FINDING YOUR DREAM HOME
BUYERS
HIRING A REALTOR®
Hiring an experienced, highly qualified Realtor® to represent you throughout your home buying journey will be vital to your success throughout the process. Ensure that the Realtor® you’re choosing to work with has an abundance of experience, a great support team behind them at their brokerage and is dedicated to finding your dream home for the most competitive price.
MORTGAGE PRE-APPROVAL
When you’re preparing to buy a new home, your next step is obtaining your mortgage pre-approval. Connecting with a reputable, local lender will ensure that you’re focusing on the right price range and properly prepared to purchase your next home in Southeast Michigan. Ask your Realtor® who they recommend and trust, but always remember to compare a few options.
LIST OF WANTS & NEEDS
When you’re beginning your search for a new home in Southeast Michigan, you’ll want to begin by providing your Realtor® with two lists: Wants & Needs.
Creating these lists will allow your Realtor® to begin searching for your perfect home in Metro Detroit.
ERIK’S EXPERIENCE IS YOUR ADVANTAGE
With over 600 homes and $200 million in sales volume closed, Erik is an expert negotiators with hundreds of industry connections leading to inside knowledge on the most desirable listings in Southeast Michigan.
EXPERT NEGOTIATING
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POWERFUL & EFFECTIVE CUSTOM MARKETING
BUYING YOUR HOME
Breaking Down The Process
STEP 1: GETTING STARTED
Planning & Preparation
- What is your motivation to buy?
- What price range are you comfortable with?
- What is your timeline to move?
- What are your ideal features and “must haves”?
- What are you searching for in a neighborhood or community?
Setting Expectations
- What are current market conditions in the areas you’d like to buy?
- How much are homes selling for in your target market?
- What type of home can you afford? Completely updated, moderately updated, needs work, etc.
- How long does it typically take a buyer to find a home?
STEP 2: FINDING YOUR HOME
The Search
- Work with your Realtor® to schedule private showings of homes
- Attend open houses when available.
Offers & Negotiation Strategies
- Review and understand the purchase contract with your Realtor®
- Review seller’s disclosures to fully understand the condition of the property
- Discuss the home’s value and review the market analysis with your Realtor®
- Discuss offer strategies and recommendations with your Realtor®
- Submit your offer for your next home!
- Negotiate to optimize price and terms
- Acceptance of offer or counter offers
STEP 3: GETTING UNDER CONTRACT
The Escrow Process
- Notify Title and Lender of acceptance and send fully executed contract
- Wire initial Earnest Money Deposit
- Contact insurance agent for homeowner coverage quote(s)
Inspection Process
- Within the contractually agreed upon inspection period, schedule your private inspection for the home
- Attend private inspection (Always recommend that you’re present for the inspection)
- Review private inspection with your Realtor®
- Negotiate potential repairs or seller credits and remove the inspection contingency
Appraisal and Loan Process
- Once the private inspection is completed, you will notify your lender to order the appraisal of the property
- Review appraisal report and verify the determined value is sufficient to support the purchase price
- If necessary, renegotiate purchase price to accommodate an appraised value below the originally agreed upon price
- Provide your lender with all required documentation to receive full loan approval and the clear-to-close.
STEP 4: CLOSING
Welcome Home
- Always schedule a final walkthrough prior to closing
- Schedule your closing with your Realtor® to coordinate with Title, Lender and the seller(s) of the home
- Review your closing documents with your Lender and Realtor®
- Transfer utilities into your name effective the date of closing or when you will be receiving keys, if there’s post-closing occupancy
- Arrange to wire down-payment and closing costs to Title
- Closing, key delivery and CELEBRATION!
Working Together Again
- Staying in touch and keeping you informed
- Second homes and investment properties
- Providing resources and introductions
- Referrals, testimonials and reviews.
ARE YOU