The Buying Process

Congratulations! You’ve made the decision to buy a new home!

The first step - Meet your team of professionals

You will sit down with a Sales Associate and Loan Consultant to discuss your needs and inform you of all documentation needed to process your loan.  Once you have made the decision to move forward your Loan Consultant will work with you to get pre-qualified for a mortgage.  Please note the pre-approval is not a final loan commitment, the pre-approval letter will demonstrate your financial strength and ability to go through with the purchase when you are ready to make an offer.

The second step is home selection

Your Sales Associate will work with you to fully understand your requirements needed in your new home.   You will be setup on automatic email listings that will send you daily alerts of new homes in your designated areas.  Once you establish a list of homes you wish to see you and your Sales Associate will schedule a day and time convenient for you view each property.

Your agent can provide detailed information on any property currently listed for sale on the Multiple Listing Service.  Your Texas Premier Properties agent is the only resource you’ll need to help you find your new home.

The third step - You've found a home and you’re ready to make an offer!

You’ve decided on a home that works best for you and your family.  You will now meet with your Sales Associate of to discuss the following in order to submit your offer to the seller’s Sales Associate:

• Your intent to make an offer
• The amount you are willing to pay  
• Mortgage amount  
• Closing and occupancy dates  
• Contingencies (option period), such as obtaining a mortgage, home and pest inspections

The forth step - Waiting for acceptance

Your offer has been submitted.  Based on your terms negotiations may be necessary to reach an acceptable offer agreeable to both buyer and seller.  Because counter-offers are common (any change to your initial offer) therefore, it is very important to be readily available during the negotiations in the event changes are made and can be reviewed and responded to quickly.

The fifth step - You have an accepted offer!

Now you need to submit your earnest money to your Sales Associate based on the amount noted on your offer and payable to the title company designated by the seller and your option fee (if requested by seller).  These items will then need to be submitted to the seller’s agent along with any changes initialed on the sales contract.  Now you are in your option period, which gives you 3-10 days based on the sales contract to have the home inspected.  Based on the time allowed you must complete all inspections on time or risk losing your option fee and/or earnest money if you decide not to move forward.  Timing is critical at this stage!

The sixth step – Processing your loan

The home inspection was acceptable to you and now your team is ready to go to work for you.  Your Loan Consultant will start processing your loan, order your appraisal, survey (if the seller does not have an existing survey) and request title work.  Once you have final loan approval someone from the Concierge Service will contact you to help with your moving details.  Our exclusive Concierge Service was developed to assist you with the services you need before, during, and after your move. This quality service ranges from:  assist with moving, utilities, schools and community information. 

The final step – Time to close!

Your loan has been approved! Your Loan Consultant will call you to schedule a day and time convenient for you.  The closing is a formal process where all parties sign all necessary paperwork needed to complete the transaction.  Once all documents have been signed and funds received you will receive the keys to your new home!

After the closing

Deeds, loan papers, and other documents are filed on your behalf establishing ownership.  Congratulations!