At RDCM Homes, a Division of Golston Real Estate Inc., we strive to provide our clients with unparalleled service to make the process of finding and buying a home as stress-free and enjoyable as possible. We recognize that proper organization, follow-up and communication are the key elements of a quality transaction. To that end, we provide our buyers with an array of resources to help simplify the process and assist clients in remaining informed as the transaction progresses.
The Buying Process: Phase 1
Once buyers have chosen to have RDCM Homes, a Division of Golston Real Estate Inc., represent them in the transaction and have signed a buyer representation agreement, the next important step in the process, unless you are planning to purchase a home in cash, is to secure a lender and receive documentation of pre-qualification from the lender. We will be happy to assist you in securing a professional, knowledgeable, ethical lender. The pre-qualification statement provides the buyer with a basis from which to begin establishing home search criteria by providing a dollar figure on the amount of mortgage loan for which a buyer qualifies. With that figure in mind, your agent will meet with you to discuss additional criteria before beginning the home search process.
The Buying Process: Phase 2
It is useful to think of these additional criteria in terms of three categories: (1) must-have, (2) good to have, but not required, and (3) do not want to have. These categories are broad and flexible enough to accommodate an array of buyer preferences and lifestyles. One buyer may, for example, place a particular location in the “must-have” category and may not be overly concerned about the type of house he or she purchases, as long as the home is located in the specified area. By contrast, another buyer may place the type of home in the “must-have” category and may not be particularly concerned about the exact location of the home, as long as it is located in a general region the buyer has specified. As these examples demonstrate, the categories provide a general framework for identifying buyer needs and desires, which assists the agent in helping you find appropriate homes for consideration. At RDCM Homes, a Division of Golston Real Estate Inc., we recognize that some clients prefer to personally search the MLS and offers clients a unique feature that allows them to do just that, with the option of receiving updates when homes matching specific criteria come onto the market.
The Buying Process: Phase 3
Once the search and relevant research has been conducted, a list of potential homes which appear to meet the buyer’s criteria are visited. After buyers have identified a home they wish to purchase, an offer is drafted and submitted to the seller’s agent. Negotiations follow if the submission of the offer is not immediately accepted by the sellers. We will explain and assist you with the completion of the paperwork required for making an offer and will negotiate with the seller’s agent on your behalf.
Upon the seller’s acceptance of an offer, numerous property inspections are ordered, as well as a survey of the property. The title company executes a title search to ensure the title is free from outstanding liens, and the lender begins preparing documents in conjunction with the title company for the settlement. We manage and coordinate all of these processes on your behalf and inform you as each phase has been completed. Settlement is scheduled once all outstanding contingencies have been satisfied, at which time the transaction has been completed.
Evaluating Potential Homes: The Buyers’ Scorecard
Some buyers find it useful to jot down their thought and impression of properties right after they have viewed them so that they can easily recall features of properties during their final decision-making process. RDCM Homes, a Division of Golston Real Estate Inc., has created a proprietary worksheet to assist buyers in organizing their thoughts and impressions of properties to facilitate comparison of properties.
Buyers’ Expenses: Part 1
For many people, buying a home instead of renting has significant advantages. To name a few common examples, home owners can deduct mortgage interest paid each year on their federal tax return; money that would have been spent on rent is spent instead on building equity in a home, which stands to increase in value over the life of the mortgage and beyond; finally, homeowners have the satisfaction of knowing that their home is their own. Despite these notable advantages, there are some initial expenses associated with buying a home for which the buyer should be prepared. We help you identify and track these expenses, which vary depending upon the specific jurisdiction, the lender, and the providers selected for the various inspections and services required when purchasing a home, so it is important to ask questions to the responsible party to ensure you receive accurate information and estimations of expenses.
Buyers’ Expenses: Part 2
To help give you an idea of the types of expenses generally associated with a real estate transaction and/or an idea of the size/type of loan in your comfort range, please feel free to use our mortgage calculator below and visit the link below for the settlement charges calculator to give you an example of the types of charges to expect. Please note that this is a presumed estimate only. This estimate will not include typical lender charges – Please contact a lending professional for an accurate estimate of those charges. Additionally, this estimate will not include any “miscellaneous” expenses, which may or may not include items such as: HOA (Home Owner’s Association) fees, HOI (Home Owner’s Insurance) fees, Appraisal fees, Home Inspection fees, Termite/Pest Inspection fees, charge for a survey, pro-rated property taxes, an estimate of on-going utility expenses, etc. Please be cognizant of these types of expenses when estimating your budget either when initially purchasing a home and/or on a continual basis (such as for utilities). If you would like additional information, and/or more detail of such items, please feel free to contact us directly as we are always happy to help you an answer all of your questions!
Assisting Buyers Along The Way
RDCM Homes, a Division of Golston Real Estate Inc., Assists Buyers By:
- Providing education on the local market and general real estate trends, including market inventory.
- Providing a thorough consultation to gather buyers’ needs and desires, utilizing our proprietary Buyers’ Needs and Desires Worksheet
- Providing quantitative and qualitative analyses of the implications of local and general market trends for buyers.
- Conducting thorough research on properties matching buyers’ criteria.
- Providing buyers with specialty tools that provide:
- Real-time updates on properties matching their criteria as they enter the marketplace
- Real-time updates on specific properties buyers elect to track
- Search functionalities for buyers to conduct their own searches of the MRIS
- Maintaining lists of qualified professionals and networks in areas such as financing, property inspections, title work and general contractors.
- Providing guidance throughout the entire process – from first meeting to settlement.
- Tracking important dates, events and progress.
- Remaining communicative with the client throughout the process and responding promptly to client inquiries.
Cumulatively, we feel that our above methods help make the home buying process go as smoothly for you as possible and we look forward to assisting you meet your home ownership goals and dreams!
Please note that this is a presumed estimate only. This estimate will not include typical lender charges – Please contact a lending professional for an accurate estimate of those charges. Additionally, this estimate will not include any “miscellaneous” expenses, which may or may not include items such as: HOA (Home Owner’s Association) fees, HOI (Home Owner’s Insurance) fees, Appraisal fees, Home Inspection fees, Termite/Pest Inspection fees, charge for a survey, pro-rated property taxes, an estimate of on-going utility expenses, etc. Please be cognizant of these types of expenses when estimating your budget either when initially purchasing a home and/or on a continual basis (such as for utilities).