Here we go. We're about to go through the PROCESS of buying a home. During the next month we'll discuss all the important steps involved in moving from where you're at now into the home you've always wanted. Ready?
First a thought about the concept of buying a home....AS A PROCESS.
Want to buy an orange? Start car. Drive to grocery. Go in. Find orange. Make way to checkout. Pay. Leave. Home. Eat. This is the PROCESS. And with buying a home, it's just about this simple.........well.....no, it's really not.
And the reason it's not even remotely as easy is that the tasks that we perform when buying an orange (start,drive,go,find,make,pay,leave&eat) are tasks that we have done on our own, all our life, and are able to do without much of even a thought. Compare that to the following (short) list of tasks we have to do during the PROCESS of buying a home.
(Agency, Multiple Listing Service, FICO, preapproval/prequalification, HUD statements, Value Range Marketing, FSBO's, contingencies, addendums, title insurance, liquidated damages, highest and best offer, appraisals, escrow, loan conditions, ethics, disclosures, time periods, cancellation rights, and closing....just to name a few).
Even if you think you know what each of these tasks represent, in the setting of the home buying PROCESS they are very complicated, highly charged, tasks that define and protect the multiple parties to the sale. For instance, unlike our orange buying example, which involved one person, a store, perhaps a clerk, and yes, an automobile, a real estate transaction involves agents, Realtors, lawyers, title officers, lenders, underwriters, escrow officers, warranty representatives, property inspectors, appraisers, experts in natural hazard disclosures, transaction coordinators, and yes, sellers and buyers who may be individuals, corporations, trusts or partnerships. We're talking about some serious muddling/clearing up of the tasks by these folks, so the home buying process is much, much more complex.
First a thought about the concept of buying a home....AS A PROCESS.
Want to buy an orange? Start car. Drive to grocery. Go in. Find orange. Make way to checkout. Pay. Leave. Home. Eat. This is the PROCESS. And with buying a home, it's just about this simple.........well.....no, it's really not.
And the reason it's not even remotely as easy is that the tasks that we perform when buying an orange (start,drive,go,find,make,pay,leave&eat) are tasks that we have done on our own, all our life, and are able to do without much of even a thought. Compare that to the following (short) list of tasks we have to do during the PROCESS of buying a home.
(Agency, Multiple Listing Service, FICO, preapproval/prequalification, HUD statements, Value Range Marketing, FSBO's, contingencies, addendums, title insurance, liquidated damages, highest and best offer, appraisals, escrow, loan conditions, ethics, disclosures, time periods, cancellation rights, and closing....just to name a few).
Even if you think you know what each of these tasks represent, in the setting of the home buying PROCESS they are very complicated, highly charged, tasks that define and protect the multiple parties to the sale. For instance, unlike our orange buying example, which involved one person, a store, perhaps a clerk, and yes, an automobile, a real estate transaction involves agents, Realtors, lawyers, title officers, lenders, underwriters, escrow officers, warranty representatives, property inspectors, appraisers, experts in natural hazard disclosures, transaction coordinators, and yes, sellers and buyers who may be individuals, corporations, trusts or partnerships. We're talking about some serious muddling/clearing up of the tasks by these folks, so the home buying process is much, much more complex.
So as we embark over this next month on a discussion of how get started, how to move forward, and ultimately how to complete the purchase of your home, remember that their IS a process, one which you can learn about here, and that process is at the heart of any success you'll eventually have in that purchase.
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