
Find your Home!
We might be biased but we think the pacific northwest makes a great place to call home! But where do you start?
This is one of the biggest decisions of your life and there are many questions, terms, and legalities that might be new to you. A real estate broker is a huge asset as you go through the home-buying process. We're here working with your best interests in mind and we will help guide you through
all the stages of home buying! Together, we will go above what is required and find creative, fair options and negotiate successfully.
Real Estate Terms
01.
Pre-Approval
A pre-approval is the first step to obtaining a mortgage to purchase your home. The lender/banker will perform an analysis on your income, debt, and credit-worthiness. You will need this in order to be ready to put an offer on a house.
02.
Offer
An offer is a preliminary agreement to purchase a home, and is set between a buyer and a seller.
03.
Title Search
A title search will confirm that the property that is being sold in fact belongs to the seller and there are no encumbrances.
04.
Appraisal
An appraisal is the value that is assigned to the property based on an assessment of the home, current market, neighborhood, condition, and more.
05.
Contingency
A contingency related to a property is when the preliminary offer is accepted, pending certain conditions set out by you.
06.
Home
Inspection
A home inspection is an official review of the real estate asset's current condition. They will help to determine if there is any work needed to be done to the property before you take owner ship
07.
Closing
Cost
The closing cost is the amount that is paid, in addition to the sale price. This can include: taxes, insurance and lender expenses.
08.
Disclosures
The disclosures related to a property will include everything that the sellers know about the property, including any areas that need repairs.
09.
Earnest
Money
Earnest money is the balance of funds that are set aside into a trust or an escrow account showing the buyer is serious about the purchase.
10.
Closing
The closing part of the real estate sale is when the money and keys are exchanged.