Home Buying Process explained: real estate terms you need to know when buying home
#homebuyersguide
🏠 Unlock the secrets of real estate terms with Val Milan, your trusted realtor in Hampton Roads, Virginia! 🌟 With over nine years of experience and a track record of success, I’m here to guide you through every step of the home-buying process.
🔍 In this detailed video, we decode the jargon you'll encounter while purchasing your dream home. From MLS to making an offer, understand each term with clear explanations and real-life examples. Learn why using sites like Zillow and Realtor.com might not always show you the most current listings and how I ensure you only see homes that are truly available.
📅 Showing Appointments Made Easy: Discover how flexible scheduling can make viewing potential homes stress-free, whether it's early morning, late evening, or weekends. Can't visit in person? No worries! I’ll bring the showing to you with a live video call or a detailed video tour.
💡 Making an Offer: Understand what goes into making a compelling offer, the importance of an earnest money deposit (EMD), and why a pre-approval letter from a lender is crucial.
🛡️ Navigating Contingencies: Learn about the safety nets in your contract that protect you as a buyer and ensure you make informed decisions.
🎬 This video is packed with over 100 five-star insights from my real-life experiences helping clients like you find their perfect home. Perfect for first-time home buyers, upgraders, or investors!
🔑 What you will learn:
• 0:00 Introduction
• 0:51 What is MLS
• 1:21 Showing
• 1:48 What OFFER is, what must be included in the offer
• 02:06 What is EMD or earnest money deposit
• 02:20 PRE-APPROVAL LETTER, importance and timing
• 02:42 CONTINGENCIES: What are Contingencies, Types, and how do they protect you as the BUYER during the home buying process
• 04:28 CONTRACT; when the offer becomes a binding contract
• 04:48 HOME INSPECTION: who performs the inspection, what is being inspected, results and how you can use the home inspection report.
• 06:04 APPRAISAL: how it works, what appraisers are looking for, the goal. What happens if the appraisal comes lower than the contract price.
• 07:23 FINAL WALKTHROUGH
• 07:40 CLOSING DISCLOSURE: what it is, how to work with closing disclosure.
• 08:58 CLOSING, how long will it take, and what Buyer should expect
• 10:23 Ending
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Connect with me:
• YouTube: / @valmilanrealtor
• Instagram: / valmilanrealtor
• Facebook: / valentyna.milan.7
• Email: [email protected]
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Val Milan Realtor - Committed to guiding you Home.
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