Information for Buyers

Coldwell Banker Valley Brokers buyers come from near and far. Sometimes the need is for a larger home, new location or downsizing - whatever your current need is, we are here to help.

Coldwell Banker Valley Brokers buyers move across the county, state and country to relocate to our beautiful area. Buyers purchase more homes here because of job changes, city attractions, excellent schools or just to fulfill their dreams of returning to the place they once called home.

Our agents are trained experts in their field. They know how to aid you in the right direction with each and every move. We pride ourselves on quality customer service and first-hand industry education.

Let's begin the home buying process so that you can understand how easy and hassle-free Coldwell Banker Valley Brokers agents make it for you our valued client.

Choose a link from the list below, or follow them step-by step to learn more:

#1 Getting Ready To Buy

Are you ready to build the "American Dream?" Preparing to buy a home can be both exciting and terrifying at the same time. Fortunately, a Coldwell Banker Valley Brokers agent will guide you in the right direction toward the home of your dreams. You first may want to ask yourself these questions:

  • What am I looking for in a home?
  • Do I have enough money to purchase a home?
  • How does my credit look?

You may want to make a list or brainstorm about the features and amenities that you find most appealing in a home.

#2 Starting the Loan Process

It is important as a buyer that you establish some kind of financing before you make any serious home offer. The "pre-approval" process allows lenders to take a look at your finances and credit history in order to make a general assumption about your loan amount.

The pre-approval process is when a lender looks at all of your finances and determines the amount of money you could afford for a mortgage.

In order to get pre-approved for a loan, you need to contact a lender. Your Coldwell Banker Valley Brokers agent can help find a lender that you are comfortable with and that offers programs best-suited to your needs.

#3 Property Search

Now it is time to start the exciting search for homes! You may want to narrow down your search by asking yourself the following questions:

  • Where do I want to live?
  • What is the neighborhood like?
  • Which school district would my child be attending?
  • Are there any zoning restrictions?
  • How far is this home from my job?
  • What is my price range?
  • How many bedrooms and bathrooms do I want?
  • What style of house am I attracted to?
  • Does this home have potential to increase in value?
  • Is there room to expand if I would like to build an addition?

Searching for a home is becoming easier than years ago. We now have the Internet as a powerful "home finding tool" as well as the MLS (Multiple Listing Service) and print advertising.

#4 Making an Offer 

Selecting a home should be relatively easy once a home falls somewhere in your criteria and the property is available for purchase.

You will want to inform your real estate agent what you like about the house and make a list of your likes and dislikes with the property. Though you will most likely have done this already in a general sense, it is important to do it again for specific homes you have in interest in.

There are three steps in selecting a home:

  1. Accept the seller's asking price and have your agent write up the contract
  2. Reject the seller's asking price and have your agent make a different offer

This is all a part of the negotiation process.

Communicating about the house and how it makes you feel is important when making this decision. It is also important to be realistic when it comes to how much you can afford when selecting a home and what the market conditions are.

#5 Insurance

Insuring your home is like making an investment in your future. Homeowners insurance protects you and your family and it it could be a requirement of the lender.

There are many different forms of insurance:

  • Title Insurance - protects you in the event that the title on your property has a lien, unpaid taxes, or other legalities.
  • Homeowner's Insurance - protects your home from fire, theft and other liablities.
  • Flood Insurance - protects your home from flood damage and could be required by the lender.
  • Home Warranty - offers buyers and sellers the piece of mind should anything unexpected happen. Ask your agent for a copy of coverage plans.

#6 Closing Procedures

The closing process is referred to as "settlement" or "escrow" in different parts of the country. With increased technology, most closings are completely automated and both parties do not have to be present at the same time to sign.

Closings usually take about 30 days to complete. This mainly depends on the buyer's financing, successful home inspection, appraisals and lender conditions. 

The closing process is the transfer of the title of the property from the buyer to the seller. The amount the seller receives is based upon the amount that is still owed on the mortgage, any outstanding fees or taxes, and any additional closing costs. The closing is not complete until the sale is recorded with the county.

It is this step where the buyers and sellers do very little. It is important as the seller to take a final walk through the property to make sure the property's condition has not changed since the buyer viewed the poroperty. It is equally important for both the buyer and seller to make sure the paperwork they are signing reflects the agreement of the original sale.


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