THE BUYING PROCESS

LEARN MORE ABOUT BUYING A HOME

EXPLORE THE HOME BUYING PROCESS

Start your journey to homeownership with Zac Kohli advising you through each step, from assessing your buying power to the final walkthrough and closing. His approach will ensure you are equipped to make informed decisions for a successful and rewarding home purchase.

GET PRE-APPROVED

The first step to buying a home is to understand your buying power and establish a price range. A licensed lender can help evaluate your financial standing and provide a pre-approval. They will review your income and credit history to determine how much the bank will lend you, which will help you determine the price range for your search. Having a pre-approval letter in-hand can also increase the attractiveness of your offer, particularly when a seller has multiple offers to choose from.

THE HOME SEARCH

You can start your search for the perfect home right here with up-to-date MLS listings in your favorite neighborhoods. Create your free account to save your favorite properties, request showings and more! As your realtor, Zac Kohli will also research for homes on your behalf. When you find a home that you like, he'll schedule a showing tour for you to preview the property in person.

When you're ready to move forward with a purchase, Zac will advise you on constructing the strongest offer possible. Then he will draw up the necessary paperwork on your behalf. There is a lot to consider when making an offer - discussing the purchase price, the closing date, sale contingencies, and any special stipulations for your particular purchase. Once an offer is submitted, the seller may accept, reject, or counter the offer. If the seller returns a counter, we will enter a negotiation period until an agreement is reached, or the offer is rejected by either party.

MAKING AN OFFER

GOING UNDER

CONTRACT

If your offer is accepted, we will bind the agreement, and you will be officially under contract. The purchase will not be complete until closing, but the home cannot be sold to anyone else while the contract remains in effect. At this point, you may be required to make an earnest money deposit, and you will also need to secure your mortgage loan unless you are making a cash purchase. Lenders offer a wide range of loan programs, so it's important to work with a lender you trust to help you determine the best loan for your specific circumstances.

Inspecting the physical condition of your next home is a vital part of the home-buying process. A licensed home inspector will conduct a comprehensive evaluation of the entire property and report any problems with the condition of the home's structure or systems. The inspector will also investigate potential issues such as pest infestations or mold. In some cases, additional inspections by specialists may be desirable, such as a structural or roof inspection. Depending on the purchase agreement, we may enter additional rounds of negotiation to resolve any problems discovered during the inspection process.

HOME INSPECTION

HOME APPRAISAL

Your lender will arrange a professional appraisal of the home. An appraisal is an unbiased estimate of the true (or fair market) value of a home and is conducted by an independent third party. The appraiser will confirm the appraisal value of the property for all parties involved. If the home appraises at less than the expected value, you may have the option to renegotiate the purchase agreement or terminate the contract.

FINAL WALKTHROUGH

Prior to closing, we will conduct a final walkthrough of the home to ensure that all negotiated repairs have been completed, and that the home is in the same (or better) condition as when the original offer was made. This is the final opportunity to call out any problems identified during the inspection that have not been addressed.

CLOSING

At closing, all parties will sign the necessary paperwork to complete the transaction. You will be required to provide a down payment and pay any closing costs. Once the paperwork is signed and the funds are distributed, you will receive the keys to your new home!