by the process of buying a new home?
Let the experienced BlueFlint Realty team assist you.
BlueFlint will monitor the Multiple Listing Service (MLS) and
notify you immediately when properties meeting your criteria are
Access Blueflint Realties handy mortgage calculator.
Concerned about selling your present home BlueFlint Realty
be happy to provide you with a
complimentary no obligation appraisal of your current home's value.
Moving into the Omaha Area visit BlueFlint Realties one stop
resource on the Greater Omaha Area.
Guidelines to Finding Your Home
The following information is
intended to provide you with an introduction to the aspects
of home buying. It is recommended that you choose a
professional real estate agent you feel comfortable working
with and rely on their experience and knowledge in making
the final decision to purchase your home.
Work with your agent to
complete the following:
- Speak with a Mortgage Lender/Broker and obtain
written pre-approval for a loan. This helps you
determine your purchasing power and enables you to act
expeditiously and with confidence when you identify the
property you would like to purchase. Additionally, a
pre-approval assures the seller that you are qualified,
providing you with an advantage when bidding on a home.
This is especially helpful in a multiple interest
- There is a customary deposit upon making an offer on
a home. Ideally, be prepared to have those funds
available when you begin your search. The balance of the
down payment will be due upon closing.
- Review your credit report. Remove all disputed
claims and clear up any debt if possible, especially
outstanding credit card balances.
Guidelines to finding
- Define your search parameters. This typically
includes price range, location, size, and amenities.
Ultimately, flexibility will only work to your
- Choose an agent to work with. Since agencies have
almost all the same listings, working with one agency
allows you to efficiently schedule appointments to see
only those properties that meet your needs. In addition,
working with more than one agent may actually prolong
your search by having the same properties shown to you
by multiple agents. Since prime property tends to sell
rather quickly, prolonging the process may actually
hinder you from seeing the property that best meets your
needs. Lastly, by creating a good relationship with your
agent, you assure that you are the first person they
call when a new listing arrives on the market.
- Talk to your agent. Be specific about your needs,
price point, locations of interest and any other
amenities you require in your new home.. If you do not
feel comfortable with your agent, do not hesitate to let
them know so that they may have the opportunity to refer
you to a colleague with whom you may be more compatible.
- When scheduling appointments, try to be available
during the week. In addition to evenings, early morning
and late afternoon is a good time to schedule
appointments, as more agents are available during these
times to provide access to their listings. In addition,
by avoiding weekend and open house showings you allow
yourself to view properties without fighting crowds of
people (competition) and giving you more time to ask
questions and get a "feel" for the property.
Once you identify the
property - The purchase:
- Contact your agent immediately, who will complete
the necessary paperwork. The offer will include such
provisions as purchase price, down payment, amount of
financing, included and/or excluded personal property
(i.e. window treatments, lighting fixtures, etc) and
preferred closing date.
Contingencies in your purchase agreement
weaken your offer. Be aware any contingency could take
you out of the running if a non-contingent offer is
- Keep in mind that sellers are allowed to hear ALL
subsequent offers while your contract is negotiated (or
finalized). In fact a seller may accept another
purchaser's offer up to the point of a fully signed,
executed and returned contract. This means that until
your contract is signed by both you and the seller, your
deal may not sustain as the primary deal. Therefore,
instruct your agent to proceed expeditiously.
- Your agent will review with you the contract,
perform a "due diligence" reviewing with you the
"financials" and/or "issues" of the property, and ask
you to execute the contract and put forward a deposit to
be held in escrow until closing. Thereafter, the seller
signs the contract and your agent will deliver one
original to you and one to your mortgage broker/bank.
- Immediately apply for a mortgage (if applicable).
Your agent will work with your mortgage broker/bank to
coordinate the appraisal of the property and provide the
bank with requested information on the property. The
loan process typically involves several steps from
application to appraisal and finally approval. This
process may take up to 45 days to complete and hinges on
your ability to provide all of the required financial
data to your broker/banker in a timely manner.
Prior to closing - The
professional home inspection will look at the foundation
and structure, roof, exterior, major systems
(electrical, heating, cooling and plumbing), and
appliances that will stay with the home. Plan to meet
with the inspector, who will point out potential trouble
areas. If the inspection does turn up some flaws, a
seller is often willing to make repairs or some other
consideration. Get the inspection report in writing. You
can add a home inspection contingency to your purchase
agreement. This requires the seller to make legitimate
repairs - or if the seller is unwilling to do so, it
allows you to cancel your agreement. An inspection may
cost a few hundred dollars, but it can save you time and
headaches in the long run.
- The day before or shortly prior to closing (but
usually after the seller has vacated), your Agent will
accompany you on an appointment to inspect that the
property is in the same condition or promised condition
as stated in the contract. Be sure to check appliances
and the removal of personal property, and that the
premises are clean.
- At any closing be sure to bring with you your
driver's license, your checkbook for any last minute
adjustments, and all funds discussed with your agent.
- The closing is ordinarily held at the office of the
lender. At the closing you will first sign all documents
necessary to complete the loan transaction. Thereafter,
you will sign all documents to convey the property to
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