Whether you are buying a home in Virginia or anywhere in the U.S. there are many steps to accomplish the buying process. There is much more to buying a home than searching the web for real estate listings and house viewings.
Many buyers call about a listing and want to see a house immediately, they think that we can just drop everything and go look at a house because they think they found the perfect home and want move quick before losing it. In a best case scenario things can work out in a quick and efficient manner but in the real world you need a few things to go just right and maybe some luck to make things work out so smooth.
In today's real estate landscape jumping in a car and viewing houses with out an agreement is against the law. In July 2012 a new law was placed that does not allow for agents to show a property unless we have a signed agreement with the parties we are showing.
There has to be an agreement even if it only last through just the one property, or it can be for a day or as long as you wish. As your agent I allways preffered this way of doing things, I like to start the whole process with a meeting that may or may not include viewing any properties. I like to have a consultation with the buyers in order to know what they are looking for and what their specific needs are for their family. If they are not preapproved for a loan then we need to know how much house they would like to buy.
As your realtor in Northern Virginia I would introduce you to my Gold Service Manager in order to get pre-approved for a loan. This manager can also help you with issues such as homeowners insurance, title insurance to assistance with the move.
Once we know exactly what a customer is looking for and the budget I will locate all the suitable homes in the area that fit the criteria so we can begin looking. I will also email any new listings as they come up. When we have found the right home I will review all aspects of the home and determine what is the best price to make an offer. Once we determine what the offer should be, I personally present an offer to the seller and do all the negotiating. Once an agreement is made in regards to price, terms, closing cost and settlement date and contingancies then a contract is written out to reflect the agreement.
The next step is to schedule for the home appraisal and inspections which is usually required by the lender and is a good idea even if not required. The Weichert Gold Services Manager will confirm title ordered through Weichert Title Affiliate and Homeowners Insurance and any other coverage that is covered through the plan which can cover things like the home protection, major systems and appliances.
As the closing day nears we will get the final settlement and closing costs from the lender and then we are ready for the big day where you will need to bring the homeowners insurance policy, certified check for closing and settlement costs, your check book for any incidental costs and a photo ID. At the settlement we will sign all required documents to finalize the mortgage and sale and make final adjustments for prepaid items and then the seller is paid and you will receive the title and keys to your new home.