Buying Real Estate
First Time Home Buyer
A Broker Works For You
Your Real Estate Broker guides you step-by-step through the closing process and ensures that everything flows together smoothly
CODE OF ETHICS
Your Real Estate Broker subscribes to a strict Code of Ethics and is expected to maintain a higher level of knowledge of the process of buying real estate
Your Real Estate Agent negotiates on your behalf to attain the best terms possible
Your Real Estate Broker assists you in the selection process by providing you a full list of properties that match your criteria and then providing objective info on each to help narrow down the choices
Q + A
DO I PAY FOR MY REAL ESTATE AGENT'S FEES?
Your Real Estate Broker gets paid by the Seller of the property. Buyer's typically do not pay any real estate commissions
SHOULD I BUY OR RENT?
Real Estate properties are investments that can be sold at a later date and often at a considerable return. When renting you are helping to pay off the Landlord's mortgage
WHAT CAN I AFFORD TO SPEND?
Craig Candage can connect you with knowledgable Mortgage Lenders who can walk you through the mortgage process, and start the pre approval. What you can afford depends on:
gross household income
mortgage interest rate
current monthly expenses
ARE THERE ANY ADDITIONAL COSTS OR EXPENSES?
The City of Nashville charges property tax based on the evaluated property value. Your mortgage agent can give you all the details.
Buying A Home
Contact Craig, who can help you connect with a mortgage agent to get pre-approved and to find out what you can afford to spend
Inform Craig of your budget and housing needs. With this info applicable listings will be provided and showings can commence
Once the right property is found, an offer to purchase is written up, presented and negotiated. If accepted, any conditions need to be met and waived within the allotted time
Prior to the closing date (date of possession), the Buyer's lawyer will review the agreement, ensure the title is clear and all taxes and utilities are setup and paid
On closing day the you will receive the keys and are now able to move in.
For A More Detailed Explanation Of The Purchase Process Contact Me
GLOSSARY OF TERMS
Acts as a security and often accompanies an offer to purchase. Amount varies depending on purchase price, whether multi offers or not etc.. The Deposit will go towards your purchase and if you back out of the transactions is refundable most of the time. Ask me for more details on how it is not refundable
Location is typically of utmost importance, especially for resale purposes. Current and future needs should be considered
size ( square feet )
# of bedrooms
# of bathrooms
the remaining balance of the purchase price (minus deposit and mortgage amount) i.e. personal savings
is recommended when determining the condition of the property and relay any areas of concern. Typically costs between $350-$500 for gGeneral Building and pending loan type could be more if you need further inspections
INSURANCE - Home Owners
mortgage lenders require the property be insured on closing
INSURANCE - TITLE
highly recommended to ensure that the property's title is free and clear on the date of possession. Contact your lawyer for full details
LENDER APPRAISAL FEE
your mortgage lender may request to appraise the property. Costs typically $500-$750 on average (may be waived pending loan type)
closing costs are the expenses, over and above the price of the property, that buyers and sellers normally incur to complete a real estate transaction
Experienced Buying Broker
Click Below to See What My Clients Say About Working With Me
Licensed Realtor® for 12 Years
Over 300 Closed Transactions
Over 60 Million in Total Volume SOLD
Highly Experienced in Single Family, Condos, Multi Units, Investment properties, Land and New Construction.
Owner at Willow Creek Construction Company Completing Many Spec Homes, Custom Builds and Flip Projects.
Pre-Qualification: The most important thing you need to determine is your house price range. To do this you will need to contact a mortgage lender (local bank, mortgage broker, or credit union) to Pre-Qualify for a mortgage. This will show you exactly how much money you can borrow for a home.
Being pre-qualified will also give you some negotiating clout when making a purchase offer. Sellers are more willing to accept an offer from a “Pre-qualified” buyer, than from a buyer that is not pre-qualified and thus runs the risk of not being able to obtain necessary funds to complete the sale.
We work with a number of different Greater Nashville Lenders who offer different loan products to assure you are able to find the best loan to fit your needs. Contact Me for a referral to one of our professional Lending partners.