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BUYING YOUR HOME
WITH TROPHY POINT REALTY GROUP
HOMES FOR SALE IN SAVANNAH GA
THE PROCESS
TO FIND YOUR NEW HOME
An old adage in real estate is this – you make your money when you buy. That means you can’t pay too much now or you’ll be in a tough situation later. At Trophy Point, we pride ourselves on getting the best deals for our clients because we hope to earn your business again when you’re ready to sell.
1. LET'S FIND YOUR HOME
2. FIGURE OUT FINANCING
SPECIAL NOTE
Make sure to not open any new lines of credit from the time you get your pre-qualification letter through closing. Buying a car, opening a new credit card, etc. could heavily impact your lender’s ability to loan the amount you need for your home.
3. BUILD YOUR TEAM
Keep in mind that you will need money for an earnest money deposit (amount dependent on a few things, so chat with your agent if you haven’t already about how much to expect) and about $400-500 for an appraisal more immediately than you’ll need money for a down payment. Earnest money is a part of almost all offers, usually given within the first week of an accepted offer that tells the seller, “hey, we’re serious about buying this place!” It is totally refundable if you want to walk away from the contract before due diligence period ends (which is after we will get our inspection report back and ask for repairs). Assuming you close on the house, the earnest money deposit goes directly toward your down payment.
4. MAKING OFFERS
This is what most people refer to when they say an “offer”. It includes the basics like your offer price, the timeline you’re proposing, and anything you want to ask for (like a home warranty or termite warranty at no cost to you). Your agent will walk you through the contract and strategize with you to come up with a strong offer and make sure you feel confident with your offer.
This lets the seller know which lender you plan to use, how long it will take for you to receive your loan approval from the lender, and how long it will take for your appraisal to be done. This document also allows you to terminate the contract if your loan is disapproved or the appraisal comes in low during the timelines you provide in this exhibit.
This tells us everything the seller knows about their property. It isn’t the same as an inspection, but can give an idea of the state of the property.
If the house has any HOA fees or is a part of any type of association, this disclosure should be included so that you know what fees and regulations you will need to abide by should you close on the house.
5. UNDER CONTRACT PERIOD AND CLOSING DAY
