Understanding the process of purchasing real estate can be challenging because the real estate industry, like many industries, is constantly changing. Whether you are purchasing your first home or are a seasoned buyer, working with a knowledgeable professional is essential for a successful purchase. Our team is here to walk you through the buying process from beginning to end.
Before searching for homes it is important to understand how your current situation will effect your purchasing process. Below are a few questions you should ask yourself before getting started:
Getting pre-qualified and working with a Mortgage Professional before starting your home search, will allow you to answer the following questions:
Why Getting Pre-Qualified Benefits You
Determine the desired specifications of your new home:
After establishing your new home requirements, it is time to start viewing homes online and in person. It is important to have a plan on how and when you will be viewing properties. The best homes sell quickly, having a plan is key.
1. What is earnest money?
Earnest money or a good faith deposit is deposited with the escrow/title company then credited back to the buyer at closing. Earnest money is used to show the buyers seriousness and commitment to completing the sale.
2. When do we order inspections?
Before we submit our offer, we will discuss the different inspection options available to you. Our team will order your requested inspections immediately after our offer has been accepted by the seller. Each contract includes a specified inspection period. A representative from our team will attend your Full Home Inspection (most common inspection), then personally discuss the results with you.
3. How long does the sales process take?
On average, the sales process takes anywhere between 35-45 days.
Once your offer is accepted, earnest money has been delivered to the title company and we have notified your lender, your transaction will be sent to our transaction management department. We will make sure all documents are delivered/sent on time, we are in compliance with New Mexico State Law and you are updated as your transaction progresses. Our goal is to ensure you receive highest level of professional real estate services and enjoy a smooth transaction.
How we help you move: