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A Guide to Home Buying 

We have a team of professionals available to you for pre-qualification, touring homes, finding the home that is the right fit for you, providing market analysis, strategizing to get your offer accepted,  negotiating on your behalf and taking you through the steps from contract to closing!

Pre-Qualification 

Men with Calculator

Selecting Your Team of Agents 

Searching For & Touring Homes

  • Discuss your financing goals with us & we will connect you with recommended lenders for your specific needs.

  • Fill out a no cost, no obligation application to learn more about your financing options.

  • Finalize the pre-approval process with your lender and share your pre-approval letter with us.

  • Determine your lender of choice and get fully pre-approved rather than just pre-qualified before touring homes.

  • We will walk you through the home buying process, share more about our team & how we work, educate you on what to expect & the current state of the market.

  • We will make connections for you with all of our resources.

  • We will gather your home search criteria & set up a home purchase search. 

  • You sign on to allow us to work on your behalf as your team of agents.

  • Your Home Search will be set up on Realscout

  • Real estate sites including MLS, Zillow.com, Realtor.com, etc. all funnel into Realscout so you will see all homes that fit your criteria from one site. Realscout updates regularly, and the others do not, causing them to have inaccurate information.

  • Right Fit Realty's team of agents & showing specialists will tour homes with you.

Offering on a Home

  • Pre-approval letter from your lender.

  • Contract and addenda.

  • Picture of your Earnest Money Deposit check 

  • We will contact the listing agent and find out how they plan to handle reviewing offers on each listing.

  • We will provide you with a suggested offer. We look at comps and provide you with a link to them. We will take comps, days on market, the listing agent's offer review strategy, the offer competition and your level of interest into consideration when suggesting an offer for you.

Inspections

Architects at Work

There are 4 types of inspections we can choose from. Our job is to provide information and allow you to make educated decisions.

1. Inspection with the option to ask for repairs

2. Home Inspection with option to void only

3. Inspection for information only

4. Pre-offer inspection 

 

Other inspections:

1. Radon inspection:

2. Termite inspection:

3. Septic and well inspection (if applicable)

4. Lead-based paint (properties built prior to 1978) 

5. Any other inspections you would like to have, please let us know.

Appraisal

Checking the Tiles

Standard appraisal contingency

  • The appraiser assesses the value of the home

  • If the appraisal comes in lower than the contract price, the seller has to lower the price to that number or you can back out.

  • If the appraisal comes in higher or at the value of the contract price, we move forward and this contingency is cleared.

Guaranteeing over the appraised value

  • In a competitive market, you can make your offer stronger by guaranteeing that you will pay a certain amount over the appraised value.

  • This ensures that you will bring more money to the settlement table to make up the difference between the contract price and the appraised value.

HOA/Condo Packet Review (if applicable)

Financing Contingency

Final Walk-Through

  • It will be delivered to your email between the date we go under contract and closing.

  • You have 3 days to review the information and determine if you will move forward based on the information you have reviewed.

  • You can ask questions about the documents, however the three days clock ends at 9 pm on the 3rd day following when you receive them, either way.

  • If you don't want to move forward based on these documents, you inform us prior to the deadline so that we can prepare notice to void the contract.

  • Protects your ability to purchase the home.

  • It is important to be thorough on the information you provide to the lender.

  • It is important to have a lender that is very thorough in collecting your total financial picture.

  • There are unforeseen things that can come up as the lender moves things through underwriting. For example, the lender could find something that would make it impossible for you to close, like a tax lien you didn't know about that you can't pay off or that the IRS can't do in time for settlement, etc.

  • It's wise to have this contingency in place.

  • If you change lenders or your loan in the process, the seller needs to sign off on it to keep your financing contingency.

  • Confirm all inspection items have been completed.

  • View the home one more time before settlement to confirm it is in the same condition before signing.

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Settlement

Signing Contract

  • Bring your ID

  • Bring your certified check or have your wire transfer set up.

  • Review numbers & paperwork.

  • Sign settlement documents.

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Home Ownership

  • After closing, we are here for any home questions.

  • We have a trusted and vetted list of contractors to share.

  • We will contribute to a housewarming party for your friends & family to properly celebrate & warm your new home!

CONTACT US

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team@rightfitrealty.org

Direct: 571-239-0333

Office Main: 703-224-6000

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