InvestNAPA is dedicated to providing you with the very best in personal service to help you find the right property. Your agent will:
- Meet with you to discuss your needs, analyze your financial resources and help establish achievable goals
- Recommend financial institutions where you can shop for the best possible financing
- Show you property based upon the criteria you’ve established
- Explain protective conditions, contingencies, customary practice, local laws, regulations and agency relationships
- Guide you toward loan pre-approval
- Draft the purchase agreement for you
- Present your offer to the seller and the seller’s agent, highlighting your strengths as a buyer
- Negotiate a fair agreement
- Open escrow with a title company
- Manage the escrow period, ensuring that all conditions and contingencies are fulfilled in a timely manner according to the contract
- Help arrange and be present for all physical inspections of the property and review the inspection report, review the Transfer Disclosure Statement, title report and all other necessary documents with you
- Coordinate with your insurance agent and the title company to make sure your policy is in effect at the close of escrow
- Accompany you to the title office when it is time to sign the final closing papers
- Be the first to congratulate you on your purchase
- Follow up to make sure you have settled comfortably into your new property
Your Purchasing Power | Determining the Right Price Range
There are many critical factors involved in determining the best way to finance your home. The first step in the buying process is to determine the price range that is right for you. You will need to consider how much cash you are prepared to invest and how much money you will need to borrow.
Your cash on hand will have to cover both the down payment and any closing costs associated with the purchase. Closing costs vary significantly based on the terms of any loan you may obtain but are generally 2% to 4% of the purchase price. There are also moving expenses to remember.
You should also take into consideration how much your property taxes and insurance will cost in addition to a monthly mortgage payment. InvestNAPA will help you estimate your purchasing power and costs, but we highly recommend that you talk to your accountant and/or financial adviser to discuss your cash needs and tax consequences.
An offer to purchase a property is given greater consideration by a seller when the offer is accompanied by a pre-approval letter from a reputable local lender or mortgage broker. This gives assurance to the seller that you will be able to get the proposed financing and will not tie up the property needlessly. Potential lenders will inquire about six critical factors:
- Credit History
- Employment history
- The value of the property you wish to purchase