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Buyer Resources
A Tradition of Excellence, Integrity, Knowledge and Service for over 60 years.
Why Buyers Choose Us
If you are buying a home in today’s market, you need someone with the expertise and attention to detail to guide you through the process. The Estey Real Estate team has developed a level of home buying expertise unmatched in the Benicia area to meet these needs.At Estey Real Estate, our goal is to help homebuyers and investors purchase the best property available at a price that is right.
If you would like more information about the services we offer, please complete the form to the right.
Things to Consider when Buying
A key element to successful home buying is planning. The more you understand and plan for, the easier it will be to anticipate requests from lenders and others along the way.Below are some questions to ask yourself, and things to consider, to start preparing.
Do You Know What You Want?
Whether this is your first time buying a home or your tenth it is important to know why you are in the market to buy – are you being forced to relocate due to a job change or are you ready to expand but timing is less critical? The more you outline, the more likely you will meet your goals in the long run.
Do You Have The Money?
A lot of buyers who are also selling their home go into the process assuming they will have a portion of money to move forward on the buying transaction after their home is sold. While this may be the case, there are other costs to consider, such as closing costs and brokerage fees. It is important to have those figures factored in when looking at your next purchase.
Should You Get a REALTOR®?
It may seem like a simple process – go online or drive around the area you are interested in and find a house you want to look at. But the bottom line is that no 2 properties are alike as they differ in many areas from financing to inspections. Getting the expertise of a qualified REALTOR® can help you navigate through the processes involved in finding the home of your dreams and to keep you informed during every step of the home buying process.
Why Loan Pre-Approval is important
Most people cannot buy a home for cash and as much as 90% of buyers finance the purchase – according to the National Association of REALTOR®S. It is crucial for you to find a loan that fits your lifestyle – and budget. Pre-approval is not a loan commitment, but lets you provide assurance that you will be able to pay for the home once you find it. Keep in mind that each pre-approval requires a new credit check that will show up on your credit reports in the future.
Making an Offer
Once you have found a home you can make an offer. This process can vary from state to state, but in most cases your REALTOR® will present your offer to the owner or their agent. The owner can accept the offer, reject it or make a counter-offer. This process continues until both parties are satisfied with the purchase price, or one or both parties decide to terminate negotiation.
It is important to have the home inspected. After the inspector evaluates the home, you will have a good idea of what problems the house may have and what it may cost to repair it. This may influence your decision on whether to move ahead with the purchase.
The Basics of Closing
Once you have settled on a home and the terms of the purchase price, you will meet with your agent to close on the home. At closing, all papers should be prepared by the closing agents, title companies and lenders. You will be able to review all documents before signing but at this point of the process, there should be no surprises.
What’s Next
For most people, owning a home will be one of the largest investments they will make. It is important to maintain insurance on the home, protecting your assets and valuables within – but most importantly – enjoy your home!
