Plan of Action

Steps we take to help you purchase a home:

1. Initial Consultation
Once we establish your needs, we will provide guidance to financial institutions in order to locate the best financing available for your requirements.

2. Identify Property to Buy
We will show you properties based upon the criteria that we establish. The more precise and direct you are with us, the more successful our search will be.

3. Determine Seller’s Motivation
Once you have found the home that you wish to purchase, we will conduct the crucial research to help you structure an effective offer.

4. Write an Offer to Purchase
We will draft the Purchase Agreement for you, advising you on protective contingencies, customary practices, local regulations and REO procedures, if necessary. At this time you will need to provide an “earnest money” deposit, usually from 1% to 5% of the purchase price (the deposit is not cashed until your offer has been accepted by the Seller). We will also draft a letter to “present” you to the Seller and Seller’s agent.

5. Presentation of Offer
We will present your offer to the Seller and the Seller’s agent. The Seller has three options: they can accept the offer, counter the offer, or reject the offer.

6. Seller’s Response
We will review the Seller’s response with you. Our negotiating skills and knowledge will ensure you reach a final agreement with the best price and conditions.

7. Open Escrow
When the Purchase Agreement is accepted and signed by all parties, we will open escrow for you. At this time your earnest money will be deposited. The escrow will receive, hold and disburse all funds associated with your transaction.

8. Contingency Period
This is the time allowed per your Purchase Agreement to obtain financing, perform inspections, and satisfy any other contingencies to which your purchase is subject. Typical contingencies include:

  • Approval of the Seller’s Transfer Disclosure Statement
  • Approval of the Preliminary Report from the Title Company
  • Loan approval, including an appraisal of the property
  • Physical inspections of the property
  • Pest inspection and certification

9. Down Payment Funds
You will need a cashier’s check or money transfer several days prior to the closing date of escrow.

10. Close Escrow
When all of the conditions of the Purchase Agreement have been met, you will sign your loan documents and closing papers. You will deposit the balance of your down payment and closing costs into escrow and your lender will deposit the balance of the purchase price. The Deed will then be recorded at the County Recorder’s Office and you will take ownership of your home. We will also make sure to coordinate between your Insurance Agent and the Escrow Officer to make sure your Homeowner’s Insurance Policy and Home Warranty are in effect at close of escrow.