Buying your home can be a daunting task. My job is to make the process seamless so that you're able to make the best decisions for you in order to find the right home. I work with first-time homebuyers, clients relocating within or from outside of the USA, those trading up within our area, and more!
Sign up or contact me directly to receive more information about buying a home including a complimentary home buyer's packet.
Most home buyers need a mortgage loan to purchase a house and lenders use credit scores to determine whether to approve a loan. Obtain a copy of your current credit score to ensure there are no errors or problems. You can access your credit score through one of the three credit reporting companies - Equifax, Experian, or TransUnion.
You should also meet with a loan officer who will review your credit files and provide you with a pre-approval letter that lets sellers know that banks have determined that you're qualified for a mortgage.
Before you can find a house that is perfect for you and your family, you need to determine what your goals are and what you are looking for in a house. Make a list of benefits and requirements for your new home - make sure to keep pricing, location, size, and condition in mind. This will be helpful as we work together to find your home.
One of the most important steps to buying a home is to find a trustworthy buying agent to help you find a home and navigate the purchasing process. Working with a local broker is key to a successful journey. I know which streets are busier, which areas are closest to key points in town and most importantly the market values of homes. I enjoy connecting buyers with other clients who can offer a clear prospective on a certain neighborhood.
Once I've helped you find a home and you are ready to make an offer, we perform a comparative market analysis (CMA) so you know the market value of the house you want to purchase. We then submit a written offer to the listing agent who represents the seller with a first deposit check (usually $1,000). Any contingencies such as inspection and mortgage are included in this offer.
Once the initial offer has been accepted, we will find a qualified home inspector to complete a home inspection, which is generally done within 7-10 days of the accepted offer. The inspector determines if there are any physical, mechanical, or safety concerns with the house.
When you are satisfied with the home inspection, your real estate attorney will write up the Purchase and Sale Agreement (P&S). Your attorney will make sure there are provisions to protect your interests. The document is usually signed 2 weeks after an accepted offer and contains the closing date and the loan commitment deadline, which is the last day a buyer can withdraw from buying a home without putting the deposits at risk. At this time, a 5% deposit usually accompanies the signing of the P&S.
With a mortgage contingency a buyer typically has between 4-6 weeks to obtain a mortgage commitment. A mortgage commitment letter from a bank usually alerts all parties that the buyer is cleared to close on the home.
The closing is the actual date you take ownership of your new home. This typically occurs 60 days from the accepted offer and involves signing legal documents to ensure that both parties agree to the various payment requirements. Before the closing date you should complete a walkthrough of the house to make sure any repairs that needed to be made were successfully completed and that nothing unexpected has happened to the property.
When searching for a home you can consider me a member of your team. I work closely with all of my clients and walk them through the home buying process step by step in great detail. To get started with the home buying process please sign up or contact me today!
Presenting a Storybook stone-front Brook Cape sited on a lush 15,000 s.f. fully fenced lot with outdoor living areas and gardens galore! The South facing Entry Foyer lea...
Listing courtesy of Kerry Sullivan from William Raveis R.E. & Home Services
Picturesque English Colonial set in a peaceful, sought-after Wellesley Farms neighborhood within walking distance to commuter rail station and Lower Falls shops and resta...
Listing courtesy of Amy Caffrey from Pinnacle Residential
Opportunity knocks! Attention contractors, builders and do-it yourselfers! This spacious Mid-Century ranch built in1950 awaits your updates or take down and build your dr...
Listing courtesy of Kathy Kelley from Berkshire Hathaway HomeServices Town and Country Real Estate
Welcome to the new suburban luxury...Terrazza offers spacious, contemporary interiors in the heart of the jewel-box town center of Wellesley, and promises unparalleled so...
Listing courtesy of Janice Dumont from Advisors Living - New Developments
Opportunity knocks! Attention contractors, builders and do-it yourselfers! This spacious Mid-Century ranch awaits your updates and improvements. Very spacious room sizes,...
Listing courtesy of Kathy Kelley from Berkshire Hathaway HomeServices Town and Country Real Estate
Welcome to this beautiful 4 bedroom, 2.5 bath Multi Level home available for the first time in 50+ years. Situated on a splendid 17,854 square feet of land. Stylishly upd...
Listing courtesy of Rose Barron from Hammond Residential Real Estate
New Construction. On schedule to be complete mid July.
Listing courtesy of Derek Greene from The Greene Realty Group
Classic Brick Front Colonial with a circular drive on a cul-de-sac. This 5-bedroom home with three car garage offers an oversized kitchen with double islands and sunny br...
Listing courtesy of Chaplin Partners from Compass
New Construction, Scandinavian, Organic, Modern Masterpiece. Prime Golf Club location on ended way, privacy gate option. Set on over 2 acres with palatial back yard. This...
Listing courtesy of Chaplin Partners from Compass
A total renovation of one of Wellesley’s most loved historic homes in coveted College Heights offers stunning architectural details and a thoughtful floorplan around the ...
Listing courtesy of Donahue Maley and Burns Team from Compass
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
View a few of the beautiful homes featured this month at The Teri Adler Group.
Looking for the perfect home in the perfect location? Learn more about some of the local towns we serve below.