​​Ready to Buy a Home? Crown Realty and Financial can help.

Buying a home should be an exciting and rewarding experience.  All too often, it is complex and stressful for many people.   However, with an experienced team and the appropriate up-front planning, it's a fairly straightforward process.  At Crown Realty and Financial, educating our clients is just as important to us as the professional service we provide.  So we like to supply buyers with an outline of the entire deal so they'll understand exactly what to expect.  Below are our NINE STEPS TO BUYING A HOME.

Step 1 – GET READY TO BUY

Before you begin your search, you'll want to assemble a checklist of must-haves, plan for what school districts or commute distances you prefer and begin working on your budget.

• Ensuring your mortgage payment is around 1/3 of your net monthly income is a good rule of thumb.

• Click here to start preparing your CHECKLIST

Step 2 – SELECT A REPUTABLE REAL ESTATE AGENT AND LOAN OFFICER

You will want to identify a licensed REALTOR ® who is interested to understand and address the specific needs you have identified on your CHECKLIST.

• Your real estate agent should be well versed regarding the mortgage and housing industries and any other economic factors that may potentially affect your purchase today or in the future.

• Click here to use our MORTGAGE CALCULATOR to determine just how much you can afford. 

• Now you're ready to GET PRE-QUALIFIED FOR A LOAN -  

Step 3 – BEGIN YOUR PROPERTY SEARCH

After an initial consultation, we'll begin searching for available properties that meet your needs.

• We'll create a thorough list and then schedule appointments to view the properties and further refine the search.

• Click here to begin -

Step 4 – UNDERSTAND THE MARKET

• When we tour properties, we'll let you know if the asking price has room for bargaining or if we believe it is "priced to sell."

• When working with an agent, trust your instincts and be sure to ask lots of questions.

• Our knowledge of the market will keep you a step above the rest throughout the entire deal.

Step 5 – FIND THE HOME YOU'VE BEEN LOOKING FORX

• Once we find your dream home, we'll meticulously develop your real estate purchase offer which will be tailored keeping your needs in mind, including any contingencies, such as getting financing, completing the inspection, and a clean title.

• Upon turning in your purchase offer, you'll need to present "earnest money." This is a cash deposit made to the home seller to secure the offer to buy the property, and it's typically applied to the closing costs.

• If the seller accepts the offer, we should close on the home within 30 to 60 days afterward. This allows ample time for your mortgage financing.

 Step 6 – NEGOTIATE

• A lot of contracts don't close on the initial offer, and it's very common to receive a counter offer. Don't let this discourage you.

• We'll figure out whether or not to consent to the counter offer, present our own counter offer, or reject the seller's offer and move on.

• How aggressively we negotiate the deal depends on the state of the market. In addition, we'll work within your budget and assemble a deal that works well for you.              

Step 7 – OBTAIN A LOAN

• After the deal is signed, you'll begin working with your mortgage lender to close the loan.

• This shouldn't be a long process at all if you're already pre-qualified.

• CROWN REALTY and FINANCIAL is equipped to provide BOTH real estate and mortgage services which ensures a smoother process for you.

• You can begin the online application right now and even complete the process when ready, by using SureDocs to electronically sign all the necessary documentation. 

• Let us help you begin the application process.  Just click here for more information
  

Step 8 – CLOSE THE DEAL

• You'll get a Good Faith Estimate (GFE) of your closing costs from your mortgage lender within three days of taking your application.

• RESPA requirements dictate that it has to contain all closing costs and fall within a narrow range of accuracy, and we'll analyze the estimate and let you know if it all looks good.

• Then we'll close on your home. This will likely happen at a title company or escrow office and will likely be a smooth and pleasant event.

Step 9 – MOVE IN

• Success! Now you can move into your new home. Enjoy it.  And if you need any additional real estate or financial services, we are here to help.  Simply contact us!