The Buying Process

 

  1. The buying process starts and ends with using one of Artizen Realty’s agents.  Most serious home buyers will use a real estate agent during each part of the home buying process.  Still, we have a search function on our website in case you wish to supplement your agent's efforts.  Remember that the database your agent utilizes far surpasses the information you will find on any other real estate website.  Keep in mind that all real estate websites get their information from the multiple listing service.  It’s anyone’s guess how often each website downloads information from it.  For such an important purchase, why would you chance not getting updated information the first time? 

    The only way to guarantee that you have the most up-to-date information is to use an agent with direct access to the multiple listing service.  For those people who want control of the search, our agents would be happy to search for properties with you, together, as many times as you want.
  2. After you choose an agent, there will be a face-to-face meeting at a location of your choosing.  This meeting will outline what happens at different points during a real estate transaction.  Mortgage prequalification, purchase criteria, timelines, commitments, resources, the lending process, purchase contracts, and the closing will be discussed.  Don’t worry about memorizing what happens at each point in the process.  Your agent will guide you through every step as it happens. 
  3. The next step is your agent researching homes with the criteria you provided.  Once you have chosen which homes you want to see, your agent will schedule a time to see those properties with you.  This process can be a short or as long as you like.
  4. When you find a home that you want to purchase, your agent will complete a comparative market analysis (CMA).  This CMA will objectively illustrate the market trends over the past 2-3 years in the area the home is located.  The CMA will also include information on similar properties that are active, sold, and under contract.  This information from the CMA will play a key role in determining a price and in determining the best negotiation strategy. 
  5. The offer comes next.  The basics of the offer were discussed during your initial meeting.  The details are covered once again and the paperwork is filled out.  A virtual “package” is put together by your agent which may include a negotiation letter, the offer, the comparable properties/justification, and any extra provisions or terms.
  6. Once an offer is accepted, the Attorney Review/Inspection Period begins.  From here, you will have a minimum of 5 business days for your attorney to make modifications to the contract and for you to conduct an inspection of the property.
  7. Upon successful completion of the Attorney Review/Inspection Period, you will sit down with your loan officer to complete a Loan Application.  Your lender will tell you exactly what you need to bring to that meeting.  Once this meeting is over, the lender will process your loan and submit it to the underwriting department for final approval.
  8. The final step is the closing.  Here, the loan is funded and the title & keys to the property are given to you!  As always, your agent will be there for support and guidance.

Agents

Buyer Information

Sellers