Buy a Home

BUY A HOME WITH US

Working with the Cannida & Company Team you will experience a very knowledgeable hardworking team with exceptional customer service and positive attitudes who are committed to finding a solution for all of your real estate needs. Buying a home is one of the biggest financial goals you will accomplish. Our real estate team is here to help you find the BEST! In the current market you need a real estate team that will go above and beyond. We find on market homes, off market homes, for sale by owner homes, and coming soon homes. Additionally we offer our clients virtual showings if needed via facetime, google duo, whats app, IG or videos. Due to the wild and crazy spontaneous real estate market we are currently in... there will be no same day showings. All showings must be approved 24hrs before actual appt. Why? Easy: We want to make sure our clients enjoy their house shopping experience by not being let down by homes that show available (via the internet) when they really are not. Simply put, we have to call each home you have interest in to make sure it is 100% available with no accepted offers, that we can access it via a supra/lockbock combo, and that no one is inside the home, etc. To make sure all of our clients never miss touring homes they have interest in we will personally show you homes or have one of our amazing showing agents show you the property! We want all of our clients to have a stress free and smooth experience. We look forward to working with you to find the BEST HOME!

 

 

10 Steps to Buy a Home

  1. Buyer Consultation

  2. Get Pre-Approved

  3. House Shopping

  4. Make an Offer

  5. Under Contract 

  6. Earnest Money

  7. Due Diligence

  8. Inspection

  9. Appraisal

  10. And finally……… Closing!!!!


5 Must Haves in Your Home Define 5 things you must have in your Home!


Why Get Pre-Approved

 

What Your Lender Needs: Your lender needs you to be honest about your finances and responsive to all requests for additional information. The more cooperative you are with a lender, the easier the loan process will be.

Must Have: tax returns, W2s, bank statements, employer names and addresses, and your current landlord’s information. Letters of Explanations for any unusual circumstances.

What’s Next: Your lender will generate a mortgage pre-approval based on your debt-to-income ratio and credit score, but you should also consider your budget and your own comfort level with the payment amount.



Make an Offer & Go Under Contract

DID YOU FIND A HOME YOU LIKE/LOVE? LET'S MAKE AN OFFER!! We can set up the offer for you to esign!! We negotiate the BEST terms for you!!

  1. Purchase Price

  2. Closing Cost for the Seller to Pay

  3. Earnest Money 

  4. Due Diligence Period

  5. What will you ask for (appliances, home warranty, fix something, etc.)

  6. Closing Date



Earnest Money, Due Diligence Period, Inspection & Fee, and Appraisal & Fee

 

Earnest Money

  • Usually 1% of the Sales Price

  • Comes back to you at the Closing Table

  • It is deducted from your Final Cash to Close (ex. Cash to Close/Down Payment $4,000.. Earnest Money $1,000… Bring to Closing $3,000)

  • Example Sales Price $100,000 x 1% = $1,000

  • If you go new construction you will put down a builder's deposit which can range from $1000 to $2500 to $5000 depending on the builder.

  • You can get earnest back if we terminate during due diligence, if the seller doesn't agree to reduce to the appraised price or if your loan is denied.

A Professional Inspection is recommended so you can check the Structure, Exterior, Roofing, Plumbing, Electrical, Heating and Air Conditioning, Interiors, Ventilation/Insulation, and Fireplaces for the home you are buying.

  • Fee: $300-$450 (paid by you)

  • Inspection can take 2-3 hours to complete

  • Walk Through Last 30 Minutes with the Inspector

  • Report given within 24 hours

  • We can ask the seller to repair any items before closing    (typically it's BEST to ask for Major vs Minor Repairs)

Due Diligence

Due Diligence refers to a stipulated period within a real estate contract for a buyer to investigate the property in question to ensure that they are satisfied with it before the purchase is finalized. If you are not satisfied you have 10 DAYS to decide to keep this home or find another!!

Appraisal

  • A property appraisal is an estimate of a property's value. 

  • Property value is based on such factors as location, amenities, structural condition and recent sales of similar local properties. 

  • A home appraiser conducts the process.

  • Fee: $450-$525 (paid by you to the lender)