Home Buyers May Ask the Seller to Pay for These Things

Buyer

Closing Cost

These are cost associated with your loan and can be 3% of the loan cost.  So if you are borrowing $100,000 and don’t have the extra $3000 to cover the closing cost, you can ask the seller to pay for this.  This may up the price of the home by that amount but you will not have to have that cash at the closing instead it will be wrapped up in your mortgage.

Home Warranty

A home warranty is an insurance policy on the mechanical and electrical aspects of the home.  Several companies provide home warranties.  They cost around $450 for a basic plan.  Many home owners will provide one if you ask for it.

Let me act as your agent.

I will negotiate all this and more during your buying process.

Call Mary Plunkett   417-824-1042.

 

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Steps for Buying Your Home

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It is my job to streamline these steps for you and ensure that everything is completed according to plan.

  1. Consultation to analyze your specific needs and wishes

I listen carefully to what you need in a home.

  1. Financial pre-qualification or pre-approval

I can recommend a loan officer to help you.

  1. Select and view properties

We will look at homes on line and in person.  Make sure you check out the neighborhood prior to a home visit.

  1. Write an offer to purchase

I can help you make an attractive offer and that will save you money.

  1. Negotiate the purchase offer

Once accepted I send the contract and earnest money to the title company, they begin the title search.  I also send the contract to your loan officer so they can work on the loan process.

  1. Find an inspector and renegotiate

Having the home inspected is highly recommended.  You will pay the inspector to find any problem with the home.  They WILL find problems.  Don’t be alarmed.  If there are big problems, we will renegotiate.

  1. Final mortgage application, underwriting loan approval

Depending on the loan, this can take up to 45 days!

  1. Title company

We will close at a title company.  Generally, you pay the title insurance, the seller pays for a title search.  The fee charged by the title company to close is split between the buyer and the seller.

  1. Closing

Make sure you have the utilities put in your name.

10.Moving

If you need the name of a moving company, let me know.

ENJOY YOUR NEW HOME!