BUYING A HOME
We will help you buy the home of your dreams in the place of your dreams, with trustworthy, professional support.
Buying a home is probably the biggest investment you will make. With long-term financial ramifications, the process calls for many informed decisions and for good advice from a real estate professional.
Our team offers each of our clients personalized services to fit your needs. You can save money, by allowing one of our agents to work on your behalf as you buy your first home, move your family on to new adventures, or downsize.
We offer all our clients
Property Search Support: Our team will discuss your particular criteria for a house and neighborhood, and then search for properties that fit those specifications. We will set appointments for showings and monitor the market as new listings become available. When you begin your search for your new home, you will have a customized portal that allows you to view each home as it comes on to the market.
Market Data: Market value is determined by many factors, including the availability of similar properties at competitive prices, location, condition, and most of all the price that a knowledgeable buyer is willing to pay. Our team will provide market data to help you establish an offering price.
Purchase Offer Support: There may be other considerations besides price that are equally important in structuring a purchase offer. The terms and conditions of the offer, amount of deposit and possession date are likely to be factors when an offer is made. Grand Properties Group will help in your preparation of a purchase offer and ensure you understand all components of that offer.
Negotiation and Advocacy: As your buyer's agent, a member of our team will work directly with the listing agent and sellers to ensure your needs are met and the transaction runs as seamlessly as possible. Grand Properties Group will help structure a negotiating strategy that will create the desired result, a new home
Transaction Management: A lot has to happen between signing the purchase offer and moving into a new house. Our Grand Properties Team will attend to the details and keep you in touch with the transaction each step of the way, while ensuring all the correct parties and professionals are informed and providing documentation in a timely fashion to ensure a seamless closing on your property.
Frequently Asked Questions
Are we in a sellers’ market?
Yes, because there are more buyers than homes available for those buyers.
Should I wait to buy a home or buy now?
There is no right/wrong or good/bad to buy a home.
Are there any advantages to buying?
Low-Interest rates – Today’s rates are at historical lows which means you will PAY LESS over the term of your loan and be able to buy MORE HOUSE for your dollars.
Great Appreciation – Today’s homes are appreciating at record rates thanks to high demand and low supply which means you can buy a home and have it worth more money than you paid within a few short months.
Great tax advantages – As a buyer today, you can write off ALL of your closing costs and prepaid taxes as well as mortgage interest throughout the year. ALSO your MIP (mortgage insurance premium) and PMI (Private Mortgage Insurance).
What happens if I overpay for a house?
It is impossible to overpay for a house when you have a bank involved in the financing. As a protection to themselves as well as the borrower, the bank will require an appraisal as a condition of the sale.
What is an appraisal?
An appraisal is a written estimate of a property’s market value based upon a market analysis of recent sales prices for similar properties in the area and the property’s physical condition.
What if I get into a bidding war?
It is fairly common in today’s market to be involved in a multiple offer situation, also known as a “bidding war”. There are several strategies to utilize depending on the situation. I craft an individualized strategy for each buyer and property to make sure that we are able to win the bidding war while protecting my client from OVERPAYING in the process.
What is an FHA loan?
An FHA loan is a mortgage insured by the Federal Housing Administration. Borrowers with FHA loans pay for mortgage insurance, which protects the lender from a loss if the borrower defaults on the loan. Minimum down payment requirement: 3.5% of purchase price down with up to 6% of your closing costs could be paid by the seller of your home.
What is a VA loan?
A VA loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). The loan may be issued by qualified lenders. The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry). Minimum down payment requirement: 0% of purchase price down with up to 6% of your closing costs could be paid by the seller of your home.
What is an RD (Rural Development) loan?
For eligible suburban and rural home buyers, it’s a 100%, no-money-down mortgage loan backed by the U.S. Department of Agriculture (USDA). The Rural Development loan’s full name is the USDA Rural Development Guaranteed Housing Loan. However, the program is more commonly known as a USDA loan. Minimum down payment requirement: 0% of purchase price down with up to 6% of your closing costs could be paid by the seller of your home.
What is a conventional loan?
A conventional loan is a mortgage that is not guaranteed or insured by any government agency, including the Federal Housing Administration (FHA), the Farmers Home Administration (FmHA) and the Department of Veterans Affairs (VA). It is typically fixed in its terms and rate. Minimum down payment requirement: Can vary between 5-20% of purchase price down with 3% of your closing costs allowable to be paid by the seller.
What are closing costs?
Typically, homebuyers will pay between about 2-4% of the purchase price of their home in closing fees. So, if your home costs $150,000, you might pay between $3,000 and $6,000 in closing costs. On average, buyers pay roughly $3,000 in closing fees. This includes loan, origination, title insurance and other misc. fees.