VA Purchasing Process

Step 1: Initial Consultation

Meet with a Veterans Buyer Agent to discuss in depth, your wants, needs, financial situation, and what costs will be involved in the purchase of your new home.
Before this appointment, a home Loan Officer (one can be referred if needed) will have walked you through the financing process. Gathering all the information that is needed to provide you with a loan pre-approval as well as peace of mind. At no cost or obligation, the Loan Officer will issue you a pre-approval based on your job history, income, and credit history.

Once we have established your preferred criteria containing your wants, needs, and comfort zone for price, we will meet with you to visit the homes that fit your criteria and price range.
After the initial showing, the homes will be reviewed and reevaluated to update any criteria change.

Don’t be surprised if during the first appointment you find “the one”. Our exclusive process will often illuminate the best values and most desirable homes on the market that suit your needs and comfort zone.
We will identify the top two homes that you like and sit down to discuss the negotiation strategy that will best suit your situation while still achieving the best results.
Next, we will go over the contracts to insure that you understand and are comfortable with all of the terms and implications of the agreement.

Even for an expert negotiator, it is rare for an offer to be accepted without some modification of the terms included in the offer to purchase a home. So don’t be surprised if there are counter offers; this is a natural part of the home buying process and nothing to get worried about. After some back-and-forth negotiation, a set of terms that are acceptable to both the buyer and seller should be reached, at which point the offer is deemed accepted.

Once the buyer and seller of a home have established a set of terms and conditions for the transfer of the ownership of that home (i.e. an accepted offer to the purchase), escrow will be opened with the agreed upon Escrow Provider.
Your deposit should be sent to escrow within three business days.
During the timelines specified in the purchase contract any investigations by the buyer will be completed and all conditions met.

The close of Escrow is the culmination of the home buying process. It signifies legal transfer of title (ownership) to the home from the seller to the buyer. Approximately seven days before the scheduled close of escrow, the loan documents are signed by the home buyer.
The new lender usually requires 24 to 72 hours to review the signed loan documents. After this review period any new conditions are met and then the lender will wire the loan funds to the title company.
Escrow collects the remainder, if any, of the buyer’s down payment and closing costs at the time of the loan document signing so as to be ready to close escrow within the new lenders time frame.
Once the loan funds are wired, the file is then set up to “record.” This is the legal transfer of title from the seller to the homebuyer and usually will occur the same day the loan funds are wired. Once title has been transferred to the buyer, the escrow holder will handle all final accounting and issuance of official closing statements and distribute any remaining proceeds to the appropriate parties.

Once your escrow has closed, your Veterans Buyer Agent will meet with you for a final consultation during which you will receive your closing statement and keys.
Unlike many agents, your Buyers agent job does not end when your escrow closes. We will remain available to assist you with any issues that may come up and to act as a long term advisor on Real Estate.