Purchasing Your Dream Home
The Home Buying Process
Let the True North Group guide you through the journey!
Download a copy of our Buyer's Guide for detailed information on the home-buying process.
Whether you're buying your first home, dream home, or tenth investment property, buying real estate is a major decision, and who you choose to work with is important. Working with the right advisor ensures that you will find the perfect property for your unique circumstances – someone who takes the time to understand your goals, knows the market, negotiates, and educates you throughout the buying experience.
The True North Group will work with you throughout your entire home-buying journey including: Planning, Get Pre-Approved, Touring Homes, Making an Offer, Getting a Home Inspection, Getting a Home Appraisal, and Getting the Clear to Close.
1. Game Planning
Tell us all about YOU! We want to learn about you, your family, your lifestyle, your wish list, and everything that you envision in your new home!
We
want to know factors such as your desired location, neighborhoods,
number of bedrooms and bathrooms, school zones, community amenities,
fenced-in yard, lot sizes, and price. We know every neighborhood in the
area and will provide you with a shortcut by recommending the top
neighborhoods based on your needs and priorities. True North advisors
have your best interest at heart and are as committed to your goals as
you are.
You can feel confident and well-informed that you have
world-class advisors on your side to guide and lead you through the
entire process.
2. Get Pre-Approved
A Pre-Approval letter provides price guidance, estimated payments, and closing costs. A lender will review your finances to determine what you are comfortable with.
Learn more3. Tour Homes
Based on our "Game Plan" session, we will send you properties SPECIFIC to the features and specifications you need in a home and eliminate any homes that don't fit.
Select and Schedule Properties to Tour
Mark the properties you'd like to tour and we will schedule tours based on your availability. Our team will conduct due diligence and bring our findings to the showings.
Home Showings
The Fun Part! We tour homes together and get your feedback on what you like or don't like. We will point out the pros and cons of each home and provide you with findings from our due diligence.
4. Make an Offer
Once we’ve found the property you love, we will work together to submit an offer based on market conditions, comparable sales, and data. We will custom-tailor the offer to YOU and include contingencies and any other terms and conditions you may want to include.
5. Get a Home Inspection
During the inspection, the inspector will evaluate the home's electrical, plumbing, HVAC, Roof (4 point), foundation, and overall structural integrity. The inspector will also look for evidence of water damage, pest infestations, and other potential issues.
The inspector will provide a detailed report outlining any issues that they identified. This report can be used to negotiate with the seller for repairs or to adjust the purchase price.
During the inspection period, you can cancel the contract for any reason and keep your escrow money deposit.
6. Get a Home Appraisal
The appraiser will consider various factors such as the home's size, location, condition, and comparable sales in the area. They will then provide an estimated value of the property based on their analysis.
Your lender will order an appraisal for you. The appraiser is a licensed professional that helps underwrite the market value of your home and gives you confidence that you’re getting a great deal.
7. Clear to Close
Congratulations! You are clear to close on your new home.
Review the Closing Disclosure
A few days before the closing, you will receive a closing disclosure from your lender that outlines the final details of your loan, including the loan terms, interest rate, and closing costs. Your advisor will review this with you carefully to make sure everything is accurate.
Conduct a Final Walk-Through
Before closing, your advisor will conduct a final walk-through of the property with you to ensure that any repairs or requested changes have been made and the property is in the same condition as when you made your offer.
Sign Closing Documents
You will meet with your advisor at the title company to review and sign documents to transfer the ownership of the property to you, including the mortgage note, the deed of trust, and the settlement statement.
Wire the Balance to Close
The balance to close will include your down payment, closing costs, appraisal fee, title insurance, homeowner’s insurance, and other charges.
divider text
