Buying Tips
Whether buying your first home or your seventh, it’s still a complex, involved process. In the never-ending quest to provide our clients and customers with user-friendly experiences, CENTURY 21 Ace Realty has established five helpful suggestions:
Before You Begin House Hunting:
- Meet with a qualified lender to determine your credit qualifications (1st Place Mortgage is available at Ace Realty to provide free loan preapproval)
- Have your lender provide you with a written mortgage preapproval
- Prepare a budget with which you are comfortable
Consult with a CENTURY 21 Ace Realty REALTOR® to:
- Determine the most suitable use of his or her services and establish the most appropriate type of agency you need
- Get an overview of how the house hunting process works
- Establish criteria for the type of home which best meets your requirements
While House Hunting:
- Your CENTURY 21 Ace Realty REALTOR® will prepare a list of homes to show you based on your criteria
- Your CENTURY 21 Ace Realty REALTOR® will give you a tour of Ace and MLS homes available
- You’ll learn about factors that impact home value & resale as you decide on your home selection
- Neighborhoods, school priorities, commute time, etc., will be reviewed
- When that perfect home is found, your CENTURY 21 Ace Realty REALTOR® will help you analyze its value, and provide information on comparable sales
When Making An Offer:
- Your CENTURY 21 Ace Realty REALTOR® will guide you in writing an Offer to Purchase for your perfect home
- Many important negotiation factors in addition to price will be reviewed
- Your CENTURY 21 Ace Realty REALTOR® will present your offer to the home seller or seller’s agent
- Seller will respond in writing to your offer and will either accept it, counter it or reject it
- Upon reaching a mutual agreement of the terms between you and the home seller, the transaction is documented
- An agreement is secured with an earnest money (good faith) deposit, which amount is negotiable
Assisting With Details To Closing:
Once your offer is finalized your CENTURY 21 Ace Realty REALTOR® will assist you with:
- Property inspection to be ordered by homebuyer
- Ordering tests as necessary
- Addendums, amendments and special assessments
- Determining condominium and homewoners association bylaws and regulations (if applicable)
- Communicating with mortgage companies, title companies and co-operating brokers
- Contingencies: 72-hour, subject-to-sale, subject-to-closing, mortgage approval, etc.
- General conditions of sale, additional conditions, etc.
- Financing requirements
- Appraisal process
- Title insurance, homeowner's and mortgage policy
- Earnest money deposit
- Homeowner's insurance, flood insurance MGIC and/or PMI insurance
- Preparing and delivering of final paperwork for review prior to closing
- Utilities switch-over
- Final walk-through inspection
- Closing day attendance
Ace Realty, LLC d/b/a CENTURY 21 Ace Realty