BAY AREA HOME BUYING PROCESS
The purpose of doing Pre-Approval is to know if you can get a loan, how much you can borrow, and what price house you can buy.
There will be a detailed interview before the official purchase of the house. According to the client's budget and needs, determine the appropriate housing area and room type.
The most commonly used listing software is Redfin, and some people like to use Zillow. Screen the houses that meet the needs of customers.
After determining the house that the customer is interested in, they will accompany them to see the house.
We can get the price at which the house may be sold, and ensure that 100% of customers get the house, and the offer hit rate reaches 90%!
Once the seller accepts our offer and the house enters the Pending state, the seller will give the buyer a certain period of Closing, which is for the buyer to pay the deposit, loan, house inspection, etc.
You can find several banks to ask about interest rates, and banks can match interest rates with each other.
If the customer is not at ease with the home inspection report provided by Seller at that time, he can spend a few hundred dollars to hire someone to do the inspection.
After the bank has finally decided that the loan has been approved, all loan documents will be mailed to Escrow. Escrow will then notify the buyer to sign the loan documents and the seller to sign the transfer of title. The signed document will be sent back to the bank, at which time the bank will start lending. After Escrow receives the bank loan, he will go to County to register the property transfer of the house. After the property transfer is registered, it means that the house transfer is completed, and we can go to collect the keys.
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