Buying real estate in Bowie is a complicated process and first time home buyers especially need help from experienced Buyer's Agents. Homefinders.com specializes in buyer needs and we can help you too. Consider some of the facts that will help make things easier to understand about your Bowie home purchase.:
Fact: From the day you find the home in Bowie that you wish to buy, the inspections, the loan approved and settlement should be completed in no more than 30-60 days. For pre-approved buyers, even less time is required to get to settlement and get your keys.
Fact: Working with an experienced Bowie buyer's agent who can give you good advice about negotiating terms and condition, inspections, closing details, is to your advantage. Our agents are on your team.
Fact: The best way for get to know our buyer's agents and for them to get to know you is to take a tour of homes in Bowie for sale. We're available to tour homes seven days a week. Our team of agents and brokers can show any home for sale and we know the different types of homes available in your price range.
Fact: You'll need a "pre-qualifying" lender's letter before making a written offer for a home in Bowie. We can refer you to a helpful lender that specializes in first time buyers loans and knows all of the programs that are available.
Fact: If you find a home that you believe you would like to buy, don't hesitate. The fact that you like the home means someone else might too. Don't let a good home get away.
Fact: Once we have a fully accepted (ratified) contract for the home you wish to buy in Bowie, we'll explain the closing or settlement process so you'll understand what's happening behind the scenes. The title company will make sure that you will be provided with title to a home that has no lingering liens from previous owners. The title company will also order the survey of the property to make sure that there are no encumbrances.
Fact: You'll need to order hazard insurance, or homeowners insurance a few days prior to settlement. The lender will require it and you want a policy to protect you from loss by fire, theft, liability claims. We can recommend local agents to you or you can use the company that insures your automobile. If at the last minute you forget, you cannot settle without this policy in place. The lender WILL NOT lend you money without this insurance in place. You can insure with any company of your choice. However, if you forget, we'll contact an agent with whom we work and put the insurance on in order to cover you. Since you can't settle without insurance, this is a critical task.
Fact: The steps above will generally take from 20 to 40 days depending on your need to take occupancy and the seller's need to move. These dates are firm in the contract. We always work toward a firm and pre-determined settlement date in this area. By now, your loan is approved and we're just waiting for the day you take possession.
Fact: You'll need to bring a certified or cashier's check for settlement. A day or so before settlement, you'll need to get a Cashiers Check for your settlement. The title company cannot disburse the proceeds of your loan and record your title without complete payment and it must be in certified funds.
Fact: The morning of or up to five days before settlement, we will arrange a walk-through inspection of your the home to make sure everything mechanical, plumbing, electrical, etc. is in working condition. This gives you an opportunity to examine any repairs made by the sellers pursuant to the home inspection. Termite treatments, if any, will have been done at the seller's expense. If the sellers have damaged any part of the house moving out, these items will be noted and you'll be compensated. Our contracts require a "broom clean and free of debris" property to be left by the seller. We'll be with you to make sure everything is in the condition when you purchased the home. If you can't be here for the walk-through inspection, we'll do it for you. We'll do everything except pay for your home.
GIVE ME MY KEYS ! ! !
You and the sellers will meet at the title office. We'll be there with you to make sure the settlement documents are correct. Most of the documents will be Fannie Mae standard documents. The document we examine most closely is the Settlement Sheet or HUD-1. This document will reconcile debits and credits to you and the seller.
SLEEP EASY
We provide all of our resale home buyers with a one year home warranty at settlement. This will protect you if the dish washer, air conditioner, furnace, heat pump, electrical or most other components of the home need repair after you take possession of your newly purchased home.
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