Let Team Chris Walsh Help Find The Home Of Your Dreams
The search for a home can be very exciting when executed properly. If a great home becomes available at an attractive price, it could be sold within hours. Whether you are a first time buyer or a seasoned purchaser, choosing a knowledgeable and well-informed Realtor can be your best asset. Team Chris Walsh associates have successfully sold many homes throughout the Monmouth, Ocean and Middlesex County region and are experts in all fields of buying and selling assistance as well as short sales and foreclosures. Our agents will keep you informed of newly entered or updated listings on an immediate basis through our advanced notification system. Using these innovative tools, we will ensure that you will always have the competitive edge over other potential buyers.
Whether you are seeking a conventional, jumbo, FHA or VA loan, we work closely with the top lenders to secure you the best rates and programs available for borrowers. If you need a recommendation for any service ranging from attorneys to appraisers and inspectors, we can provide the names of our preferred companies to ensure quality service and the best possible experience for you as the home buyer. Agents on our team have an array of achievements and special certifications such as CRS (Certified Residential Specialist), GRI (Graduate of Realtor Institute), CDPE (Certified Distressed Property Expert), and EcoBroker (Realtor Green Designation). Our agents offer expert level guidance and advice for all of our clients no matter what the topic.
Initial consultation: Before we begin taking the necessary steps to locate the home of your dreams, we will schedule an initial consultation to gather as much vital information as possible. There are many variables which can play a significant role in your purchase; therefore it is very important that we establish an extremely solid plan from the very beginning.
Market overview: The market is changing constantly. It is imperative that we educate our clients on the most up-to-date market trends and sales data. This information will give you a sense of what each dollar spent will yield you during your purchase. At this time we can discuss list price vs. sale price ratios, average days on market and variables surrounding simple supply and demand.
Inventory review: There are so many different types of homes on the market and each home is generally going to offer something different. It is important that we review the offerings available to you in today's Real Estate marketplace. Some major factors that will distinguish one home from another could be the location of the property, property/home size, geographical area, the proximity that each offers for your specific needs, amenities and of course, the price.
Determine criteria: Our goal is to focus on the homes that offer the attributes which most meet your specific needs. After we establish exactly what you are looking for, we can zero in on these specific homes to ensure a much more effective home search.
Mortgage pre-approval: The financial industry can be a very complex world with regard to home loans. It is very important that before we begin searching for your dream home, you and your lender establish your affordability and comfortable monthly payment. Our preferred lender will spend time reviewing the various mortgage programs, products and current interest rates available to you for your purchase. Once the loan officer gathers the proper information he/she needs, a pre-approval letter will be issued on your behalf. This letter will state that you truly are qualified to purchase the homes you are scheduled to view in your desired price range. This document will be required by the selling agents prior to home showings.
Make an offer: After pinpointing your perfect home, you may want to pursue it by making an offer. We will work with you in determining an adequate offer price, terms and compiling all of the proper documentation required for the bidding process. It is important that the proper protocol is followed for making the offer so that it is considered by the seller on your initial bid. Our team will review all of the paperwork and fine print contained in the state issued forms used to compose your offer. You will have a full understanding of every last detail prior to submitting your bid.
Negotiations: The offer that we submit may be rejected or counter-offered by the seller. This is to be expected and is very customary. Our goal is to reach a meeting of the minds by both parties. In an effort to do so, our team will meet with the seller of a property when possible and negotiate face-to-face on your behalf. If this is not possible, these discussions will take place via conference call. We are highly trained in the art of negotiations and have been required to undergo a series of educational courses and field work pertaining to this. In the end, we must reach a sales price and terms that are acceptable to you.
Attorney review: After we have successfully reached a meeting of the minds, all parties will sign off on the offer to purchase. We now have a fully executed contract of sale. A copy of these papers will be forwarded to each of the buyer's and seller's attorney of choice. If you need a recommendation for an attorney, we can provide the names of our top three preferred firms. The attorneys will review the contract and its terms over a three day period. During this period, they will propose any changes that they feel are necessary for their client and may extend it as needed. It is important to minimize the amount of time that the contract is in attorney review as either party may rescind their offer and the seller may entertain additional offers. Our goal is to resolve any addendums to the original contract and have the review period concluded in 3 days or less so that we will have a legally binding contract in place.
Contract contingencies: Just about every Real Estate transaction will contain contingencies of some kind. With regard to purchase, a contingency is anything that must be resolved or executed prior to the transaction closing. Common contingencies include, but are not limited to: deposits, inspections (due diligence), mortgage commitments and the successful closing of your current home. Each of these contingencies will be clearly detailed and made time-sensitive as part of your contract of sale.
