Imagine buying your dream home. Let our experienced staff help you make it happen.
The Korty Realty Group is ready to guide you through the home-buying process. We are committed to fast, professional and courteous service to help you understand and feel at ease throughout the home buying process. Our trained and licensed agents specialize in the Central Indiana area real estate market and are prepared to find the right home and get the best price.
With every home buying experience, there is a formula to success. Knowing where to start and actually getting started are often the hardest parts, but the Korty Realty Group, with its wealth of experience knows the path. Let us help lead the way.
You are not in this alone. We will be there every step of the way and at this stage will engage other parties through our boundless network of trusted lenders and key vendors to ensure that the right people are in place is paramount to make for an easy home buying experience.
Working with a lender to understand financing options and to set expectation of price range and budget is the next step. Here, the lender will run a credit check, verify monthly income, assets, debt-to-income ratio, and determine how much you can borrow. The result of this will be a “Pre-Approval” letter that will be a source of reassurance to any potential sellers
We will set up a search based on parameters that you set, and have homes that meet that criteria pushed to you on a regular basis. Next, we will spend time with you on the properties that you want to see as well as additional time on our own, researching and even scouring properties that may not be listed yet.
Offer & Negotiation
You’ve found your dream home! Time to make an offer. Based on market research as well as that research that was discussed earlier, we will help identify the right offer for the home and work on your behalf at negotiating and ensuring your offer has an excellent chance at being accepted.
After an offer is accepted, we will again reach deep into our network and recommend some of the most qualified and experienced inspectors for you to choose from. Yes, we understand that this is your dream home and it’s hard to believe that there can be flaws, however the inspection process aims to be thorough and make sure the investment you are making is a safe and wise one.
At the end of the inspection, there may be additional work that needs to be done at which point, we may enter back into negotiation. Generally, should something major surface during the inspection phase, we have already negotiated a 7-14 day period where alternative agreements and/or amendments can happen.
Inspection has passed, if necessary, amendments have been made and your closing date is approaching. This would be the time to engage your insurance company who will then reach out to your lender on policy details. Payment for the first year premium will happen at closing at the Title Company.
Appraisal & Survey
If you are getting a loan on the property, the lender will send an appraiser to give his/her independent assessment of what the house is worth. The appraiser has the final word on whether the home you are buying will satisfy the contract price. Should the home not appraise for the sales price there would be several avenues to discuss what happens next.
If applicable in your transaction, you may also be required to have a survey of the property. The survey is a depiction of the boundaries of the property and of the dimensions of the structural improvements on the property.
Throughout this process of searching, inspecting, and appraising, your lender has been working to finalize the paperwork on your loan. Additional items may be required during this time, but all of it is meant to ensure a clean and efficient closing. Often, a lender will require notification of any major purchases, new debt, or lowering of cash reserves as these issues may impact a final approval. Once everything is approved, all items will then be submitted to the Title Company where your closing will take place.
This is the final step. At the Title Company, you will sign all the requisite documents. Once all parties have signed, the bank will be notified a funding will take place. The home is now yours!
Contact the Korty Realty Group