Accel Realty Partners Home Buyers Guide 2017

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OFFER
“PENDING” PROCESS When a Seller accepts your contract to buy their home we say that the home and offer is “Pending”. There are sequential steps that must be completed before the purchase is complete, which happens at the “Closing”. The steps include: TITLE COMMITMENT This is a search and examination of the public records for matters affecting the title to the real estate being purchased. It may include looking for unpaid taxes, easements, names of people on title and outstanding liens and mortgages. INSPECTION This is where you as the Buyer get to choose a third-party, notrelated-to-the-transaction, person to inspect the physical conditions of the property you are buying. They will inspect the roof, the attic, the crawlspace and all rooms of the structure. It is strongly recommended that you attend the inspection or at least the tail end, so that if you have any questions regarding the property you will have the opportunity to ask the inspector. The typical inspection takes approximately 1 to 2 hours and the cost is your responsibility as the Buyer. Every inspector is different and the time it takes depends on the square footage and acreage of the property. At the conclusion of the inspection the inspector will give you a detailed report of items that were found that may be of concern. These items can be addressed with the Seller as an addendum to the purchase agreement. 6
Page 1 and 2: Welcome Home BUYER RESOURCE GUIDE
Page 3 and 4: We believe every client deserves a
Page 5 and 6: 5 FINANCIAL REASONS TO BUY A HOME A
Page 7 and 8: BUYING PROCESS We will be with you
Page 9 and 10: LOAN PRE APPROVAL Few people can bu
Page 11 and 12: LOOKING AT HOMES It is important to
Page 13: HOW TO DETERMINE PRICING The price
Page 17 and 18: CLOSING DAY The closing day brings
Page 19: Leverage Global Partners is an alli

Accel Realty Partners Home Buyers Guide 2017

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