Mortgage: After attorney review is completed, you will be applying for a mortgage commitment through your loan officer. He/she will be processing all of the information and documentation that you provided during your initial pre-approval consult along with the sales contract and attorney addendums for this specific home. Although the loan officer was able to obtain a pre-approval, they cannot formally apply for a mortgage commitment from a bank until we have specified a property and have all of the corresponding contract paperwork.
Inspection: It is strongly recommended that you follow through with a full structural, termite and radon inspection. It is important that you hire an ASHI certified inspector and a state licensed termite and radon inspector or even one who is qualified to perform all three. Some homes may be sold in "as is" condition meaning what you see is what you get. Do not make the mistake of declining a home inspection even in these situations as we will arrange any level of inspection to confirm that what you see is indeed what you get!
Under Contract: After attorney review has been concluded, your mortgage is underway, all deposits are escrowed and your due diligence and inspections are completed, you are now under contract and ready to close. At this point we will assist you in establishing service with all of the local utility providers at your home and schedule any additional last minute visits that you may need to make for the home. During the remaining under contact period, we will also be arranging for the property survey completion and the bank's appraisal.
Final walk through: Just a few hours before closing, we will have a predetermined time to meet at the subject property. We will conduct a visual walk through inspection so you can confirm the home is still in the same maintenance and condition as when you purchased it. We will also be checking to confirm that the seller's personal property has been removed from the property and that the home is free and clear of any damage and debris.
Closing table: Once at the closing attorney's office, you will be instructed on the entire closing process. The attorney will give you a detailed overview of what each form and document in the closing package contains. He/she will review the closing statement and ensure that all of the figures are accurate. We will be by your side the entire time and will assist until everything is completely understood and accepted by you. After all documentation is signed you are now the owner of a lovely home!
Post closing: Loyalty and responsibility to our clients does not stop when we leave the closing table. We will follow up with you periodically to guarantee that anything you need is taken care of. Our team works closely with a vast network of strategic partners offering services from lawn maintenance to electrician contracting to babysitting services. We have been very helpful with providing information on local schools, places of worship, travel, and entertainment and shopping. Whatever your needs, we are here to take care of them. Once a client, always a client!
The search for a home can be very exciting when executed properly. If a great home becomes available at an attractive price, it could be sold within hours. Whether you are a first time buyer or a seasoned purchaser, choosing a knowledgeable and well-informed Realtor can be your best asset. Team Chris Walsh associates have successfully sold many homes throughout the Monmouth, Ocean and Middlesex County region and are experts in all fields of buying and selling assistance as well as short sales and foreclosures. Our agents will keep you informed of newly entered or updated listings on an immediate basis through our advanced notification system. Using these innovative tools, we will ensure that you will always have the competitive edge over other potential buyers. Whether you are seeking a conventional, jumbo, FHA or VA loan, we work closely with the top lenders to secure you the best rates and programs available for borrowers. If you need a recommendation for any service ranging from attorneys to appraisers and inspectors, we can provide the names of our preferred companies to ensure quality service and the best possible experience for you as the home buyer. Agents on our team have an array of achievements and special certifications such as CRS (Certified Residential Specialist), GRI (Graduate of Realtor Institute), CDPE (Certified Distressed Property Expert), and EcoBroker (Realtor Green Designation). Our agents offer expert level guidance and advice for all of our clients no matter what the topic.
Initial consultation: Before we begin taking the necessary steps to locate the home of your dreams, we will schedule an initial consultation to gather as much vital information as possible. There are many variables which can play a significant role in your purchase; therefore it is very important that we establish an extremely solid plan from the very beginning.
Market overview: The market is changing constantly. It is imperative that we educate our clients on the most up-to-date market trends and sales data. This information will give you a sense of what each dollar spent will yield you during your purchase. At this time we can discuss list price vs. sale price ratios, average days on market and variables surrounding simple supply and demand.
Inventory review: There are so many different types of homes on the market and each home is generally going to offer something different. It is important that we review the offerings available to you in today's Real Estate marketplace. Some major factors that will distinguish one home from another could be the location of the property, property/home size, geographical area, the proximity that each offers for your specific needs, amenities and of course, the price.
Determine criteria: Our goal is to focus on the homes that offer the attributes which most meet your specific needs. After we establish exactly what you are looking for, we can zero in on these specific homes to ensure a much more effective home search.
