Buyers
Embarking on your home-buying adventure marks an exhilarating milestone, whether it's your initial purchase or an addition to your investment portfolio. Our goal is to streamline this process, ensuring it's both pleasant and efficient. With our profound understanding and comprehensive resources, we expertly guide you through every complexity.
Selecting a home is a momentous, rare occasion. Our commitment is to furnish you with up-to-date insights and advice, aiding you in making informed choices. We do more than just handle transactions; we're dedicated to educating and supporting our clients, making sure you feel confident and backed every step of the way in your home-buying journey.
BENEFITS OF BUYING
Enhanced Quality of Life
Mortgage Interest Deductions
Property Tax Deductions
Asset Appreciation
Equity Build-Up
Pride in Your Home
No Landlord
Investment Leverage
HOW MUCH CAN I AFFORD?
The Down Payment: A higher down payment often means better loan terms and could eliminate the need for mortgage insurance. But if you don't have a large downpayment there are still plenty of other loan products out there to service your specific situation.
Ability to Qualify for a Mortgage: Lenders typically want your mortgage payment (including principal, interest, property taxes, and homeowner's insurance) to be between 25-28% of your gross monthly income.
Closing Costs: These are the fees and additional costs required to finalize the mortgage. They usually range from 2-5% of the loan amount and need to be paid at the time of closing the deal.
Which Neighborhood?
Choosing the right neighborhood is crucial in your home search. Consider key factors and personal preferences that match your lifestyle—whether you're a single professional, a family, a working couple, or retirees. It's essential to find a community that fits your individual needs and life stage. Keep your criteria handy to guide your decision-making process.
Connect with locals for valuable insights to get acquainted with the area.
Drive-through at differing times and days to get a holistic understanding of the area's dynamics.
Observe the upkeep of nearby homes, landscaping, and vehicles for signs of the neighborhood's pride and investment.
MAKING AN OFFER
Discovering the home you desire marks the beginning of a new chapter. Determining your offer is a pivotal step that we at Brandon Hannah Properties will assist and advise you on. In competitive markets, it's wise to present a strong offer, which in some cases may even surpass the list price. Let's approach this with a strategic mindset—aim for an offer that's compelling enough for the seller to consider it seriously.
Rest assured, I will provide you with a detailed analysis of comparable property sales and nuanced market expertise to inform your offer.
To formally express your intent to buy, we will submit a well-crafted written offer to the listing agent. Upon acceptance, this offer becomes a binding contract. This also requires placing an earnest money deposit to solidify your commitment to this purchase. This earnest deposit safeguards your sincere interest in the property.
NEW CONSTRUCTION
Why use an agent to purchase a new home?
Market Savvy: Navigate the market with an expert who knows the ins and outs.
Efficiency: Find your ideal home swiftly with professional guidance.
Contractual Expertise: Benefit from specialized skills in drafting and negotiating contracts
Closing Support: Rely on your agent to assist through to the final step.
The builder's representative looks out for their interests; you deserve the same level of expert support. Purchasing new construction can be more intricate and demanding than a resale transaction. Allow me to steer you through this process with finesse. It's imperative to have your interests adeptly advocated for, especially in semi-custom or build-to-suit home contracts, to ensure your new home fulfills every expectation.
UTILITIES INFO
Coordinate the discontinuation of your current home utilities by scheduling a final service reading for your preferred date. Provide them with your new address for the closing statement and inquire about the reimbursement of any deposits. Simultaneously, set up the commencement of utilities at your new residence to ensure a seamless transition.
BUYERS GUIDE
Embark on your home-buying journey with confidence using our FREE Buyers Guide! Discover essential tips and expert advice to navigate the buying process, ensuring a fulfilling and informed purchasing experience.
Our Working Process
While many buyers believe the initial step is discovering their dream home, the reality is that securing funding takes precedence. We simplify the Loan Pre-Approval process by either connecting you with our preferred lender or collaborating seamlessly with your chosen lender. Once you're pre-qualified for a loan, we arrange a meeting to delve into your specific home criteria and preferences.
The next step involves a face-to-face meeting or a Zoom session to delve into your home wish list and criteria. We're keen to understand your must-haves and definite "nos." Following this discussion, we initiate a digital search tailored to your preferences. You'll receive curated property options via email, complete with pictures and detailed information. Once you identify a property that piques your interest, we promptly schedule a showing and accompany you for an in-person viewing.
Whether you tour one home or 20 different homes, when you discover the one that resonates with you, our team springs into action. We'll craft a compelling offer encompassing key details such as the purchase price, inspection terms, closing date, and more. Leveraging our expertise, we strive to ensure that your offer is not only competitive but also tailored to your advantage. Our goal is to prevent you from overpaying or missing out on the property. Throughout this process, we maintain regular communication to keep you informed and involved.
Upon securing an accepted offer, we will proceed to the inspection period. In case you don't have a preferred inspector, we can provide you with a list of recommended professionals. Following the inspection, the inspector will furnish both you and us with a comprehensive report. We will then engage in a discussion to address any concerns or queries you may have.
Upon completion of the inspection, your lender will initiate an appraisal process. A certified appraiser will visit the property, assess its value, and determine an appraised value. If the appraisal falls below the purchase price, negotiations will be necessary to resolve how the difference will be covered. It's important to note that the lender will only approve a loan amount equivalent to the appraised value, and not beyond. For further details, we can discuss this matter in person.
Our team is dedicated to guiding you through the entire process, ensuring a smooth journey to the closing table. Collaborating closely with your title company and lender, we obtain preliminary numbers and facilitate essential steps. This includes coordinating with utility services and assisting with practical details such as updating your address in your Amazon account. Witnessing the joy on your face as we hand over the keys at the closing table is our ultimate satisfaction. We share in your excitement for the next chapter and look forward to the positive experiences that lie ahead.