Find Your Dream House with Home Rivet Realty

    The best time to buy when you are financially stable. It’s important that you have reserve money to be used in time of emergency. Purchasing a property is most likely the biggest financial decision you will ever make. The question for you to ask, is it feasible to have your own house or just rent? Is buying property gives you long term benefits or liability? These questions need to be answered. 

   At Home Rivet Realty, we understand that finding the perfect home is a journey. Our team is dedicated to helping you navigate the real estate market to find a home that meets your needs and exceeds your expectations. We offer personalized services and expert advice to ensure you make the best decision possible.

1. Two years copy of your income tax return. 
2. Recent payroll stub
3. Bank Statements
4. Investment Statements
5. Personal periodic expenses 
6. Lfe insurance, stocks, bonds, and mutual fund account and 401K statements, 
7. All statement of existing loans .

 Select only few properties that interest you the most. Let your real estate agent make appointments to see the property. Inquire to your real estate agent about the potential long term resale value of the properties that you are aiming. Consider the status of neighborhood including parks, commuting distance, schools, hospitals and grocery store. Visit the area and make your own personal assessment. 

  Choosing right licensed real estate agent is crucial when buying property because these requires making many important financial decisions, understanding complex issues and completing a lot of paperwork. At Home Rivet Realty, we are dedicated to help you navigate the real estate market to meet your need. We are happy to help in guiding you through all this process.

  Your credit score will have a huge impact on what type of property you can buy, and how much loan amount you can borrow. The lender will research your credit ratings from the three credit reporting agencies Equifax, Experian and Trans Union. We will be happy to recommend you to experienced, knowledgeable lenders in the residential, construction, and commercial and real estate for investment.

  This includes all negotiations prior to signing a contract. Once you picked up the property you need, request your real estate agent to help make an offer to seller. You real estate agent can help you formulate the offer to buy process,.  

  Prepare initial deposit and sign purchase agreement. Keep written records of everything including but not limited to all written and verbal agreements, counter-offers, and addendums. All verbal agreement to be converted into written agreements to be signed by both parties. At Home Rivet Realty, we can assist you to prepare all the paperwork and to make sure that you keep copies of all signed documents.  Complying all the requirements on timely manner ensures avoidance of breaching contracts. 

    The closing agent will research the recorded history of the property to ensure that the title is free and clear of encumbrances by the date of closing and that all new encumbrances are properly added to the title. There may be recorded easements and encroachments, which limit the rights to use your property. A closing agent either an attorney or title company is needed to do this process. You will need to have natural hazardous material checking. 

   Inspector is needed once your offer is accepted by the seller, The inspection must be completed within the time frame as indicated on agreement. The inspection including but not limited to roof, sewer, foundation, electrical, plumbing, general structures. 

After property was inspected, and received cost for restoration, you as buyer can either: let the seller fix the damage or credit the whole amount from price of selling price. 

However, this transaction must be negotiated and agreed between buyer and seller.

   The property need to be appraised by a licensed appraiser per request of lending institution to determine the value.  Appraisers determine the value of properties, based on a combination of square footage measurements, building costs, recent sales of comparable properties, and operating income.  However, the lender will let you know if there are more additional document needed, 

    Property insurance are required by lender If you are obtaining a loan.

Inquire your insurance agent for possible discounts. If you are over 55 years of age, you may entitled for discounts. You may be able get a lower premium if your home has safety features such as dead-bolt locks, smoke detectors, an alarm system, storm shutters or fire-retardant roofing materials. 

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 The final inspection takes place a day before, or the day of the closing. You will visit the property to verify that all is in working order, everything is the same as when you last viewed the property, that there are no extra items left behind, and that everything included in your purchase is still at the property. During closing period, documentation is provided to all parties. 

 The seller should arrange to have all property keys and any other important information for you at the closing so that you may receive these items promptly. The closing agent will furnish all parties involved with a settlement statement, which summarizes the details of everything. You and the seller(s) will sign this statement. If there is still need to be paid, you wire the money to escrow.