Mortgage pre-approval: The financial industry can be a very complex world with regard to home loans. It is very important that before we begin searching for your dream home, you and your lender establish your affordability and comfortable monthly payment. Our preferred lender will spend time reviewing the various mortgage programs, products and current interest rates available to you for your purchase. Once the loan officer gathers the proper information he/she needs, a pre-approval letter will be issued on your behalf. This letter will state that you truly are qualified to purchase the homes you are scheduled to view in your desired price range. This document will be required by the selling agents prior to home showings.
Make an offer: After pinpointing your perfect home, you may want to pursue it by making an offer. We will work with you in determining an adequate offer price, terms and compiling all of the proper documentation required for the bidding process. It is important that the proper protocol is followed for making the offer so that it is considered by the seller on your initial bid. Our team will review all of the paperwork and fine print contained in the state issued forms used to compose your offer. You will have a full understanding of every last detail prior to submitting your bid.
Negotiations: The offer that we submit may be rejected or counter-offered by the seller. This is to be expected and is very customary. Our goal is to reach a meeting of the minds by both parties. In an effort to do so, our team will meet with the seller of a property when possible and negotiate face-to-face on your behalf. If this is not possible, these discussions will take place via conference call. We are highly trained in the art of negotiations and have been required to undergo a series of educational courses and field work pertaining to this. In the end, we must reach a sales price and terms that are acceptable to you.
Attorney review: After we have successfully reached a meeting of the minds, all parties will sign off on the offer to purchase. We now have a fully executed contract of sale. A copy of these papers will be forwarded to each of the buyer's and seller's attorney of choice. If you need a recommendation for an attorney, we can provide the names of our top three preferred firms. The attorneys will review the contract and its terms over a three day period. During this period, they will propose any changes that they feel are necessary for their client and may extend it as needed. It is important to minimize the amount of time that the contract is in attorney review as either party may rescind their offer and the seller may entertain additional offers. Our goal is to resolve any addendums to the original contract and have the review period concluded in 3 days or less so that we will have a legally binding contract in place.
Contract contingencies: Just about every Real Estate transaction will contain contingencies of some kind. With regard to purchase, a contingency is anything that must be resolved or executed prior to the transaction closing. Common contingencies include, but are not limited to: deposits, inspections (due diligence), mortgage commitments and the successful closing of your current home. Each of these contingencies will be clearly detailed and made time-sensitive as part of your contract of sale.
Mortgage: After attorney review is completed, you will be applying for a mortgage commitment through your loan officer. He/she will be processing all of the information and documentation that you provided during your initial pre-approval consult along with the sales contract and attorney addendums for this specific home. Although the loan officer was able to obtain a pre-approval, they cannot formally apply for a mortgage commitment from a bank until we have specified a property and have all of the corresponding contract paperwork.
Inspection: It is strongly recommended that you follow through with a full structural, termite and radon inspection. It is important that you hire an ASHI certified inspector and a state licensed termite and radon inspector or even one who is qualified to perform all three. Some homes may be sold in "as is" condition meaning what you see is what you get. Do not make the mistake of declining a home inspection even in these situations as we will arrange any level of inspection to confirm that what you see is indeed what you get!
Under Contract: After attorney review has been concluded, your mortgage is underway, all deposits are escrowed and your due diligence and inspections are completed, you are now under contract and ready to close. At this point we will assist you in establishing service with all of the local utility providers at your home and schedule any additional last minute visits that you may need to make for the home. During the remaining under contact period, we will also be arranging for the property survey completion and the bank's appraisal.
Final walk through: Just a few hours before closing, we will have a predetermined time to meet at the subject property. We will conduct a visual walk through inspection so you can confirm the home is still in the same maintenance and condition as when you purchased it. We will also be checking to confirm that the seller's personal property has been removed from the property and that the home is free and clear of any damage and debris.
Closing table: Once at the closing attorney's office, you will be instructed on the entire closing process. The attorney will give you a detailed overview of what each form and document in the closing package contains. He/she will review the closing statement and ensure that all of the figures are accurate. We will be by your side the entire time and will assist until everything is completely understood and accepted by you. After all documentation is signed you are now the owner of a lovely home!
Post closing: Loyalty and responsibility to our clients does not stop when we leave the closing table. We will follow up with you periodically to guarantee that anything you need is taken care of. Our team works closely with a vast network of strategic partners offering services from lawn maintenance to electrician contracting to babysitting services. We have been very helpful with providing information on local schools, places of worship, travel, and entertainment and shopping. Whatever your needs, we are here to take care of them. Once a client, always a client!