STEPS TO BUYING A PROPERTY

The most important thing when purchasing your property first of all is to know how the method of purchase is going to be if you have the funds available to buy without financing or if you are looking to finance your new property. You then need to pre-qualify yourself with a banking institution so that you know what your borrowing margin is.

Once you know how to pay for the property and the funds available to purchase it is important that you decide what type of property you are looking for if it is a single family residence, if you prefer something multi-family to include part of your family or to have a passive income, or if you are looking for something a little easier to manage and maintain such as an apartment. It is very important that you decide what size property you need and the type of property once you have decided your final taste then, contact your favorite realtor at our Ruby REALTY office who will help you in finding the property you need.

Simplifies the real estate process?

When you begin the search for your property it is important to know that you always need to have a deposit money which once you have found the property that meets your needs at the time of signing the purchase option contract you will be required to offer this option deposit to separate the property and remove it from the market, so that the property is not shown to anyone else and the seller is committed to wait for the purchase process until the day of closing.

When the purchase and sale does not involve financing the process is much easier and shorter in 3 days you can get a title study, you can get the certification of real estate taxes and if the property is free of liens and encumbrances you can proceed to grant the deed of sale, although title insurance is not required, it is suggested.

When in the middle financing transaction it will depend on the type of financing that suits you to know the time it will take the normal process in a conventional loan could take up to 30 days, in a financing process with federal guarantees could take from 45 days, if there are also government guarantees involved it could take from 90 days.

The process of buying and selling a property is a fascinating world where there is more than one person involved in the process, there is more than one person that has a rewarding sense of helping to fulfill that dream of both parties because both the seller and the buyer have that dream; that yearning that they want to sell the property in the seller's case for various reasons either because they are moving out of the country, because the children are no longer in the house and they are reducing the space or the family is growing and they need a bigger place. In short, the dream or the need of these two key and main people in the transaction is fulfilled and it has been achieved thanks to the rest of the people involved, these people that we do not see working and many times we do not even thank them because they are not someone we work with every day. Their first face is the real estate broker, followed by the banker and the last face is the lawyer. So it is a fascinating process and I invite you to use our services and trust our experts.