Steps to Ownership

Making the home yours.

Down payments, offers and counter offers. Closing and title insurance all play a part in making the home yours. Purchasing a home is one of the biggest financial transactions in life.  A home is your greatest financial asset, a place to live and grow your family, a plan for the future and an investment in community. Your Greenman Properties real estate agents can share their knowledge on how to walk through the home buying process; all the way to getting the keys to your new home.

Q : How do I make an offer?

Now that you have found the right home, you need to make your intentions known. An offer should only be made if you can follow through with the purchase, if accepted. Your Greeman Properties real estate agent will assist you in making an offer, which includes the following information:
Complete legal description of the property
• Amount of earnest money
• Down payment and financing details
• Proposed move-in date
• Price you are offering
• Proposed closing date
• Length of time the offer is valid
• Details of the deal
Keep in mind that a sale commitment depends on negotiating a satisfactory contract with the seller, not just making an offer.

Q : Do I need a large down payment?

Many mortgage options now available require a down payment of 5-10% of the purchase price. But the larger the down payment, the less you have to borrow, and the more equity you'll have. Mortgages with less than a 20% down payment generally require a mortgage insurance policy to secure the loan. When considering the size of your down payment, consider that you'll also need money for closing costs, moving expenses, appliances, connection fees and possibly any needed repairs or upgrades. Let's not forget the part most like best...decorating! ~ Barbara Greenman