Let's start with the Buying Process!
Here is what First and Next-time Buyers need to know about in their real estate search:
1) Hire a Real Estate Brokerage and Salesperson to explain and help you manage the Buying Process
2) Have the Real Estate Salesperson qualify your real estate needs
3) Initiate Mortgage prequalification process and ask about financial obligations and available incentives and credits/rebates for Buyers
4) Hire a Lawyer to handle the Closing...including the title and the closing costs
5) Have the Real Estate Salesperson show properties Listed on MLS that match your real estate needs
6) Select the property that best fits your defined needs
7) Have the Real Estate Salesperson prepare, present and negotiate "your signed Offer" even in a multiple offers situation...via the Agreement of Purchase and Sale... that best meets your needs
8) Have the Real Estate Salesperson help you manage the Closing process with your Home Inspector, your Mortgage Broker and your Lawyer, as applicable
9) Complete final follow-up activities as related to buying your property/home...e.g. contacting the utilities, movers, post office, etc.
10) Check your property/home on move-in day based on the Agreement of Purchase and Sale...
and Enjoy your home!
The commonly-used real estate forms available for download below offer clause-by-clause plain language explanations of the legal terminology used throughout them. Understanding what you are signing is essential to having a successful transaction.