Buy with NDC Homes
The team at NDC Homes is ready to guide you through the home buying process one step at the time. We are committed to you from Day 1 ...until forever.
Beginning your home search can feel like a completely overwhelming and daunting task.
At NDC Homes, we understand that the journey of buying a home is entirely about YOU!
We broke it down into these 8 simple steps for you:Let’s get to know each other! We’ll sit down and talk through the process of buying a home with NDC Homes.
The secret to a happy home search is in knowing what you really want. That means distinguishing between "must-haves" and "like -to-haves".
We'll make a list of the amenities you desire in your new home so that we know EXACTLY what you're looking for. Maybe you want a casita guest house, live in a gated community or on a golf course or a condominium that is easy to maintain... whatever it may be, we'll hone in the search and in the locations you love!
Are you considering new construction homes? If yes, please be sure to let NDC Homes know so we can represent you as your REALTOR®. New construction home builders require that your REALTOR® be with you to register you during your first visit to the new home sales center. If a NDC Homes is not with you for the first visit, we will not be able to advise you and represent you per the home builder’s policies in the negotiations.
This will also be a great time to address any questions or concerns you have about the journey you are about to embark on. If your schedule is tight, we can also begin by connecting by phone, email or hangout together via a video chat - whatever works best for you!A seller will want to know that you have the sufficient assets or are pre-approved for loan when reviewing your offer. If paying cash, you should have a letter from your bank or investment advisor that says you are qualified to purchase a home for cash in the price range you are looking at before you start looking at homes.
If you are planning to finance a home purchase, a pre-approval letter is very important to have before you start looking at homes so you won’t lose out on submitting an offer if you have to wait for a pre-approval letter.
NDC Homes can refer you to several mortgage professionals who are experienced in financing in the desert. Have your financing approval is a very vital step in the home buying process!
CALIBER HOME LOANS
FRANKLIN LOAN CENTER
The desert is a second home market with unique micro neighborhoods of homes where the competitive pricing can vary significantly and affect the appraised value of the home. Whether fee land or lease land, we recommend that you use a lender who knows the local market and works with local appraisers to ensure the success of underwriting your home loan. Also, most national banks and lenders will not finance the sale of a home on lease land. If you are not familiar with lease land in the desert, read our lease land blog.
What is Fee Land and Lease Land in Palm Springs, Rancho MIrage, Palm Desert, Indian Wells ...
This is where you’ll get notifications about the listings that meet most of your general criteria that we spoke about in our first meeting. We will set up a custom search in our primary Multiple Listing Service where you'll receive email updates on new listings and price reductions daily.
If you see any home that catches your eye, let us know. We will give you further feedback on that home that may not be evident from the listing information. We can also schedule a viewing together. THIS is the part when we will get the best indication of what are your deal makers and deal breakers, expressed and implied, by watching and listening to your comments and reactions, as you walk through the home.
We aren't shy about sharing our opinions too. We are here to protect your interests and make sure you see some things you may be unaware of. Well, isn't that why you are hiring us? :-)
Be sure to let us know if one (or more) jumps out at you so that we can schedule a viewing together! If needed, we can always adjust your search parameters.
Please let us know how you would like to communicate to keep in touch - phone, text or email. We want you to be comfortable and we want to be efficient, so we can get you into the homes that are a perfect match!
Here’s where the buying process gets really fun! We want YOU to become the local desert expert along this process. Attending open houses is a great way, especially if you are still uncertain of what you can get for your money in the neighborhood or community you want to live in. Honing in on the neighborhoods or communities is imperative to finding your dream home. Otherwise, you will be to "all over the place" and scattered to focus on THE house when it comes on the market.
We can join you at some and you can attend on your own. Please just remember to let the REALTOR® that is hosting the open house for their seller, that you are working with NDC Homes. This saves a whole lot of complications later. Realtor Insider trade tip: REALTOR®s working at open houses are there to share the insights of that home for the seller and also hoping to get to know you in order to show you other homes if that one doesn't pan out for you. To keep it very transparent, since that is what we are all about, we ask you to sign in and tell the REALTOR® hosting the open house that we sent you and you are working with us at the NDC HOMES.
A little scary, but very exciting! Three things can happen when putting in an offer on a house:
1. The offer is accepted
2. The offer is rejected
3. You get a counteroffer
We’ll walk you through each of these possibilities and how to handle them.
It's important to realize that your offer depends entirely on the marketplace. We will give you a sense of what other listings in the area are selling for that are similar to the property you are making an offer on. This will help you craft the best offer.
YOUR goal is our goal.
We are expert negotiators and will strategize with you every step of the way!
Once the offer is submitted, we will continue to advise you for next steps. Rarely does a deal come together based on the initial offer.
Then, it’s time to get your financing in order and move forward to the next step!
Once you and the sellers come to a "meeting of the minds", you have an accepted offer.
Typically, the deposit amount is 3% of the purchase price and is due within three (3) days of acceptance by the buyer and is deposited with the escrow company.
Due Diligence and Home Inspection
Next, you will schedule a home inspection. This is where you will hire a qualified inspector to check the systems, appliances, structure. Getting a thorough home inspection is critical in the home buying process because it can help find common problems, malfunction and defects in the property. The contract standard is 17 days to complete your due diligence before you have to release contingencies. If financing, we can negotiate a longer contingency period for financing approval.
Appraisal For Financing
If financing (cash sales are not subject to appraisals), the lender will send an appraiser to determine the appraised value of the home. The lender does this to insure, in their opinion, that their loan is protected and that the home is worth what you are paying. Sometimes, market value and appraised value can be different. We will help advise you along the way, if there is a discrepancy.
Once the appraisal is complete and it "appraises", you'll be on the path to receive your final mortgage commitment. This is an important and key step. The seller is waiting to hear this news too.
If you are paying cash and the home is on fee land, you can easily close in less than 30 days if the seller agrees and there are no other issues. You should plan on 45-60 days to close on lease land. You can close earlier on lease land but there is an additional charge to facilitate the process.
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You will schedule a final inspection prior to closing. Either you or your designated representative (which cannot be your realtor) can do the final inspection of the home unless you can waive the final inspection in writing.
The escrow company will handle the closing and the title company will file the sale with the county. This process can take the entire day and you may not be notified until late afternoon or early evening. Also the seller can stay in the house until 6 PM on closing day. Your REALTOR® will give you the keys when notified by the escrow company that the sale has closed.
These are the last steps before the shiny keys to your home are place in your hand... for good! 🔑
Throughout the process, as needed, we can recommend lenders, inspectors and other professionals. Our many years of contractors and resources are your resources. Even after closing, you can on count us for reliable recommendations. As we said, we are committed to you from Day 1... until forever.
Let's grab a bottle of champagne and toast to your new home! Congratulations, you’re a homeowner!!
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