Buy with MarkAnthony

The first step in the home-buying process is identifying your mortgage professional. I recommend a local broker as they don't usually operate on "banker" hours and typically have better rates. 

Touring homes is the most exciting and essential part of the buying process. Taking detailed notes of the homes toured to narrow down your top contenders is essential.

Once we identify your perfect home, we'll begin the writing process. This consists of connecting with your lender to ask them to provide an estimate sheet. This sheet will give a roundabout monthly payment and projected closing costs. If you're comfortable with the estimate, we'll formally write your offer.

During this process, you'll pay a few fees up front:

1) Earnest Money (EMD): typically 1% of the purchase price (this excludes new construction homes; they set their own values). This fee is contributed to your closing costs.

2) Option Fee (inspection contingency fee): typically $10 a day, this allows you to order your inspection, review the report, and negotiate repairs or money in lieu of. This is also the time to terminate the contract and receive your EMD back. This fee is contributed to your closing costs.

3) Inspection: typically ~$350-$450. This is a deeper look into the property to identify items to request the seller repair, as well as general "need to know" information about your new home. *note, the inspection is different than the appraisal*

4) Appraisal: typically ~$800. This determines the value of the home as well as identifies any lender required repairs. 

This part is crucial during the purchase process. You'll work closely with your mortgage broker and provide them with any documents and information they'll need to ensure your loan is approved.

You'll receive your final closing disclosure from your lender that provides the accurate amount of closing costs, your monthly payment, and other items of financial importance to this transaction. 

If you are bringing money to the closing table, it's essential to wire your funds to the title company or provide a cashier's check of the funds.

You must also bring your ID (driver's licences are preferred)

Once we get funding approval, the keys are yours, and you're free to move in! Woohoo! We did it!