Buying a Home
Buying a home is an exciting and complex adventure. CLICK HERE for a list of the perfect homes in Anchorage emailed you to. Or send us an email to schedule an appointment to start your home search. It can also be a very time-consuming and costly one if you're not familiar with all aspects of the process, and don't have all the best information and resources at hand.
One of our specialties is representing the best interests of Anchorage and Eagle River area buyers throughout the home buying process. Our comprehensive, high-quality services can save you time and money, as well as make the experience more enjoyable and less stressful.
If you're like most people, buying a home is the biggest investment you will ever make. So whether you're buying a starter home, your dream home or an investment property, why not take advantage of our experience as local market experts for Anchorage, Eagle River, Chugiak, Birchwood, and Thunderbird Falls to make the most informed decisions you can, every step of the way?
The following articles provide useful information and are a great place to start if you're considering buying a home.
|Our Home Finding Service Commitment |
Want a signed agreement that shows what we will provide? We have one and we are willing to customize that agreement to fit your needs. The following are what we typically provide to home buyers:
1. Selecting and viewing homes:
- Consult with you to discover your needs, interests and concerns before developing a planned home search.
- Provide you with a login and password to our Client Log-In page where you can access all the results to any search you have given to us. From the results you can save favorites, mark some as rejected or mark some as possibilities. You can even message us about homes you want more information on.
- Plan a home search based on your needs.
- Introduce you to properties and neighborhoods that meet your requirements based on our plan.
- Pre-select properties that match your criteria.
- Present your property-search criteria to Jack White Real Estate professionals in my office, to gain access to properties that have not yet reached the open market.
- Save time by pre-scheduling showing appointments.
- Provide sources of information on questions of interest to you, such as schools, neighborhoods, and transportation.
- Prepare a preliminary estimate of the costs associated with buying a property.
3. The Contract:
- Help you obtain the financing on becoming pre-qualified or pre-approved for a mortgage.
- Obtain a 90% letter from the Lender.
- Obtain a good faith estimate from the lender with monthly payments and closing costs for the prospective property.
4. The Transaction:
- Assist in preparing a purchase offer on the property of your choice
- Deposit of earnest money into Jack White Real Estate trust account
- Review information on sales of comparable homes to help you decide on the price and financing terms that you want to offer.
- Provide you with advice and information on other terms for you to consider, such as possession date and personal property. Provide you with a calendar timeline outlining the contract dates that must be met.
- Recommend that you obtain professional home and other inspections. Where appropriate, recommend that the purchase be contingent on a professional appraisal of value.
- Explain to you the option of a home warranty, which can reduce your liability
5. As the Transaction Progresses
- Present your offer to the seller, through their real estate professional, or if possible to both their real estate professional and the seller. For offers made to those selling by owner, make the presentation to the owner.
- Negotiate the contract, including the handling of counter offers, to reach an agreement that is acceptable to you
- Send a copy of the contract to the Lender.
- Meet the home inspector at the property with you; give the Inspector a copy of the Property Disclosure, and then review the inspection reports with you.
- Prepare a Home Inspection Acceptance listing the conditions to be fixed as reported by the Inspector. Send a copy of the Inspection to your Lender and the Listing Licensee.
- Make sure Lender orders the appraisal in a timely manner and that the Title Preliminary Report has been ordered.
- Review the Preliminary Title Report and (for Condos or homes with Home Owners Associations) the Resale Certificate.
- Verify that any appraisal related repairs are completed.
- Accompany you on a comprehensive walk-through of the property before closing (if provided for in the agreement) and assist you in managing any problems discovered during the final walk-through.
- Follow up on any remaining details after the close of sale, and provide you with information on additional services that you may need.
- Request and review the HUD Settlement Statement from the Title Company which will include down payment and closing costs.
- Schedule and participate in closing of escrow at the Title Company.
- After title has recorded - GIVE YOU YOUR NEW KEYS!
- Keep a record of the transaction for seven years in case you need any paperwork.