Buying Your New Home
My Philosophy
When I work with buyers, my goal is to provide a well-rounded, high-quality experience. Whether you are renting, purchasing a home for the first time or are a savvy real estate client with experience, I will provide a personalized approach to make the process as easy and relaxing as possible.
​
It is not my style to push a buyer in a direction he or she might regret later. When the timing is right, I will use my professional approach to help you, as a buyer, achieve your goal of obtaining your dream home.
Helpful Definitions
Earnest Money
A sum paid by a prospective purchaser of real estate as evidence of good faith. This is a check a buyer pays that is held in an escrow account by the listing agent or title company. If a buyer closes on the home, the earnest money is credit at closing.
​
Contingency
A provision in an offer or contract that makes performance and consummation of the offer or contract dependent or contingent upon the occurrence of some act.
​
Comparative Market Analysis (CMA
​An estimate prepared by a licensed real estate broker that details the probable selling price or leasing price of a particular parcel of or interest in property.
​
Appraisal
An estimate or opinion of quantity, quality or value. As applied to real property, it is an opinion as to a property's value, marketability, usefulness, or suitability. This is ordered by the lender and required when obtaining a loan for your purchase.
​
Escrow
Ensures buyers’ money is secured by a third party until transaction is 100% done. Usually, the buyer and seller in a deal will determine together who the escrow holder should be.
​
Good Faith Estimate (GFE)
Lists out all of the costs associated with obtaining a mortgage from a particular lender, including title charges, escrow, and attorney fees.
​
Home Equity
This basically the difference between one’s property value and how much they owe left on their mortgage.
​
Pre-Qualification
Pre-qualification occurs when a lender determines a borrower has all of their finances in order and is a worthy person to receive a mortgage.
​
Pre-Approval
Occurs after the Pre-Qualification and is a written statement from a lender that says they’re willing to lend that person money for their home purchase.