Buying Homes in Northern Virginia
This is our abbreviated process of finding you the home of your choice. We represent clients purchasing new homes through builder contracts, and clients purchasing homes through traditional sales on regional contracts. The links provided below include the complete process of purchasing homes.
Contact a mortgage loan officer.
Like any profession, experience, industry knowledge, and initiative counts when selecting loan officers. We recommend our clients work with lenders we feel are the best choice for conventional loans, loans insured by the Federal Housing Administration, and Department of Veterans Affairs. They will stop the guess-work through the loan process, and find the right loan program to match your needs in buying the biggest investment of your life. The clients we have referred to our trusted network of lenders have been happy with the outcome of their home loans. But it is ultimately the decision of each buyer to choose the mortgage company and lender they prefer to work with during the home buying process.
Finding your home of choice.
After your loan officer has established your comfortable qualifying loan amount, while solving credit issues affecting your mortgage rate, you are ready to begin the process of finding the home of your choice. It’s always smart to know your qualification range before searching for homes. We connect our clients to a direct feed with our multiple listing service (MLS). This service allows you to customize your search of homes you want to visit until finding the home of your choice. This approach simplifies communication between us while we work together to find houses matching your wish list. You mark the homes you want to see, we are notified of your choices, and we contact home owners to schedule viewings on your schedule.
Contract offers and contingencies.
After finding your home we work together to decide the right price through approved appraisals on nearby like properties, the strength of the market, existing inventory, condition of the home, and the right offering price. Contracts should always be contingent on the completion of home inspection items. The repairs should be completed by licensed contractors. The remaining contingencies are usually the appraisal and complete loan approval. The process of purchasing new homes is different. Builder contracts expect purchasers to waive the standard appraisal clause in regional contracts. This means if your new home does not meet the contract price the purchaser is required to make up the difference or face default and forfeiture of deposits.
After your loan is finalized it’s time to conduct a walk-through inspection to make sure home inspection items are finished and the house is ready to transfer title. This should be done after the home is empty of furnishings. If moving furniture causes damage before closing, the seller is required to make repairs before closing. If there is extensive damage, money for repairs are negotiated for repair costs.
After walk-through we meet with the title attorney assigned to closing and sign all closing documents to transfer title.
Buying a new home from a builder is much different from a traditional real estate transaction. Instead of one inspection (traditional transaction), buying a new home requires the purchaser to attend several inspections to protect their interests during the construction of a new home. New home inspections include site inspections, framing inspections, inspections before drywall (outlet locations and special wiring agreements), trade inspections, and walk-through inspections. If you hire us to represent you during the purchase of a new home, we are present during these inspections to make sure there are no contract discrepancies while your home is built. Dwayne Moyers has residential building experience and will walk your home every week while it is under construction. This will enable mistakes to be corrected before the next phase of construction.
We know regional and new home contracts, we have superior knowledge and experience of industry practices and negotiation tactics, and our connections to the best support professionals (mortgage lenders, contractors, home inspectors, title attorneys, etc.) in the real estate industry are reasons why we make the home buying process a stress-free transaction. Don’t purchase a home without a buyer’s agent. It’s a move that will save you money. Contact us to represent you as a purchaser of a new home in Northern Virginia. There are no fees for our services as a home buyer. We offer serious listing discounts for home owners who hire us to sell their homes, and represent them during the search and purchase of a home in Northern Virginia. We also provide brochures upon request for new home subdivisions.
These links have information and recommendations to help our clients find the home of their choice, and take the necessary steps to buy it.
- The Basic Steps of the Home Buying Process
- Northern Virginia Home Searches
- The Process of Obtaining a Mortgage
- The Disadvantages of Buying New Homes Without A Realtor
- The Purchase Process of Freddie Mac and Fannie Mae Foreclosures
- Choosing Home Inspectors in Northern Virginia
- Home Purchases After Credit Problems
- Improving Credit Scores
- Finding a Good Real Estate Agent
- Public Safety and Education Searches Before Buying a Home
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