Buying

What you need to know about the Buying Process and How Working with Us Makes All the Difference

Buying a Home

Buying a Home for Sale in Upstate SC | All Star Company

Buying a home can be one of the most challenging and one of the most rewarding things you can ever do.  We are here to help you eliminate as many challenges as possible so you can enjoy the rewards of home ownership.  Buying a home isn’t just about building wealth, it is about having a place that you can call your own for years to come.  It’s not just a place to lay your head at night.  It’s the spot that will become your happy place!  It’s also a big decision and one you shouldn’t (and we don’t) take lightly.

We have been helping buyers for years find their first home, their dream home, their transition home, or their last home for many years.  It is commitment we make to you to do everything we can to get you the right home for the right price.  We will take you step by step through the process of buying a home and give you the knowledge you need when it’s time to start looking.

Pre-Approval – Step 1!  Meet with an experienced loan officer.  They will assist you in determining which loan best meets your financial situation as well as help you to determine the price range in which you should be looking.  Most Sellers require a Pre-Approval Letter when making an offer, so it is best for you to do this before starting your search.  If you need help getting started feel free to CONTACT US and we will provide you a list of preferred lenders in your area.

TIPS OF THE TRADE: Go Local! When you chose a loan officer, find one that is local who will work for you outside normal business hours.  Real Estate doesn’t just happen weekdays 9am-5pm, so your loan officer should be willing to work outside those hours too.

Hit the Streets – Once you’ve been pre-approved, we will meet to get to know you and your “must have” and “wish” lists better.  In addition to scouring our listings and three different MLS systems, we have contacts of potential sellers who have told us…”if you have someone wanting this, let us know.”  We use these tools to find properties that match your desires.  We also encourage you to look on our website and Realtor.com daily and send us homes you like.  This helps us to hone in on your exact likes and dislikes.   Once you find one you like, we will hit the streets morning, noon, and night to help you find the right one for you. 

Making an Offer – Once you’ve found the home of your dreams, as your agent, we will help you to determine the market value of the home and guide you in what terms and conditions to include with your offer. We will never push you into making an offer on the wrong home.  As a matter of fact, if you want to offer and we don’t feel the situation is right for you or your offer is too high, we will be the first to tell you.  Of course, the choice is yours, but we will always be honest in our opinions and put your home purchase above a commission every day, all day.  

Negotiations – A Seller can accept your offer, reject your offer, or counter your offer with something that is more beneficial to them.  It is during this time that we will put our best negotiating skills to work.  As full time agents, we live and breath the real estate market.  We are constantly sharpening our negotiating skills through research, podcasts, and more.  We use this experience to help you get the best price possible.

TIPS OF THE TRADE: Out of the box negotiating tools we use include Escalation Clauses, Paying Seller Closing Costs, Paying for Deed Stamps for Seller, Identify Value-Creating points for the Seller and use them to your advantage. & using the Power of No.  Want to learn more?  CONTACT US know to discuss our negotiating techniques in more details.  

Acceptance of Offer – Once your offer has been accepted and all required documents have been signed by you and the Seller, you are officially under contract!  This means, as long as all goes according to plan, no one else can purchase the home!  Getting the offer accepted is really the jumping off point.  From here, we don’t pass you along to an assistant.  We will take the reigns ourselves to walk you through the home inspection, negotiating repairs, the loan process, and more to make this transaction as smooth as possible.  

Getting to the Closing Table – Your Loan Officer will begin processing your loan as soon as we go under contract.  We take care of getting all the proper documents to both the loan officer and the attorney’s office to get the ball rolling.  You may be asked to provide several documents over the course of the next 4-6 weeks, so be prepared.  During this time, your Loan Officer will order an Appraisal, which will confirm the home is valued at or above the purchase price.  There is a lot to do during this time, but don’t worry, we will be with you every step of the way.

See you @ The Attorney’s Office – It’s time to OWN YOUR HOME!  The attorney of your choice will prepare all the legal documents required in order to complete the purchase of your home.  Once there, you can expect to spend about an hour signing documents and at the end, the keys are yours!  As is the case throughout the process, we’ll be at closing to handle any last minute hiccups that may arise.

Are you ready to get started? Click below to start your house hunt today!

TYPES OF LOANS

When buying a home, there are several different loan options available to you.  Below is a brief explanation of the most popular types of loans.  When meeting with your loan officer for pre-approval, ask them about any special programs they offer, including no down payment and down payment assistance options.

     CONVENTIONAL LOANS are loans that are not guaranteed by the government and therefore, may or may not conform to Fannie Mae and Freddie Mac lending standards.

     FHA stands for Federal Housing Administration and it is a government agency that works with only FHA approved lenders.  FHA loans are designed to be more flexible than a conventional loan in that it was designed to help buyers with less than perfect credit or lower income still be able to purchase a home.  That assistance comes with a price in the form of Mortgage Insurance Premium, which is 1% of the purchase price and is paid @ closing.

203K Loan is an FHA loan that allows the home buyer to purchase a home that needs some work, and essentially provides the financing for that work.  The basics are that you have to have 3.5% of the home’s future value for a down payment, but most other requirements follow standard FHA guidelines. For more details on this loan, Contact Us because it’s really something we should talk about.

     VA loans are provided by the Veterans Administration.  They are much more flexible in their lending standards than other types of loans.

     USDA LOANS are government backed loans that offer 100% FINANCING for the purchase of a single family home in a rural area.  You can view the USDA Eligibility Map to determine if a property qualifies.

The mortgage institution of your choice can help you to determine the best option for you when buying a home.

If you have any questions about the different loan types or about which loan is right for you, email us at AllStar@AllStarSC.com for a list of Lenders in your area that can help you when buying a home.

A Word from Some of Our Clients...

April has was fantastic to work with. We gave her a tough assignment and she never flinches. Her guidance and expertise throughout the entire process was a comfort to my wife and I. Highly recommend.  -Rocky French

 

April worked with my wife and I patiently for about a year before we closed on our first home. She showed us multiple homes that were in our budget and within the limits of what we were searching for. April worked very hard for us and it seemed to be a joy for her to do so. The staff at All Star advised us in the negotiating process and were in our corner and available all along the way. Personally, I would do business with no other realtor in the future!  -Richie Reese

 

All-Star Real Estate is a professional and wonderful company to help you find the right home! I highly recommend them to any family searching for the perfect home. A super supportive and reliable company to work with.  -John Michael Zerbonia

 

We are so thankful to have found the perfect house for our little family! April helped us find our first home as a couple several years ago, and now we have started a new chapter in the home where our kids will grow up! Thank you for everything!  -Kelly Adams

 

April has been helping me for four years now. No matter how many email’s or phone calls, she always responded promptly. Her sense of urgency when handling my questions and knowledge of the local area was invaluable. She treated me like family and was honestly a great agent who went above and beyond to meet my needs.  -Enrique Salinas

Take Advantage of Our Knowledge. CONTACT US TODAY!

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