1. The Interview
When we first meet, I would like you to describe your perfect home. I will learn what you are looking for, and which area of town you would like to live, and any other important aspects of your purchase. At this time, I can also give you a general ideaof what your ideal home, in the area you prefer may cost in the current market. If you have not yet seen a loan officer, I will suggest a few reputable professionals in Austin for you to speak with, in order to become pre-qualified for a loan. This can be a powerful advantage for the buyer in negotiations.

2. Showing Property
Once you have selected a few properties that meet your criteria, I will make the necessary appointments for us to view the properties.

3. Writing the Purchase Agreement
When you have found your 'perfect home', we'll write a purchase agreement together. In it, we will include the proposed terms of the transaction. This is known as the 'Offer', and I will submit it to the listing agent for the property, so that they may present it to the owner.

4. Negotiations
Three things can happen at this point: a) Our offer is 'Accepted', b) Our offer is 'Rejected', or c) Our offer is rejected, but replaced with a 'Counteroffer'. Once we have a contract that is agreeable to both parties, the transaction can move forward to the next step.

5. Inspections
One of the conditions in the purchase agreement is for the Buyer to have an inspection by a licensed professional take place. In general, the Buyer will pay for the inspection, but the Seller pays for a survey.

6. Loan Approval
If this step has not already been finalized, the Buyer will seek final approval for a loan.

7. Waiting Period
During this period, many important steps are taking place. Credit reports are ordered and your loan is underwritten. The lender will order an appraisal of the property, if the property is to be used to secure the loan. The Title Company will conduct a title search, in order to verify that a 'clean' title can be transferred. All of the legal documents for both Buyer and Seller are assembled, and a final settlement date is determined.

8. Closing
On the day of the Closing, usually both parties will meet at a specified time at the Title Company. Both Buyer and Seller will sign all of the legal documents that transfer the property to the Buyer, as well as documents which resolve all of the closing costs, pay off existing mortgage(s) for the Seller, and create a new mortgage for the Buyer.

9. Congratulations!
You are now a Home Owner!

Contact me for more details!