Buying a home is one of the most exciting milestones of your life. To prepare yourself for this moment, you need to know what to expect during the process. This step-by-step buyer’s guide created by Mara Haveson will help reduce the stress of buying a home and help you enjoy the journey as much as possible.
Connect with Mara Haveson, a licensed Compass real estate agent and Managing Broker who is knowledgeable about the neighborhoods you’re considering and can help guide your search.
Do you already know where you want to buy? If you want a condo, townhome, or single-family home? Which features do you like and dislike? What’s available on the market now? If you answered no to any of these questions, now is the time to start researching.
Before beginning your search, your first step is to get pre-approved for a mortgage loan (unless you will be paying the full price of the home in cash). Mara can connect you with a trusted mortgage broker. Based on your income and credit history, the mortgage broker will determine how much a bank will lend you, which will help you determine the price range for your search.
Now is the time to consider your ideal home’s location and amenities. You will attend viewings and open houses spanning a range of areas and property types. I am available to show you a home 7 days a week.
Once you identify a home you like, we can submit an offer, which is an agreement to pay a certain price for the home. This offer is packaged with a Proof of Funds (POF) and a Pre-Approval Letter. Note: if your offer is lower than the list price or the terms are not acceptable to the seller, the seller will likely return with a counter-offer price or acceptable terms, which you can accept, reject, or make another counter-offer. Mara will provide advice throughout the entire process.
My goal is to provide you with the most personalized service that is designed to help you buy your dream home.
(Life of an Escrow: 30 & 45 day escrow period)
Day 1 Once your offer is accepted, escrow will officially open and the clock begins
Day 2 Contact your
insurance agent for homeowners coverage
Day 3 Initial deposit is due
per terms of agreement
Day 1-17 Seller delivers disclosures to buyer. Buyer performs inspections (Step 6)
Day 1-21 Loan is in underwriting and appraisal occurs (Step 7)
Day 7-30 I 21-45 Seller signs grant deed and staging is removed, if any (Step 7)
End of Escrow Within final week of escrow period, the buyer signs all loan and closing documents and wires in closing funds
Day 30-45 Loan funds and escrow closes (recordation)
*This escrow process is based on a standard 30-45 day transaction
It is the buyer’s duty, with Mara’s guidence, to schedule all desired home inspections and determine the overall condition of the property within the agreed timeline and contractual contingencies. Buyer will also review the disclosures and the Preliminary Title Report. You may approve or negotiate credits/repairs. Prior to closing, Mara will schedule a final walk-thru of the property to verify property is still in acceptable condition and any negotiated repairs
Organize an appraisal with your bank. Your completed mortgage application with all supporting documentation should be submitted to your chosen lender upon receipt of the fully signed Purchase Agreement. The bank then issues the loan approval. Consequently, the buyer wires the closing funds with the homeowner’s insurance in place, and then the loan will be funded with clearance
After signing the final paperwork to complete the purchase, you are now the owner of a new house. Once that check is delivered to the seller, you’ll be all set to move into the home of your dreams.
Originally from Southern California, my husband and I came to Seattle for a job interview for me while we were we here thought it would be smart to at least tour the...
I’ve had the pleasure of working with several fantastic Seattle real estate agents over the past few years with some personal property purchases and investments. Mar...
I both sold and purchased a house with Mara in 2006. Mara went out of her way to make sure the process was fast and easy and that was great. She personally did some ...
I can't say enough Wonderful things about Mara! I was very nervous and overwhelmed to buy my first home. I felt like this was a feat that I would never be able to ac...
Mara is absolutely wonderful. She is the best agent I have ever had the pleasure of working with. I have used many agents over the years and after I worked with Mara...
Where do I start? Mara is hands down the best real estate agent I have ever worked with. Need to see a property at the last minute? No problem! You're out of town an...
Mara is a class act. My husband and I visited an open house in Kenmore looking at townhouses when we met Mara who was the agent onsite. After touring the townhouse w...
Mara was very knowledgeable with regards to both the market and the condition of some of the houses. Mara was able to point out current flaws and potential future fl...