One Team. One Name. One Goal. Yours.

Buying a home is no small task.  Besides being the largest financial transaction you may ever undertake, it is also the most complex.  There are many good reasons to work with a qualified Maryland Real Estate Agent —especially a trained professional who has earned the Accredited Buyer’s Representative (ABR®) designation, representing best-in-class buyer services.

The buyer’s agent you choose should be enthusiastic about working with you, and should be an expert in the area and type of home you are interested in.  Select an agent who understands your needs and one with whom you can build a partnership.  The Creig Northrop Team provides specialists in various fields and each agent offers a high-level of expertise.

Will you have to pay for a buyer’s agent?  Not usually.  In most cases, the buyer’s agent shares the sales commission with the seller’s agent and you do not pay any commission.  To be sure, pay close attention to the Buyer Agency Agreement you sign with the Real Estate Agent you select.

The Purchase Process

How can you determine your budget?  

Talk to a reputable and responsive lender to identify your budget so that you can be prepared to act quickly once you find your dream home.  Take into consideration additional expenses such as taxes, insurance, utilities, condo or HOA fees when creating your monthly budget.  Remember…do not make any large purchases (cars, etc.) while you are in the loan process.  Purchases such as these can affect you and your loan qualification dramatically.  Click here to find out how to choose a qualified mortgage advisor.

Identify what you want in a home.

 Do some research of your own online to see if you can identify what you like.  Think about your lifestyle…and identify which specific factors will influence you:

  • Type of home
  • Type of community
  • Number of bedrooms & bathrooms
  • Parking
  • Schools
  • Commute time

Once you know what you want.

Work together with your buyer’s agent to assemble a list of the top homes to visit and your agent will schedule the showings.  This will be the most exciting part.  Your agent will provide you with a printed overview of the homes, but be sure to take your own notes of the home’s positive and negative qualities.  It is amazing how quickly you will forget these details once you start seeing multiple homes.

If you find a few houses you like, return back for a second or third showing during a different time of day. This extra effort will be worth it as you will be able to experience the home and neighborhood better especially when making such a long-term investment.

Making an offer.

Once you find the home you want, you will work with your real estate agent to make an offer. The list price will be a key indicator of the home’s value, but your agent will also pull a market analysis to ensure that the list price matches comparable homes in the area that have recently sold.  Depending on the home and the inventory, be prepared for a potential bidding war. Your agent will hopefully be informed if there is additional interest so that you can put forth your best offer.

Your contract was accepted.

Once your contract has been accepted, you will proceed thru the next critical stages which include inspections, the appraisal, and final loan commitment.  Your real estate agent will be with you every step of the way making sure that all of the fine details are being taken care of.

Time for settlement.

If everything goes as planned, then you will be ready for settlement. You will have selected a title company by this point and you should plan to spend at least an hour or more at the settlement table reviewing all of the documents, signing, and then at the end…acquiring the keys to your new home!

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