Buying a home can be an exhilarating yet stressful time. Qualifying for a mortgage, searching for a home online, touring open houses, deciding on a number of location and condition-related issues can overwhelm even the most diligent Central PA homebuyer. That's where Coldwell Banker comes in! Enjoy the most comprehensive Home Buyer Services in the market:
When you're in the early stages of the home buying process, you may want to remain anonymous and watch the market from the comfort of your desk - no problem! With Our Home Retriever Property Manager, you can track new listings of homes in your preferred neighborhoods.
Once you're ready to ask questions and start viewing homes in person, it's time to contact Ajaykumar Patel. Working with a professional buyer representative has it's advantages. Your "buyer agent" is legally bound to represent you using confidentiality, diligence and competence. They will search the MLS with a seasoned eye for you - setting up showings to be sure you get an early look at desirable homes. The buyer agent will advise you on condition and marketability issues of a potential home, offer assistance with the mortgage process, explain the title work required in Pennsylvania and help with arranging relevant inspections.
We're so confident that you'll have the best possible homebuyer experience that we offer a guarantee - the Coldwell Banker® Buyer Services Guarantee. Take a moment to read this simple promise...dedicated effort, honesty, loyalty, confidentiality and much more!
Ready to get started? Looking for help with setting up your Home Retriever Property Manager ? We're looking forward to working with you to find the home of your dreams!
Financing A Home
Most real estate professionals recommend pre-qualifying for a loan before selecting a home to purchase. This process will help you:
- Determine the price range you can afford.
- Understand the types of loans you qualify for.
- Determine what your monthly payment will be.
- Estimate the down payment and closing costs.
The Loan Process
Your Sales Associate will help you to select a mortgage lender. Once you have made your decision, these are the steps of the process:
Application - All pertinent documentation is obtained. Fees and down payments are discussed, and the borrower will receive a Good Faith Estimate (GFE) and a Truth-in-lending statement (TIL), itemizing the rates and associated costs for the loan.
You will be asked to provide certain documents to your lender in order that your loan can be processed in a timely manner.
Loan Submission - Once all the necessary documentation is in, your completed file is submitted to a lender for approval.
Loan Approval (Underwriting) - Loan approval, or underwriting, generally takes 24 to 72 hours. All parties are notified of the approval and any loan conditions that must be received before the loan can close.
Closing - Once all parties have signed the loan documents, they are returned to the lender. If all the forms have been properly executed, the lender sends the loan funds by wire transfer. At this point, the borrower finishes the loan process and actually buys the house.
Home Search
Finding and Choosing the Right Home
Based on criteria that you and your Coldwell Banker Sales Associate establish together, your Associate will help you find the perfect home. There are many factors to consider in selecting a property, including location, bedroom and bath count, schools and amenities.
Your Coldwell Banker Sales Associate will apply their extensive community knowledge and professional resources to research available properties, and show you the homes that best meet your needs. If you find a property that interests you through the Internet or your own research, let your Sales Associate know so that a showing can be arranged.
As you view different properties, your criteria may change. Open and direct communication with your Coldwell Banker Sales Associate is a key element of a successful property search.
Making an Offer
Once you have found the home that you wish to purchase, your Coldwell Banker Sales Associate will apply their professional training and do all the necessary research to help you structure an effective offer.
This is where your agent's negotiation skills come into play. When an offer is made, the seller will have the option of accepting, rejecting or counter-offering. Your Sales Associate will negotiate the best possible terms for you.
Your Sales Associate will draft the purchase agreement, advising you of protective contingencies, customary practices, and local regulations. Home warranty, title and escrow arrangements will be detailed in the offer. Although your Sales Associate will give you advice and information, it is your decision as to the exact price and terms that you wish to offer.
Buying and Closing
When the purchase agreement is accepted and signed by all parties, your earnest money will be deposited in the listing brokerages' escrow account to be held until settlement.
Removing Contingencies
Prior to closing escrow, all of the contingencies of the Purchase Agreement must be met. Your Coldwell Banker Sales Associate will coordinate this process. Typical contingencies include:
- Approval of the Seller's Property Disclosure Statement.
- Approval of the preliminary title report.
- Loan approval, including an appraisal of the property.
- Physical inspections of the property.
- Pest inspection and certification.
- Acquisition of homeowner's insurance.
Closing Escrow and Moving In!
When all of the conditions of the purchase agreement have been met, you will sign your loan documents and closing papers. You will deposit the balance of your down payment and closing costs to escrow, and your lender will deposit the balance of the purchase price. The deed will then be recorded at the County Recorder's office and you will take ownership of your home.
Your Coldwell Banker Sales Associate is a valuable resource of helpful tips for planning and coordinating your move using our innovative Concierge Services. Let Coldwell Banker Select Professionals give you red-carpet service from the first contact all the way through settlement! We look forward to working with you.
