Real Estate
Purchasing or Selling your home may be one of the most serious decisions in your life, but we will hold your hand throughout the whole process.
Step One
Pre-qualification of Mortgage
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Find a loan company or bank that works for you.
Prepare your tax history, income, credit, and other assets
to consider how much loan you would be pre-approved for.
Step Two
Offer and Acceptance
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It is recommended that you hire a real estate agent and show them your list of requirements for your dream home.
Once you have set your eyes on your dream home, your agent will present the offer to the seller. When that offer is accepted, an offer letter (Deal Sheet/Binder) will be sent to both the seller's and buyer’s attorney.
The seller's attorney will then draft the official Contract for the buyer's attorney to review.
Once all terms are agreed upon, parties will sign the contract, and buyer will put down a contract deposit to be held by the Seller's attorney
Step Three
Mortgage and Title Insurance
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Now you are ready to officially apply for your mortgage, this process normally takes anywhere between 60-90 days.
If you are a cash buyer, then this step is skipped.
The Buyer's attorney will order a title search on behalf of the buyer, the buyer will then purchase a title policy to protect its future interest in the property.
Step Four
Condo/ Co-op
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If you’re purchasing a Condo or a Co-op, you would have to submit a board package.
Different boards have different requirements, but these requirements usually include the buyer’s financials and credit.
Co-ops usually have a stricter standard in comparison to Condos.
Step Five
Closing
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After all the steps above had been completed, all parties
will schedule a time for the closing.
Closing usually takes anywhere between 1 to 3 hours.