Buying a Home With Morgan Hawes

The investment, journey and rewards of homeownership!

NO. 1

The Buyer’s Timeline

1. Pre‑qual: Time to work with a local mortgage broker to understand your finances and loan options. 💸

2. Home Search: We can begin searching for neighborhoods and homes matching your needs and lifestyle. 🔎

3. Offer: You've found a home you can see yourself in and we write up an offer! 🖊

4. Acceptance: Now comes the "due diligence" phase including: the inspection, title search, additional negotiation, loan processing, and appraisal. 🔎

5. Closing: Congratulations! You're now a homeowner! 🥳🥳🥳

NO. 2

Pre‑Qualification

The first step is to get you pre‑qualified or pre-approved by a local mortgage broker. ✅

This provides the mortgage amount and interest rate the lender expects the buyer to be approved for based on the information provided. And is completely FREE.💰

A pre‑approval takes this a step further with more upfront information and helps the buyers chances of having their offer accepted in a seller’s market.💰💰

With this info, you can start a home search with your REALTOR@ knowing exactly what you can afford. 🙌🏼

NO. 3

Home Search

Now that we know your maximum purchasing power, we can start narrowing the home search.

Are you looking for a townhome or condo or do you want a house with a private yard? 🏡

How many bedrooms and bathrooms? 🛌 🛀

Do you want a pool or space to build one in the future? 🏊‍♀️

Do you want a fixer upper or something that has already been done for you? 🔨

Once you’re out in the field you can start tailoring this search further.

NO. 4

The Offer

We've been searching and searching and now you think you've found the one. It's time to write up an offer. ✍🏼

We will dive into the specific property and the neighborhood for recent comparable sales to come up with a strong offer strategy. 📊

Once agreed upon and signed, we will submit an offer along with your prequalification or pre‑approval letter to the seller’s agent. ✅

The seller can then accept, counter, or decline the offer. It's important to make a strong offer on the first go around. 💪🏻

NO. 5

Offer Acceptance and The Closing Process

The seller accepted your offer and we are officially under contract!

The closing process with a loan typically takes 30 days in which we conduct our due diligence...aka homework on the property to shed light on any and all conditions that may affect your decision to continue with the home purchase.

This includes:

1. Earnest Money 💵

2. Inspections 📋

3. Title Search 🔎

4. Loan Processing 💰

6. Appraisal 📈

NO. 6

Closing Day

We made it! 🥳🥳🥳

Now we meet at the Title Office to:

1. Sign and record all closing documents ✍🏼

2. Submit the downpayment, closing costs, loan amount, and any other funds required💰

Once the instructions from all parties have been executed, required funds receipted, documents recorded, funds dispersed, and title insurance issued, the keys can be exchanged! 🔑

And congratulations are in order!🍾🥂