Here is the 9-Step Process to Home Ownership with Buffalo Bayou Realty
Know your “Buying Power”!
Before you start looking for a home, find out how much you can borrow and how much you need for a down payment. Online calculators are a great start, but only a lender will be able to give you real numbers. Need a lender? Our Buyer Resources page has a few, or you can call your bank or financial advisor. The important thing is to talk to someone first.
Start looking for your new home!
Contact us with your wish list of what you want in a home and we’ll set up a customized search for you. When homes that meet your criteria come on the market, you’ll be the first to know with automatic email notifications. When you know where you want to buy and how much you want to spend…
Hire Buffalo Bayou Realty
Send us your pre-approval letter, and sign our Buyer Representation Agreement. Once we have those, we can move on to the next step in your home buying journey!
Tour properties and go to Open Houses
Set up a home tour with your agent at Buffalo Bayou Realty to find your new house! Open Houses are a great source for you to find a new home, too.
Make an offer!
Once you’ve chosen the home you want to buy, Buffalo Bayou Realty will prepare your offer and submit it to the Listing Agent. Your agent at Buffalo Bayou Realty will negotiate on your behalf until you and the Seller come to an agreement.
You’re under contract!
Now is the time to deposit Earnest Money, your Option Fee, and get your inspections.
Inspections & resolutions
Sometimes an inspection might reveal something about the house that needs to be addressed by the Seller before closing. Your inspector will point anything of concern out during your inspection. We’ll present any issues to the Seller and work to resolve them before moving forward with the sale.
Lending, title work, and final preparations
From contract to your closing date, the title company will be working to get all of your documents in order. A survey may need to be ordered, there will be an appraisal if you’re getting financing from a lender, and the title company will be making sure the property is able to be legally transferred from the Seller to you. There’s a lot going on, and Buffalo Bayou Realty will keep you informed every step of the way.
Closing & FUNding!
All the paperwork is ready to sign, the money is in the bank, and all that’s needed is your signature. Once closing is complete, you’ll get the keys to your new home and you can start moving in right away! Congratulations, Homeowner! You rock!