How to Buy?

If you are a BUYER, The Promised Land Realty Group can:

  • Determine your buying power
  • Use vast, current resources to help you find your ideal home
  • Provide objective information about properties in your selection process
  • Provide due diligence during the evaluation of the property
  • Help you understand different financing options
  • Help you identify qualified lenders

                  The Buying Process

This series of steps will help you get the process going smoothly, as well as tell you what to expect along the way.

Find your Agent

Our agents will be your advocate and guide for the entire process. “The Promised Land Realty Group” requires every agent to have the highest level of integrity and they are all trained and ready to serve you from the beginning to the closing of your new home.

Be prepared to talk about what you want in a home and, just as importantly, what you don't want. This will help us make an educated search on your behalf. We will then send you listings that fit your needs.

We have a Spanish Speaking Specialist available for you.

Tenemos una especialista que halba español y esta desponible para usted 

Get pre-approved

Before you begin, you should know what you can afford. While a pre-qualification letter is easy to get, a Pre-approval is more reliable. At The Promised Land Realty Group we have preferred lenders and we will get you in touch with a lender who will get you to closing.

The home search

We will show you several houses, but the specific number depends on what you're looking for and what is available. You'll visit homes and together note the pros and cons, any repairs that may be necessary, and features that may help resale value in case you want to sell it later.

Make an offer and begin negotiations

So you've found "the one". The Promised Land Realty Group will act as a liaison by presenting your offer and the seller's response or counter-offers to you. Remember that we have your best interests in mind, and we are there to help you understand every step of the process.

Review the Purchase and Sales Agreement and set a closing date

When you and the seller reach an agreement on the home price, you will both sign a purchase agreement (also known as a sales contract). This contract also covers important details like method of payment, the time you’ll take possession and what (if any) appliances, fixtures and personal property are being sold with the home.

The home inspection

Because a home is a huge investment, you need to know its condition. A home inspection is usually set up within a few days after the contract or purchase agreement has been signed.

While it isn’t required for you to be present for the inspection, it is strongly recommended. By following the home inspector around and observing and asking questions, you will learn a great deal about your soon-to-be home; how it's systems work, and how to maintain it. You will also find the inspector’s written report, which you will receive after the inspection, easier to understand if you’ve seen the property first-hand with the inspector.

Get your mortgage

If you are financing your home, here are some terms you should know:

  • APR – Annual Percentage Rate – the annual rate of interest, fees and costs on a loan
  • FHA – Federal Housing Administration – an FHA loan is backed by the government, and can often offer better rates, lower down payments (5% or less) and easier qualifying criteria
  • VA – U.S. Department of Veterans Affairs – a VA loan is designed to help eligible veterans purchase housing with no down payment
  • FRM – Fixed-rate mortgage – a loan where the interest rate remains the same over the term of the loan
  • ARM – Adjustable-rate mortgage – a loan where the interest rate can adjust based on the cost of borrowing on the credit markets

Of course, these are just the basics. Your agent and mortgage lender will work with you to find the best options for your situation.

Final walk-through and closing

At closing, your weeks of planning and preparation finally pay off. Your agent will be by your side helping you during this part of the process.

Step 11: The best part: Move in!

Contact The Promised Land Realty Group to start the process today!!!