The Home Buying Process
How to Buy a Home Steps to purchasing
Whether you are a first time home buyer or looking for income property, we
have the experience you need to help you.
FINANCING: Yes, I can help you with financing. There are so many different
programs out there! Two of the most popular are: 100 % Financing where you need
No Down Payment, and FHA financing where buyer’s receive a 3% gift
contribution to satisfy FHA down payment requirements & often 3% provided by
the seller to cover closing costs! Interest only options are available to keep your
payments lowest.
How We Help: After discussing with you what your particular needs are we assist
you in finding a lender who can meet those needs. Also very important to us is the
fact that we want you to be comfortable with your monthly house payment. You
may QUALIFY for a $1,200 monthly mortgage, but would you feel comfortable
with that? If you are currently renting and paying $700-800 a month you may feel
it would be preferable to stay closer to that amount for your mortgage. Once you
have decided where you want your payment to be we move to the next step.
HOUSE HUNTING: What style of home do you prefer? A ranch? Split level?
Colonial, Cape Cod, Bungalow…those are several of the most popular choices in
Lorain and Cuyahoga County. How We Help: We will discuss what your specific
requirements are: Do you need a basement? How many bedrooms? Do you have
a heating & cooling preference? Perhaps you need close highway access. Once
we determine your preference we will give you lists of homes in the areas you
desire. If you prefer we will email these lists to you. Our emails include details as
far as room dimensions, taxes, additional pictures of the property and are listed by
all Real Estate companies in the Multiple Listing Service.
REPRESENTING YOU! As your Realtor we are bound to a high standard of ethics
to represent you and your best interests.
How We Help: Once we have found your dream home we will sit down together
to write a formal offer (purchase agreement). No personal information will ever be
shared, and your purchase agreement will be written to your specifics. Typically
we receive a response to your offer within 24 to 48 hours. Should your first offer
not be accepted, it may be “countered” which means the seller may ask you to
change something on the purchase agreement. We will help you, and explain all
of your options throughout the entire process so that you completely understand
what your choices are.
INSPECTIONS: We will detail all areas of the purchase agreement, including
your options for inspections.
How We Help: Whether you opt for a general home inspection, lead based paint,
roof inspections etc, we will explain and assist you so you will feel confident in
your decisions.
UTILITIES: You may be interested in knowing what the past utility bills were
on the home you want to purchase, or may not know where to go to get service in
your name. How We Help: We will provide these companies and numbers for you.
COMMUNICATION: You will not be alone in your home buying process! We
will guide you and be here to answer any questions that you may have. We strive
to have you feel great about the entire process! It’s an exciting time to be a home
owner!
Call Pat Fogo at (440) 452-2195 or 866-238-8212
or Samson Fogo at (440) 396-8041 to discuss your
opportunity to own your own home!
