The journey to purchasing a new home should be an exciting, memorable experience, from the first home to the last. A home is the only place where the heart, mind, body, and soul can all find peace. Being such a significant financial and emotional investment, you need someone who will not only look at the figures, but will find the perfect home that embraces and reflects your personality and lifestyle.
That someone, is me.
The mortgage process can be a complex, time consuming, and stressful undertaking. With what seems like an avalanche of paperwork, a sea of acronyms, and terms and conditions that make your mind flood with questions, it is important that you have the proper guidance throughout the process.
The first step is the pre-qualification, which is typically free. Your lender gathers some cursory details, including income, debt, assets, and length and strength of credit history. This is a vetting process to confirm you satisfy the criteria of a good candidate to begin the loan process. If you “pass” the pre-qualification step, you will then be given a general guideline that details the amount of funding you could be approved for.
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Following the pre-qualification, the next step is a more thorough and extensive verification of your creditworthiness and eligibility for the loan. This requires significantly more documentation, and at times has an associated nominal fee, which may be rebated at the time of closing.
Being a pre-approved buyer has a significant advantage, as it means you are serious, committed, and eligible to properly purchase a home. At this time, when you present an offer to a seller, the seller is reassured that you can in fact qualify for a mortgage, and will value the legitimacy of the offer. It is not uncommon for Realtors to refuse to show homes unless the buyer is at a minimum, pre-qualified, although being pre-approved is preferred.
Evidently, a pre-qualified and pre-approved buyer is in a much stronger position to successfully purchase a home. Having said that, one must also be mindful of the fact that being pre-approved does not guarantee a mortgage, as there are additional factors that impact the final mortgage allocation, including (but not limited to) the following:
- Final Inspection
- Offer Price
- Appraised Value
The Sherrard Buying Process
- The Consultation
- The Search
- The Viewings
- The Negotiation
The Consultation - What's Your Motivation?
To kick off the journey to finding your new Dream Home, we will begin with an initial consultation at your location of choice, which can be set up here.
This is where our open relationship will begin.
First, I will listen to you open up about your unique vision and requirements. These details will directly translate into a customized plan of action, where I will professionally guide you through the remaining steps that are tailored for you, resulting in a one of a kind experience.
The Search - What's Our There
Now that we have established our relationship and you have explained what your dream home look like, it’s time to get to work. Traditionally, the search process results in an unnecessary amount of homes to view, as they are typically done solely based on the physical parameters outlined in the consultation.
That is not the Sherrard way.
I will go many levels deeper and not only find a home that meet your physical requirements, but a home that reflects your personality, in a neighborhood that suits your lifestyle. I will do an extensive, rigorous search to find what I like to call the Diamonds, which I will present to you.
The Viewings - What Feels Right
While a home might look perfect on paper, a home must not only be bought based on physical appearance, but also emotion. Once we have determined which Diamonds resonate with you, we will embark on our journey to get a true feel of each home.
In search of the perfect fit, we will first do a thorough walk-through of each house, followed by a tour of the neighborhood. This is a key, and often overlooked, step, as buying a home is a large investment that needs to enhance the quality of your life.
Once we find a home that fulfills the qualifications of your dream home, and gives you the indescribable feeling of being The One, it is time to make an offer.
The Negotiation - Locking It Down
Combining my assertiveness, acute focus, and my creative, powerful, and strategic negotiation skills, my goal is to negotiate the best offer and terms to accompany the Dream Home you’ve chosen to place an offer on.
This is where I shine.