Buying Your Home Made Simple

When the time comes to buy your Tahoe dream home you’ll want to make the process as seamless as possible. This means you’ll want to work with a team of real estate professionals that know the market and area inside and out. Your relationship with your realtor makes up the foundation for a successful real estate transaction.

Our Team Knows Lake Tahoe

We have a team of professional realtors who are experts in the Tahoe area. In our years of real estate experience we’ve been able to craft a process that helps you find your dream home with ease, the foundation of all of our real estate transactions begins with a solid relationship.

Understanding The Home Buying Process

The home buying process can be very complex and difficult to decipher, especially if you’re going at it alone. It’s our job to demystify the process as much as possible and ensure everything unfolds with ease. Below you’ll find a breakdown of the process you’ll go through when finding your Tahoe dream home.

1. The Initial Consultation

The initial consultation will be our first meeting together. During this meeting we’ll get to know each other and uncover as much information as possible regarding the kind of home you’re looking for.

This usually includes any specific home features you may be looking for, the style of house, number of bedrooms and bathrooms, your overall budget, and even the neighborhoods you might be interested in.

Once we’ve taken all of these factors into account we’ll compare your wish list with current market realities and start to come up with a list of properties we think you’ll love.

 2. The Pre-qualification Process

Getting pre-qualified for a loan begins either before or after your first meeting with us. A lot of people wait until after the initial consultation so they can be more confident when approaching a lender.

After meeting with you we can also give recommendations of local lenders that we trust, some of these lenders will even do this initial pre-qualification for free.

Getting pre-qualified allows you to know exactly how much you can afford. It even has a bonus of making your offer stronger to the seller, and gives you the extra vote of confidence that you can move forward quickly if your offer is approved.

 3. Diving Into The Property Search

Once we have a good idea of all of your needs as buyer and the budget we’ll be working with it’s time to check out the beautiful Tahoe homes we have available. Doing your due diligence first helps to ensure you don’t overwhelm yourself during the property search.

We recommend not looking at more than 4 to 6 properties at a given time. This will help to narrow down the length of your search process and reduce overwhelm from having too many homes on your plate.

As your realtor we keep up to date on the latest home information, meaning if the perfect house comes on the market at any point during your search we’ll make sure to give you this information as soon as possible.

We won’t quit until you’ve moved into your dream home, and even then we love to stay in touch.

 4. Making An Offer

Once you’ve found the perfect property you can see yourself living in it’s time to make an offer. It’s our responsibility to draft the purchase agreement for you, and advise you on any protective contingencies, customary practices, and local regulations. Luckily, we have plenty of experience writing offers in the Tahoe area, so we know your offer is in good hands.

At the time of your offer it’s also customary to provide “earnest money”, which is a deposit that’s usually between 1 and 3 percent of the purchase price. It’s important to note this deposit will not be cashed unless your offer is actually accepted.

When you make an offer the seller has a few options at their disposal. Making an initial offer is usually only the first stage of the process. The seller can accept, reject, or counter your initial offer. Our next course of action is based upon the seller’s response.

 5. Uncovering The Offer Process

We’ll help decipher what the seller’s response actually means and what your next steps are. If your offer is accepted, then great! We’ll move forward with the rest of the process. However, if your offer was countered that means there are changes to your offer that the buyer thinks is fair.

Luckily, we bring our years of experience in real estate negotiation to the table. It’s always our goal to finalize the offer.

Once the offer has been accepted we move into an escrow period. At this time your “earnest money” is deposited and the title company you’re working with will start to receive, hold and disburse funds to the appropriate parties.

After the offer has been accepted there’s a contingency period that’s been allocated in the purchase agreement, in which you can obtain any necessary financing, perform any inspections, and satisfy any other contingencies that were laid out in the original agreement.

Another important element a lot buyers overlook is homeowners insurance. We’ll make sure that your insurance is in effect from the moment you move into your new home.

Lastly, before you move into closing you’ll need to issue a Cashier’s Check or a money transfer a few days prior to the escrow period closing.

7. The Closing

In order to finalize the escrow process you’ll need to ensure all of the conditions that were set forth in the Purchase Agreement were met and all necessary documentation, including loan papers have been signed. We’ll help to ensure all of your documentation is in order.

In the final steps, your down payment and closing costs will be deposited and your lender will deposit the balance of the purchase price. This will ensure all of the appropriate funding is exactly where it needs to be.

Finally, the deed will be recorded at the County Recorder’s office and the home will finally be yours.

After this entire process you’ll be an official homeowner in the beautiful Lake Tahoe area.