Buyerâ&#x20AC;&#x2122;s Guide Making a House Your Home
Importance of Securing Financing First
Once your loan is processed you will learn your maximum purchase price limit and the estimated monthly payment, along with the estimated credit back towards closing costs. Why pay for closing costs if you don’t have to? Your Realtor will now know how best to proceed in finding you the greatest house to make your home.
The process with Ascend Mortgage was easy, fast, and well explained. The team goes the extra mile to help and provides great service. I will certainly use Ascend Mortgage again in the future.
Before your Realtor can help you with your next home purchase it is important to learn what is the purchasing power available to you? Not only does our team at Ascend Mortgage find you the lowest interest rate shopping several wholesale lenders, they also secure the most credit for you that can be applied towards your closing costs creating more savings and benefits to you! Please consult with your Arise Realtor for details or speak with and Ascend Mortgage consultant.
FELIPE P. (REDWOOD CITY, CA)
Main Influences For Buying a Home: · Family · Lifestyle · Employment · Affordability · Investment
Finding the Right Home Northern California has so many distinctly different areas and all beautifully unique with diverse culture, making the San Francisco Bay Area one of the most desirable places to live in. Outstanding weather, abundance of pristine recreational space, incredible business and employment opportunities, among some of the best schools in the world all make for a great place to live. All these factors contribute to why it is such a competitive market and when shopping with Arise Realty you can count on our proven process, a reliable team of mortgage and real estate professionals working on your behalf, and a great success rate over the last 10 years of helping turn home buyers into happy home owners. We take the time to listen to what is important to you and we are with you every step of the way.
When You Have Found the Right Home Now after looking at a few homes you finally see the perfect home that you like and want to write an offer. Your Arise Realtor will help you through the whole offer process and will guide you through the disclosure package, inspection reports if any, and understanding what the fair market price of the home is based on recent sales and its current condition. An offer can now be drafted and presented to the seller. Now that you have submitted your offer the seller can either, accept your offer, counter your offer, or reject it.
IF COUNTERED, SOME THINGS THAT WILL BE NEGOTIATED INCLUDE: • • • •
Final sale price The Inspections to be done Who will pay what closing costs When the closing date will be and when the transfer of ownership will occur • Special considerations of things to be included or excluded from the sale • Special considerations such as carpet replacement or roof repair that are not a part of an inspection.
Opening and Closing of Escrow Congratulations the seller has accepted your offer! With the paperwork you provided to the Ascend Mortgage team in the beginning to secure your financing you now have a clear path to the closing table. Either the listing agent or your agent will open escrow. Then a plan is set for the necessary action and documents required and you will place a deposit in escrow that was agreed upon in your offer and when the lender has reviewed all documents such as appraisal, purchase contract, and other related documents and their review is complete they will issue final loan papers with an estimate of funds needed to close escrow. This process can take up to 30 days. Your escrow officer or Arise Realtor will contact you for an appointment to sign escrow instructions and supporting documents.
Keys to Your Home! The lender has reviewed all final documents and all funds are in escrow and released to the appropriate parties and title is now recorded with you as the new owner(s)! As added security for your new purchase Arise Realty offers you a complimentary one year home warranty to protect your home and give you peace of mind that if anything should go wrong you are covered!
WARRANTY COVERS: • Plumbing • Heating • Air Conditioner • Water Heater • Electrical • Kitchen Appliances • Garage Door Opener • Pest Control Services • Ductwork • Pool/Spa Equipment
Call Us The process was easy and our agent was always one step ahead to make sure we got the keys on time and as an added bonus we also received a home warranty from Arise Realty! We would highly recommend Arise Realty for your next home purchase. GREG T. (SAN MATEO, CA)
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