Buying Tips & Guide

Step 1: Save! Save! Save!
Purchasing a property or a place to call home is a very weighty and a responsible decision in life. Why not consult “the person” (broker or sales representatives) you trust? Many details come into play during the course of the purchase, there is the down payment, closing costs, title and deed searches, oh and the taxes to be paid upfront or at closing and the…Your solutions team will walk you through it all!

Step 2: Choose Breman Real Estate!
Your search starts with an idea or dream. Then reality sets in and you become serious, you need to ask yourself (family etc.) a lot of questions:
  • What best fits our needs and wants?
  • What style of home do I prefer?
  • What area would best be suited in relationship to school, church, family, work etc.
  • What are our long term plans?
  • What can we comfortably afford, even in a time of crisis?
Touring some homes starts to put it all in perspective!
Once again we will be at your service, we can fill you in on “Hot Markets, Slow Movers, Good Deals” etc… We can help narrow your search down, and you will be one step closer to finding your dream home.

Step 3: Get Mortgage Preapproval
Shop around for the best deal; but don’t forget to also shop around for the best financing. Consulting a bank or mortgage lender prior to serious shopping is a must. These financial institutions will run a credit score and a debt to income Ratio (DTI) taking all your financial information including other loans, credit cards etc. into consideration. Based on this complete picture they will approve you for a maximum amount, however this is not necessarily the amount you want or need to spend. You should personally determine what is safe, comfortable and best for you, stick with your budget.

Step 4: Negotiating the Deal
It is very likely that the seller will submit a counter offer. This should not discourage you. We will help you assess the counter offer and help decide whether to accept the counter offer, submit another counter offer, or reject the counter offer and move on. Your purchase offer, if accepted as it stands, will become a binding sales contract—also known as an Agreement Purchase of Sale. It’s important, that the offer contain every element needed to serve as a blueprint for the final sale!

Step 5: After the Accepted Offer
Once the offer is accepted from both seller and buyer, we will gather the necessary paperwork to provide the lending institution. They will begin the paperwork and may request an appraisal. The appraisal will inform the lender of the estimated worth of the house to ensure you’re not overpaying from the property. Find a real estate attorney or lawyer to represent you at closing. The attorney or lawyer will do a title search on the property to ensure there are no issues or liens against it. You will be notified of how much is due on closing day and will need to provide the funds before you are given the keys.

Step 6: Closing Day!
Congratulations, you’re a new Homeowner! Finally the day has arrived to move into your HOME! We will continue to support you as questions or concerns pop up after closing the deal.