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We are your home buying experts
The Home Buying ProcessThe KR Home Team is here to help you find a home for you that fits your needs and budget. But there's a lot that goes into making an offer for a home. Through decades of collective experience, we will ensure that your real estate offer is as strong as possible on paper.
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We make the home buying process easy for you and your family
The experienced team at the KR Home Team will guide you through every step of the way. Getting started is simple, once you get started, we will ensure you understand each step.
The Home Buying ProcessInitial Appointment
The purpose of the initial appointment is to understand your “needs and wants” as a buyer. This may be the most critical meeting of the home buying process. During this appointment, the entire purchasing pathway will be discussed.
Step One
Determine the Purchasing Parameters
There are three criteria every buyer uses to find their home: location, price, and style/condition. These criteria, along with your “needs and wants,” will determine the properties we search for and the homes we initially view.
Step Two
Acquire a Pre-approval
Viewing homes without a pre-approval usually leads to disappointment. Buyers who are wise discuss their financial situation with a reputable lender and acquire a pre-approval. A pre-approval creates an opportunity for you to not just understand what you qualify for, but ultimately to decide what you can afford. Having a pre-approval greatly enhances your negotiating position - especially in a competitive market.
Step Three
View Homes
The process of viewing homes provides you with information in order to make the best decision possible. Helping you find a home is a process of elimination, not a process of selection. Viewing homes your don’t like is not a waste of time, it helps build a frame of reference to help you find what you do like.
Step Four
Write the Contract
The best way to prepare for the contract phase of the transaction as a buyer is to review a blank copy of the purchase contract. Reading the contract prior to making an offer will make you much more comfortable during the negotiation phase.
Step Five
Deposit Earnest Money
An earnest money deposit communicates to the seller that you’re serious about purchasing their property. Earnest money is kept safe in a trust account until those funds are used to close the transaction.
Step Six
Perform the Home Inspection
After the contract is fully accepted and all terms are agreed upon, a home inspection can be performed if the contract allows. The inspection will allow you and the inspector you hire to take a more thorough look at the property. This inspection will give you a far greater understanding of the property you are purchasing.
Step Seven
Final Walk-through
After the mortgage has been approved, a final walk-through is encouraged. On the final walkthrough, you will re-inspect the property to ensure it is in an acceptable condition and that any personal property conveying is present.
Step Eight
Execute the Closing Documents
Once the contract is accepted, inspections performed and mortgage approved, the closing will be set, and final documents will be executed. You will be directed by the appropriate party as to the time and date of this event. Either a formal closing date will be established by a closing attorney or an escrow officer will close the transaction.
Step Nine
Home Delivery
Upon the conclusion of the paperwork and transfer of ownership, you will receive the keys, garage door openers, and any documents/warranties that convey with the property. You will then become the rightful owner. It’s time to move in!
Step Ten
Buying your first home? Let us help answer your questions
Buying your first home can be intimidating. Our team has prepared a guide to help you navigate the challenges and issues most buyers face when they enter the real estate market for the first time. Join our mailing list to get our First-time Home Buyer's Guide.
First-time Home Buyer"The first-time home buyer's guide made it super easy to understand all of the steps in buying our dream home"
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