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Home Buying Process

Congratulations! You’ve made the decision to buy a new home!

Once you’ve made your list, contact your local Coldwell Banker Residential Brokerage agent to begin the home buying process. If you are not already working with a Coldwell Banker Residential Brokerage sales associate, click on Agent and Office Search on our home page to find one that matches your needs. Be assured that you will find a professionally educated, experienced sales associate to offer you agency representation options and full service.

 

Your sales associate can put you in contact with Coldwell Banker Home Loans so you can be pre-approved for a mortgage before starting the house hunting process. Although the pre-approval is not a final loan commitment, the pre-approval letter will demonstrate your financial strength and ability to go through with the purchase when you are ready to make an offer.

 

Your sales associate can provide detailed information on any property currently listed for sale, including Coldwell Banker Residential Brokerage listings, as well as all other broker listings on the Multiple Listing Service. In addition, your agent can also provide information on homes that you see advertised for sale in the newspaper, online and advertised “For Sale by Owner." Your sales associate is the only resource you’ll need. In addition, during this initial phase of your home search, you may wish to begin the process of selecting a local real estate attorney to represent you once you have an accepted offer on a home. If needed, your sales associate can provide you with a list of local attorneys that specialize in real estate.

 

The next step…you've found a home and you’re ready to make an offer!

The initial step will be to instruct your sale associate to make an offer. The paperwork process can vary between regions of Atlanta. Typically, you will provide your sales associate with the following information for them to relay to the seller’s associate regarding the paperwork required in their marketplace:

  • The amount you are willing to pay
  • Mortgage amount
  • Closing and occupancy dates
  • Contingencies, such as obtaining a mortgage, building inspections, and pest inspections to include where appropriate (but not limited to): termite, pest, radon, water potability, well, lead, septic, oil tank, etc.

  

Any personal property specifically included or excluded. If the offer is not acceptable to the seller, further negotiations may be necessary to reach terms agreeable to both buyer and seller. Because counter-offers are common (any change in the offer can be considered a counter-offer) it is important that you remain in close contact with your sales associate during the negotiation process so that proposed changes can be reviewed and responded to quickly.

You have an acceptable offer!
Since the contract writing procedure, down payments required, building inspection, contingency dates, etc., vary within regions of Atlanta, please consult with your sales associate so they can inform you of the immediate action steps. Timing is critical at this stage!

 

Between contract and closing

Our exclusive concierge program was developed to assist you with the services you need before, during and after your move. From moving companies and new community information to home improvement services, we’re here to help you every step of the way. Please see the concierge section within this website for further details. 
 

What to expect at the closing

The closing is a formal process where all parties sign the paperwork needed to complete the transaction that transfers the property from the seller to you. The seller receives payment for the home, and you receive the house keys! From the amount credited to the seller, the title representative subtracts the funds required to pay off the existing mortgage and other transaction costs. Deeds, loan papers and other documents are prepared, signed and ultimately filed with local property record office.

 

After the closing

At closing and beyond, our Concierge service is here to assist you with all the details as you move into your new home! Be sure to visit the Concierge Services section of our website.