Buying a home is one of the biggest decisions you will make in your lifetime. That is why it is essential to choose a trusted real estate agent who can walk you through this journey to success.
Joan Garfield and Leslie Davidson will become your advocates, your real estate experts. They will work with you to find the right home, in the right Cleveland neighborhood. And by working with professionals who know the ins and outs of the real estate industry, you’ll not only end up with a great home, but you’ll also walk away with a great experience.
Here are some of the key areas that Joan and Leslie can help you with:
Start with Your Budget
You will need to determine how much house you can afford. You can start with an online calculator, but for a more accurate figure, ask to be pre-approved by a lender, who will look at your income, debt, and credit to determine the kind of loan that is within your affordability. The rule of thumb is to aim for a home that costs about two and a half times you gross annual income.
Choosing a home
For most buyers, choosing a home is an emotional process. Joan Garfield and Leslie Davidson can assist you in this process by offering objective information about each property you look at. From local community information like schools and zoning to home-specific details like condition and amenities, Joan and Leslie can help you find exactly what you’re looking for.
Making an offer
Once you’ve found the home of your dreams, you want to move quickly to make your offer. Joan Garfield and Leslie Davidson will research recent comparable sales of similar homes in the area to help determine a fair selling price. Based on those comparable sales, as well as other factors like inspections and repairs, Joan and Leslie will then help you structure an offer and negotiate to get the very best deal possible.
Joan Garfield and Leslie Davidson can review your legal documents to make sure the terms of the contract protect your best interest. Joan and Leslie will make sure the sale is contingent upon obtaining financing, a home inspection that shows no significant defects, and a guarantee that you can conduct a walk thru inspection 24 hours before closing as well as any other conditions that might be part of the contract.
Secure a Loan
Now call your mortgage broker or lender. You will need to decide whether to go with a fixed rate or adjustable rate mortgage, whether to pay points, how much of a down payment you want to pay and the length of the mortgage. Typically buyers will choose to go with a 15 or 30 year loan.
Get an Inspection
Joan Garfield and Leslie Davidson can assist you in arranging for a qualified and proven local home inspector to inspect the home. An inspection typically costs between $350 and $500 and more for larger homes. An inspection can take three hours or more depending on the size of the home.
Three days before the actual closing, you will receive a settlement statement from your lender outlining all the charges you can expect to pay at closing. Joan Garfield and Leslie Davidson can walk you through this important process step by step, explaining line by line. In Cleveland, the escrow or title company handles the actual closing process. Joan and Leslie can help ensure that everything goes smoothly.
You own a new home!