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Home ยป The Buying Process

The Buying Process

We know the home buying process can be stressful and sometimes complicated, but it is our mission to make the process smooth and efficient by offering concierge-level service from beginning to end.

We’ve tried to highlight answers to some of the most frequently asked questions you might have about buying a home with our team.

Commission:
The #1 question on everyone’s mind! Sellers pay commission for both the listing and buyer’s agent, the only fee for using an agent on our team is the Broker Fee of $345 paid by the buyer to Long & Foster to cover investments like software, equipment, and training for agents and personnel.

Our Responsibilities:
Our team uses our professional knowledge and skills to help you find a property that meets your needs, and successfully assist you through the purchase process.

Buyer’s responsibilities:
We ask that you work with us exclusively during the term of our Buyer Agency Agreement. We commit our whole selves into helping you find a home and we would appreciate that level of commitment on the other side as well.

We also ask that you provide a pre-qualification letter from your lender so that we are all on the same page about your budget. Need help with pre-qualification? See our suggested lenders here.

The Process:
Once we sit down and discuss your criteria, budget and goals for your home purchase, we will set up an autosearch that is delivered to you daily with new homes that may fit what you’re looking for. We also have a number of resources to gather off-market opportunities that may not be available for the general public.

We then set up a time to preview properties from that list. We also ask you to explore neighborhoods of interest and visit listings that have open houses.

Once you find the home you’re looking for, we discuss terms of an offer and fully go over the contract and what each paragraph entails so you are fully knowledgeable about what you are committing to. Some terms include:

  • Price
  • Escalation Clause
  • Earnest Money Deposit (EMD)
  • Down Payment
  • Financing Contingency
  • Home Inspection Contingency
  • Radon Contingency
  • Appraisal Contingency
  • Seller Credit
  • Settlement Date and Company

Once you have made your final decision on terms, we’ll put together the offer and send your way through a quick and easy signing system called Docusign. Docusign allows you to review the final offer and sign electronically. No scanning, faxing necessary!

There may be some negotiation back and forth, but if your offer is accepted, we move forward with the “Contract to Close” portion of the transaction.