Basic Steps to Buying Your Home

1. Define what you want.

It is important to get a Newcon Group agent to work with you, so that your agent can help you define what kind of home and neighborhood would best suit you and your needs. To define what you are looking for, you may want to list the pros and cons of where you live currently. What must you have to make it home? Do you have a pet that needs a yard? Do you want a neighborhood with a pool? You need to have a good idea of what you want so your agent can operate efficiently when scouting for homes on your behalf.

2. Find out what you can afford.

Now that you know what you want in a home and neighborhood, you need to find out what you can afford. The best way to do this is to get pre-qualification or pre-approval for a home loan. Our real estate agents can refer you to a mortgage broker to begin the process. The process is quick, easy and doesn't cost you anything. Most loan officers can work with you over the phone, online or with a short meeting and give you information within a couple of hours.

3. Work with your Newcon Group agent.

Now you know what you are looking for and how much you can afford you need a Newcon Group agent to represent your interests at no cost to you. Your Newcon Group agent can use the training, expertise and tools they have acquired through their experience in the real estate industry to find you the property you can call home. 

4. Make an offer.

When you've found your home and you're ready to make an offer, your Newcon Group agent will help you explore every opportunity to save you money and get you the BEST deal. With your approval, your agent will draft a written contract that outlines what needs to be done by both parties to reach agreement in the purchase of your home. If the seller/builder accepts the offer, the document becomes a binding contract. It's important to note that if the seller/builder changes any aspect of the offer, it is not a binding agreement until both sides sign off and initial any changes.

 5. Prepare for the closing. 

After you and the seller/builder have reached agreement and your contract becomes binding, your Newcon Group agent will help you through the last stages leading up to the closing.

 

New Construction:

• Insurance-your Newcon agent can refer you to insurance agents that will get you the insurance you need for your new home. The cost of insurance is typically worked into your financing package with the mortgage broker.
• Appraisal & Financing-select a mortgage broker to handle the financing of your home loan. The loan officer will lead you step by step through the process of getting your new home appraised and putting together your personalized loan package.
• Walk-Thru-it's a good idea to walk-thru the new home prior to closing to ensure your satisfaction. If you have any concerns after the walk-thru go directly to your Newcon Group agent.
• Closing Attorney-many builders, as an incentive, may pay for most of your closing costs. Speak to your Newcon Group agent about your options.

Resale Property:

• Home Inspection-most resale binding contracts are contingent on the inspection of the home by a third party licensed and insured home inspector. The home inspector provides an objective eye and gives you a detailed report regarding the quality and condition of the home. If any concerns arise from the report the contract can be revised with requests for repairs or the buyer can decide to release the contract due to items on the inspection report.
• Insurance-your Newcon agent can refer you to insurance agents that will get you the insurance you need for your new home. The cost of insurance is typically worked into your financing package with the mortgage broker.
• Appraisal & Financing-select a mortgage broker to handle the financing of your home loan. The loan officer will lead you step by step through the process of getting your new home appraised and putting together your personalized loan package.
• Closing Attorney-your Newcon Group agent can assist you by referring closing attorneys with which our clients have had excellent experiences. Your Newcon agent may also be able to get you a discount due to the high volume of clients we refer to a particular attorney.

6. Close the deal.

Congratulations! The moment you've been waiting for is here. The closing is where home ownership is legally transferred from the seller/builder to you. Closing procedures are usually held at the closing attorney's office. The closing officer will handle all the document signing and the collection and disbursement of funds.

Prior to your closing date (24 hours at minimum), your mortgage broker will send a final closing statement that outlines your closing costs, if applicable. Your NewCon Group agent will review this document with you to ensure its accuracy, as well as help you gather any necessary documentation that you'll need to bring to closing.