Buying Your Central Oregon Home
You're Ready to Buy, and We're Ready to Help
Finding a home you like can be a walk in the park. With property search sites like Zillow, Realtor.com, and more, it has never been easier for anyone to view and find their next dream home. So if you can find the home you want so easily, why are realtors still so important?
Choosing a home you like is only one of many steps in the lengthy, paperwork-filled, and legally-binding process of purchasing a home. A good realtor can not only help you view and decide on the home or property that's perfect for you but also walk you through the processes of negotiations and buying. With our help, all you have to worry about is when you can move in.
The team of brokers at Village Properties at Sunriver has the knowledge of the market and of the available properties to guide you in making an informed decision.
Why You Need a Real Estate Broker
A real estate broker can simplify the buying process, making it more efficient and less overwhelming. Using a real estate broker provides several game-changing advantages:
Market Insight and Expertise
Brokers understand the local real estate market, including pricing trends, neighborhood dynamics, and property values, which can help you make informed decisions.
Negotiation Skills
Experienced brokers are skilled negotiators who can help you get the best price and terms for your property.
Access to Listings
Brokers have access to comprehensive listings through Multiple Listing Services (MLS), giving you more options than you might find on your own.
Paperwork and Legalities Expertise
Real estate transactions involve a lot of paperwork and legal requirements. A broker can handle these details to ensure everything is completed correctly and in compliance with local laws.
Network Connections
Brokers often have connections with other real estate professionals, such as lenders, inspectors, and contractors, which can be helpful throughout the buying or selling process.
Guidance and Support
A broker provides support throughout the entire process. From starting the home search to closing, your broker helps to alleviate stress and uncertainty.
The Home Buying Process
The home buying process can be complex, and breaking it down into steps can make it more manageable. Here is a general overview of the home-buying process:
Step 1
Sept 2
Step 3
Step 4
Step 5
Step 6
Step 7
Step 8
Step 9
Step 10
Assess Your Financial Situation
Get Pre-approved for a Mortgage (See Preferred Lenders)
Find a Real Estate Agent
Start Your Home Search
Make an Offer
Negotiate the Offer
Complete a Home Inspection / Other inspection
Finalize Your Mortgage
Closing Process
Moving Into Your Home
Meet Your Team
Village Properties at Sunriver is family-owned and operated, providing you with an intimate knowledge of the local real estate market since 1985. If you are looking for straight talk with logical, knowledgeable answers then just call us and one of our friendly brokers will be glad help.
Mark Halvorsen
Owner & Principal Broker
Jonathan Ball
Real Estate Broker
Mitchell Halvorsen
Real Estate Broker
Michael Maizel
Real Estate Broker
Frequently Asked Questions
These FAQs provide a good starting point for anyone looking to buy or sell a home. Consult with real estate professionals for personalized advice based on your situation.
-
What is the first step in the home buying process?The first step is to assess your financial situation, including checking your credit score and determining your budget.
-
How much can I afford to spend on a home?This depends on your income, existing debts, credit score, and how much you can put down as a down payment. A mortgage calculator can help estimate monthly payments.
-
What is a pre-approval, and why do I need it?Pre-approval is a lender's commitment to loan you a certain amount based on your financial situation. It helps you understand your budget and strengthens your offer.
-
What are closing costs?Closing costs are fees incurred during the purchase of a home, typically ranging from 2% to 5% of the purchase price. They can include loan origination fees, appraisal fees, inspections, and title insurance.
-
What should I look for during a home inspection?Look for structural issues, plumbing problems, electrical systems, roofing condition, and any signs of pests or mildew.
-
How long does the home buying process take?The time varies, but it usually takes 30 to 60 days (about 2 months) from the accepted offer to closing.This is with a standard conventional loan.
-
What is the role of a real estate agent?A real estate agent helps you navigate the buying/selling process, provides market insights, negotiates on your behalf, and manages paperwork.
-
What is an earnest money deposit?It is a deposit made by the buyer to show commitment to purchasing the property, which will be applied to the down payment or closing costs.
-
What happens if my offer is accepted?The transaction moves into the due diligence phase, including inspections, appraisals, and finalizing financing.
-
Can I back out of the deal after making an offer?Yes, you can with a valid reason during the contingency period. Please consult with your real estate agent on how you can back out of a deal successfully while protecting your earnest money.
-
What are contingencies in a purchase agreement?Contingencies are conditions that must be met for the sale to proceed, such as financing approval, successful home inspection, or selling the buyer's current home.
Ready to Find Your Next Home?
Contact One of Our Real Estate Brokers!
1-800-786-7483 ext. 3