Buying a home is often a stressful experience. With the overview below and Maryann Ernst’s ability to smooth the process, your anxiety will surely melt away. Thanks to Maryann Ernst’s know-how, connections, and drive, the buying process can be easier than ever!
With many buyers trapped in a cycle of making offers and getting rejected, working with our team saves a great deal of time and hassle. Often, buyers average 5 or more offers before getting an acceptance, while a quarter of first-time buyers are stuck making upwards of 10 offers. Maryann Ernst’s buyers on the other hand are sailing smoothly—her buyers average on 2 or fewer offers before getting an acceptance. Even better, her deep insight into market trends ensures that when you do make an offer, it is at a competitive yet fair price. Helping all of this is her connectivity to market and pre-market inventory, thanks to her extensive broker and personal networks. That way, you don’t necessarily have to wait for a dream home to show up on the public market. Maryann will set you up within her Top Agent Network so you will see off market homes as soon as she does. In addition, Maryann extensively reaches out to her sphere of top realtors to find homes for her clients before they even hit TAN.
First, you will go through an exploratory call with Maryann to learn more about the entire buying process. That way, you both can understand how to best help the process and set up your home buying experience for success and ensure the relationship is a good fit.
Next, you’ll have a meeting to build your dream home. This entails thinking about what you need or want out of a home. At this point, it’s vital to think about things like location, neighborhood, type of home, commute times, schools, architectural features, or other things that are non-negotiable to you. That way, when you start touring homes, you are able to accurately rate each property against your requirements
Following that, Maryann Ernst will help you get pre-approved for a loan thanks to her great connections. She has access to great lender partners that help smooth the process and ensure you are prepared ahead of schedule. Maryann will connect you to lenders according to your specific needs to ensure you have the best options at the best possible interest rate.
Once you’re pre-approved, you’ll go on a grand tour of neighborhoods and areas to get a feel for what you’re looking for. These locales will match your criteria and price point and give you a good jumping-off point for when you begin to tour homes.
Next, the tours begin! You will visit and tour homes together, all the while measuring each home on a 1-10 scale against your wants and needs. Generally, any home beneath a 7 can be nixed. Touring happens in a few different ways, namely Sunday open houses, brokers’ tours, and showings by appointment.
After some touring, you’ve found the perfect home. Great! Now it’s time to submit an offer. Maryann Ernst and her team will use their expertise to craft a strong offer for you. Once you submit and are accepted, the final steps can begin.
Once your offer has been accepted, you and the seller will begin the escrow process. This can last typically 25-30 days, but the timing varies. Throughout this process, having a professional will help ease things along and make sure every aspect is thoroughly understood. Once escrow closes, you’re officially a homeowner! It’s officially time to receive your keys.
In order to get the most out of touring, there are several things to keep in mind. One way to make sure you’re evaluating a home to the best of your ability is by considering what work you might be willing to get done to improve the home, such as through painting, new flooring, remodeling, or minor structural alterations. It’s also a good time to think about how the furniture and lifestyle you’re looking to bring into the home will function in that particular home.
Each of the touring options also comes with its own set of differences. Touring on Sunday open houses might mean touring separately, but you will be able to compare notes afterward and you will typically give your real estate agent’s card to the home seller. Broker’s tours are great if your schedule can swing them. Every Tuesday on the Peninsula, new home listings are exclusively available to agents and their clients. Finally, showings by appointment can be a streamlined and efficient way to see homes as well.
Once you’ve found a home that you’re looking to purchase, there are several things to go over before committing. Reviewing with your agent the most recent comparable sales and current market conditions and trends helps to decide what fair market value is, and what you’d be willing to offer. Be sure you know the condition of the plumbing, electrical system, and roof; it’s possible they might need repairs, which could affect the type of offer you make. Check for signs of dampness or drainage as these are complicated, expensive problems to fix. As a general rule of thumb, be on the lookout for any legal issues that might arise such as an existing tenant, expansion rules and regulations, and check to see if any improvements and additions were done with a permit? If not, a home inspector can help you quantify the risks or the costs of remediation. Lastly, if you’ve decided on a condominium, it’s helpful to know the monthly homeowner fees, upcoming assessments, and restrictions regarding pets, working at home, and future rental opportunities.
Maryann is passionate about educating her clients on the process and preparing them for the buying and selling process in the beginning.