FIND YOUR HOME

Home. It's the most important purchase you'll ever make.

If you are a first-time home buyer, purchasing a home can be an exciting yet intimidating experience. I am here to make this next step a smooth and easy process for you. I have provided information and resources to help answer any questions you may have about the home buying experience.

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Find Your Dream Home

The Home-Buying Process

Step 1

Once you're ready to buy a home, it's essential that you first get pre-approved for a mortgage loan. Going through the pre-approval process means your lender has reviewed your financial status by verifying your income and debt status. Once you've completed the pre-approval process, your lender will be able to tell you with confidence just how much house you can afford to buy based on the loan amount for which you qualify. Don't confuse the pre-approval process with a pre-qualification, which will simply ballpark how much you can you afford to spend based on unverified income and debt estimates.

Step 2

Everyone wants the best possible terms when purchasing a home. However it's not always easy determining how much to offer, especially in the face of constantly changing market conditions. Your agent can help you craft a reasonable offer because he or she lives and breathes real estate and knows what it will take to get your offer accepted. In addition to sticking to your budget, your Realtor will review a range of factors including the number of for-sale homes competing for your offer, the terms sellers look for in a clean offer, and any additional terms that are likely to appeal to a specific seller. Whether the market favors buyers or sellers, there will always be comparable market data and fluctuating contractual terms that your agent will be able to analyze in order to help you craft and submit the winning offer!

Step 3

A real estate purchase offer is a legally binding contract that a homebuyer uses to make an offer on a property. It is a document that contains information about the purchase transaction and the homebuyer's rights and obligations. The primary elements of the purchase offer include the offer price, down payment, earnest money deposit, and contractual dates that stipulate when the transaction will close and how many days the buyer has to meet certain conditions including the property inspection, appraisal and loan periods. Within the purchase offer, you will also commit to various additional details including escrow costs, real estate transfer taxes and if any local point of sale ordinances will be paid. Once your agent makes an offer to the seller's agent, you may need to negotiate counter offers to reach final agreement.

Step 4

Once your offer has been accepted and your inspections completed, you will need to attend the closing, or settlement. The closing is the legal transfer of ownership from the seller to you. The title or escrow officer will prepare the HUD-1 Settlement Statement, which outlines all of the costs for both the buyer and the seller. You and your agent should schedule a walk-through of the home 24 hours prior to closing to ensure that any agreed-to repairs have been made and that the home is in the condition outlined in the contract. If the property does not meet the agreed-to terms, your agent can delay the closing or request money from the seller to fix any issues. Once the property meets with final approval, the buyer obtains the keys to his or her new home!

The Power of Partnership

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Sarah Lee
NMLS ID #280947

Let’s find the right home loan for you.

We have loan options to fit every situation, from down payment assistance programs for first-time homebuyers to government-sponsored programs for military families and rural residents or jumbo loans in high-cost markets.

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Own whatʹs next.

At First American, we combine the vision to see whatʹs next with the experience to get you there with confidence. For 135 years, weʹve delivered certainty and trust to power seamless real estate transactions. Weʹre by your side every step of your journey — leading you from where you are today to all that you can achieve tomorrow.

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(916) 698-9970
tanyacurry@tanyacurryre.com
2277 Fair Oaks Blvd., Ste. 440
Sacramento, CA 95825

Coldwell Banker and Guaranteed Rate Affinity, LLC share common ownership and because of this relationship the brokerage may receive a financial or other benefit. You are not required to use Guaranteed Rate Affinity, LLC as a condition of purchase or sale of any real estate.
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