Knowledge about the necessary paperwork is key to a seamless process. Your Sea Glass real estate agent will be there to guide you every step of the way. Familiarize yourself with these crucial documents for home purchase in advance:
Before you begin your home search, it’s essential to obtain a pre-approval letter from a lender. This letter confirms your financial ability to purchase a home and is a vital component of any offer you submit.
Your real estate agent will present you with a buyer’s agent agreement, which outlines the terms of your representation. This contract establishes the agency relationship between you and your agent, including the duration of the agreement and conditions for termination.
Sellers are legally required to disclose any known issues or defects that could affect the value or safety of the property. These disclosures typically cover mechanical systems, structural issues, and environmental hazards. If the property was built before 1978, the seller must also disclose the presence of lead-based paint.
The purchase agreement is a legally binding contract that formalizes the terms of the sale between the buyer and seller. This document covers essential aspects such as the purchase price, inspection contingencies, financing terms, earnest money deposit, and the timeline for closing. Negotiations often center around the details outlined in the purchase agreement, so it’s essential to review and understand each provision carefully.
Navigating these documents with your Sea Glass agent ensures a clear understanding of your rights and responsibilities throughout the home-buying journey.
Contact Sea Glass Properties to get started on your home search.