Let Doug and Jill be your guide to buying a home in Chester and Delaware County, PA! Our clients love our approach to the home buying process. We prefer to listen to our clients’ needs and priorities while working at each client’s preferred pace. Our role is to be available & informative without any pressure at all. We’ll typically follow these steps:
We'll discuss your needs & priorities and determine your time frame, which will set the pace for your search. Some clients need to close asap, while others have plenty of time to browse & make their decision. During this consultation, we’ll identify your price range, the type of property you need, & we’ll discuss which areas/neighborhoods would be a good fit. If you need help with a mortgage pre-approval, we’ll give you a list of preferred lenders.
Our online platform will start working for you right away, automatically emailing you new listings that fit your criteria as they hit the market. You'll be able to save favorites and remove properties that you don’t like. We typically like to include as many areas/neighborhoods as could possibly fit your search and then remove neighborhoods & areas as you narrow your search down. Likewise, we like to set up the property criteria broadly (price, beds/bath, square footage) and then add more criteria as you define your “must haves” in a home.
We usually recommend setting up a 2-4 hour appointment to view multiple properties on the first 1-2 outings. Since you’ve just begun your search, there is the most inventory that you’ve not yet viewed, so we’re able to look at quite a few houses in a short period of time. As we look at homes, you will naturally like some properties and dislike others. We’ll discuss what it is you like & dislike about properties so that it’s easier to determine what properties are a good fit in the future.
When it’s time to make an offer, we’ll run a Comparative Market Analysis (CMA) to determine the Fair Market Value (FMV) of the property. we’ll talk to the listing agent to see if there are other offers on the property and then put together an offer contract, which has every term of the contract outlined in detail. Sometimes the seller will accept your initial offer, but typically there are 1-3 rounds of negotiations. After we’ve come to terms on the contract, you’re officially under contract!
After you’ve put the property under contract, you will need to deposit earnest money with the seller. You’ll have 7-10 days to have the property inspected and negotiate any repairs. The inspection will typically cost $500, which is the last check you will write before closing. Closings are usually 45 days from the contract date, and is outlined in advance in the contract. Contract to close has quite a few steps, and more details are available.
You’ll receive the settlement statement from your lender 3 days prior to closing. This shows you exactly how much you need to wire into the title company and shows you what you’re paying for at closing. If you would like to schedule a final walk through of the property, I can do so the night before or the morning of closing. I like to schedule closings at 2PM or earlier to make sure the sale is recorded on the same day. Unfortunately, you don’t get your keys until the closing has been recorded, which takes 1-2 hours after the last party has signed. As soon as the property has closed, you can either pick up the keys from your closing attorney.
It’s natural for you to have questions about the home & homeownership after closing. we’m always available to answer questions and to provide you with referrals to any vendors you may need. It’s not uncommon for us to stay in touch with our clients for years after closing and in many instances we become good friends with our clients.
We founded the Taylor Real Estate Experience to provide our clients with a better way to sell and buy residential real estate. Our passion for real estate can be traced all the way back to 1987, developing homesites for national home builders throughout Southern New Jersey. Today, we are driven to maximize our client's return on investment, while limiting the amount of time they spend on the emotional roller coaster ride that can occur during the sale or purchase of a home.
Effort, Attitude and effective communication are the cornerstones of every single transaction, whether you're a two hundred thousand dollar client or a two million dollar one. Additionally, our backgrounds are firmly rooted in negotiations, sales, marketing, finance, technology, and production. Simply stated, we're better trained to provide our clients with an exceptional level of performance and service.
Lastly, we're steward-like and reliable and it's these qualities that give our clients the confidence to go about their business, while we handle ours navigating the transaction to a successful closing. Call us today for a free no-hassle consultation and ask about our 37-Day Cancellation Guarantee. We look forward to helping you, get to the next destination in your life.
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