Should I get pre-qualified for a mortgage?
If you are planning on taking out a loan, pre-qualification for a loan serves two main purposes. First it gives you a clear understanding of what price range home you should focus your search on. Secondly, it puts you in a strong negotiating position when you make an offer. Sellers like to know a buyer has qualified for a loan before accepting an offer. In multiple offer situations, even if your offer is lower than someone else’s, your offer may be accepted because you are pre-qualified for a loan.

How do we go about finding our dream home?
Now that you have made a decision to realize your dreams and come to the mountains, we will work together to find you that perfect home. You can immediately search all the Multiple Listing Service (MLS) through MarkGideon.com. Be sure and register for the email notification service on this site. This FREE service has helped my clients stay current on what is available on a daily basis.

Once we have found the perfect house, what happens?
I will provide you with information regarding the price and terms so you can make an informed buying decision. I want you to be educated and informed so you are able to make a competitive offer that will be accepted. I will present the offer to the sellers and their agent.

What is the option period and what should I be doing?
Once the offer has been ratified by both parties we have binding contract. This is when the option period begins for the buyer. This is the period of days where as the buyer, you get inspections done and make sure the home meets your expectations. Once all the inspections have been completed and the buyer is satisfied that all the repairs have been completed, the buyer removes the contingencies and the process moves forward.

Now the loan process should be under way!
Since you already have been pre-qualified your loan process should be relatively easy. This is when the lender and you work to put a loan together that meets your needs. During this process, I work closely with the title company and the loan company to ensure all the documentation is in place for a smooth transition.

Are there any other things to do before we close?
Just prior to closing the title company will give you a settlement statement. This document gives you a line by line breakdown of buyers and sellers charges. We will review this together so you have an opportunity to ask questions. Additionally we will arrange for a walk through of the property to ensure that nothing has changed since your offer was accepted.

Finally CONGRATULATIONS are in order!
This is the day you have been waiting for and your dreams come true! Both the buyer and seller sign all the documents to complete the transaction. I will remind you to bring the certified funds, drivers’ license and anything else the lender has asked for. After closing the lender funds the loan and the possession goes to you, the new owner of your dream home.