Thank you for choosing Segway Group. Please enter your code to view the step-by-step information exclusive to Segway Group clients on what to expect in the home buying process .
WITH A SEGWAY BUYER’S AGENT ON YOUR SIDE,YOU ARE RECEIVING THE SUPPORT OF AN EXPERIENCED REAL ESTATE EXPERT.
A Buyer’s Agent is a real estate professional who represents buyers. Some buyer’s agents exclusively represent buyers.
What are some of the advantages of working with an agent who primarily represents buyers?
The Buying Process
FIND A BUYER’S AGENT
Research credentials & experience
Attend initial buyer meeting
Make sure you get along … you’ll spend a lot of time with your agent!
FIND A LENDER & GET
Ask trusted sources and your agent for lender recommendations
Get pre-approved so you will know your budget
Provide a pre-approval letter via email
FIND “THE ONE” & MAKE AN OFFER
Look at homes that you and your agent feel are right for you
Once you find the perfect home, your agent will write an offer based on what you have discussed
Your agent will negotiate the offer on your behalf
Your offer will be accepted, countered, or rejected
You’re Under Contact
Your agent will send you the fully executed contract upon receiving it from seller’s agent
You will submit your escrow deposit, usually within 3 days
Your agent or your agent’s transaction coordinator will arrange for inspections and reach out to your lender
Typically a 15-day period to inspect the home
Inspections may include: general, wood destroying organisms, septic, well, and pool
Inspections can cost you anywhere from $500 – $1500, and MUST be paid for at time of the inspection or inspector won’t release the report
Agent negotiates repairs
APPRAISAL & SURVEY
You and/or your lender will want to ensure that the home appraises for the purchase price
If the appraisal comes back below value, your agent will discuss a price adjustment with the listing agent
If no prior survey exists, you will want to get one to know your property line and ensure that there are no encroachments
YOUR LOAN IS APPROVED!
Depending on your lender and your personal circumstances, this can take anywhere from 30-60 days
You are now ready to close in a few days
Loan commitment is usually when everyone lets out a deep sigh of relief—you’re almost there!
If you are a cash buyer, then the time between the appraisal and survey (if you request them) and closing can be much shorter, sometimes as short as a few days.
TIME TO GET INSURANCE
You’ll need insurance for your home
Your agent can provide insurer recommendations
You will need to have insurance in place before you close
Note for us here in Florida during storm season: if a named storm is nearby, then you cannot obtain insurance, so make sure you get it ASAP if you think that’s about to happen
FINAL WALK-THROUGH BEFORE CLOSING
Usually done with your agent on closing day or the day before
Purpose is to ensure that all requested repairs have been made and the home is move-in ready
CLOSING TIME. You’re a homeowner!
Make sure you have your legal ID
You’ll probably sign all of the documents at the closing agent’s office
There will be a lot of paperwork, so don’t be alarmed by the stack
Once you’ve signed and the seller’s bank receives the money, then you’ll get the keys to your new home. Congratulations!
We are eager to answer your questions and provide support whenever you may need it.
Please do not hesitate to us should at any time should you have questions.
7584 NW 4th Blvd