Buying a Home
Ready to buy a home? Start with these three easy steps.
STEP
Most people think the first step in buying a home is finding a real estate agent. In reality, it’s getting pre-approved for a mortgage (unless you’re paying all cash). Pre-approval gives you a clear budget and shows sellers you’re a serious buyer. During this step, we review your credit, income, and assets to determine exactly what you qualify for.
STEP
Once you have your pre-approval letter, you’re ready to define what you want in your new home. Start by creating a list of must-haves - such as number of bedrooms, preferred location, and style of home, to guide your search with clarity and focus.
STEP
With your goals defined, you’re ready to start viewing homes. Based on your budget and priorities, we’ll work closely with you to find the right property and guide you every step of the way.
Real Estate Agent + Mortgage Broker
Contrary to popular belief, a licensed real estate agent can also serve as your mortgage broker on your home purchase. This dual role creates a smoother, more streamlined experience with one trusted point of contact.
With a clear understanding of both the property and your financial profile, a dually licensed professional can better assess value, identify risks, and ensure you’re making a confident, well-informed decision.
FAQs
This is the legal contract a buyer and seller enter into once the buyer’s offer has been accepted by the seller. It outlines the terms and conditions of the sale and is signed by both parties.
Earnest money is a deposit a buyer places into escrow to show they are serious about purchasing the home. In return, the seller marks the property as "pending" and no longer "active". At closing, this deposit is applied toward your down payment and closing costs.
A home inspection is when a home inspector is hired to examine the home’s health, safety, and major mechanical systems. If any issues arise from an inspection, the buyer may be able to renegotiate their offer.
Escrow is a third-party process in which documents and funds are deposited by buyers, sellers, and lenders to facilitate the closing of a real estate transaction.
Closing costs are the fees associated with processing and finalizing your loan. These may include underwriting, appraisal, credit report, title and escrow, recording fees, as well as initial deposits for homeowners insurance and property taxes. On most transactions, closing costs typically range from $8,000 to $15,000.
IPM, LLC dba
IPM Real Estate
License #: 23008673
IPM Mortgage
NMLS #: 2488721
