Why Own Real Estate Today in Monroe County?

• Housing is typically the most conservative,  leveraged investment.
• You are paying for housing whether you own or decide to rent.
• Owning a home is considered a “forced savings account”.
• There can be significant tax benefits to owning a home.
• Owning an home is a hedge against inflation (rent inflation).

NORCHAR Real Estate's Ideal Investment Formula ... A Proven Strategy

How We Find The Best Homes For Sale In Monroe County

• We physically preview the best properties that are posted to the MLS daily (best buys are identified).
• Our team devotes several hours a day calling into neighborhoods looking for future sellers.
• We conduct “for sale by owner” research.
• We conduct a foreclosure research.
• We conduct rental research for possible sale.
• We contact and network with agents from other offices
• We review our coming soon listing database

Determine Your Situation

• How soon do you want to be in your new home?
• If you are renting, is it a lease?
• Do you currently own a home?
• Does your current home need to be sold first?
• What are your concerns about purchasing?
• How long do you plan to own your home?

Why You Should Be Pre-Qualified

• The best homes sell quickly.
• Sellers are looking for the most qualified buyers when they make decisions.
• Having a pre-qualified letter from a lender shows the seller that you are prepared to purchase.
• In multiple offer situations, the most qualified buyer wins.
• We can recommend the best lenders to match your needs.

Determine The Requirements Of The New Home

• Location
• Schools
• Neighborhood
• Square Foot
• Baths
• Bedrooms
• Lot Size
• Garage / shop
• Other

Determine The Best Way To View Properties

• Auto e-mail   
• Pro-search on website
• Phone call
• Text
• Preview with agent
• What are the best times to view
• The best homes sell fast; so have a plan

Identify Decision Makers

• Do you have any family or friends who need to approve your new purchase? Let’s include them in the buying process early! This can make the process much easier and help you make a great buying decision.
• Do you have any family or friends who need to approve your new purchase? Let’s include them in the buying process early! This can make the process much easier and help you make a great buying decision.
• Remember, even in today's market, time is of the essence. Having a plan from the start can make the difference.

Have Money On Hand

• Every written offer must accompany a good faith deposit usually equal to 1% of the purchase price.
• The larger the good faith deposit is, the stronger the offer will look to the seller.
• Inspections typically cost $500 or less.
• Home appraisal typically costs $500.

Home Search Outline

• When you select our team to assist you with your home search, you may be asked to complete a home search outline.
• This outline provides valuable information to the team regarding your desired home. When we are in the field listing homes, we will compare your requirements to the homes we are listing.
• This outline also puts the telemarketing department on notice. They will make a list of the owners in your desired areas and call to locate future sellers.

How To Write An Offer

• After we locate a property to purchase, we 1st determine market value by comparing similar homes that have sold and that are for sale.
• After determining an offer price, we prepare the written offer and present it to the seller.
• We negotiate the offer until an agreement is made between the buyer and seller.
• Once the offer is accepted, we send the purchase agreement to attorneys for approvals and send the good faith deposit to the escrow company.

When Do We Notify The Lender?

• After an agreement is made, we will send a copy of the contract to the lender.
• The lender enters the information i.e. purchase price, type of loan and down payment into their system and calendars all deadlines.
• The appraisal is ordered.
• A cost break down is given to you by the lender. This will give you the approximate monthly payment and amount of money that is needed to be brought in at the closing.

When Do We Order Inspections?

• Every offer to purchase has an inspection period.
• This inspection period provides you with an opportunity to perform a whole house inspection, radon inspection, chimney inspection, well & septic inspection, pest inspection and any other inspections that  you deem appropriate.
• We will order all of the desired inspections for you.
• We will provide you with copies of all seller disclosures to review.
• The average inspection periods last 7 days in Monroe County.

Review Estimated Closing Statements

• Within a few days of the scheduled closing date we will review the closing statements.
• We will ensure that all figures are accurate.
• Once the statements are approved, we set a time for you to sign at NORCHAR Real Estate or at the Attorneys Office.

Pre-Move In And Final Walk-Thru 

• Together we will perform a final walk-thru. This walk-thru is conducted to ensure that any requested repairs have been completed.
• Prior to closing, our team will provide you with the phone numbers to the appropriate utility companies for easy set up.
• We will help arrange mail.
• Keys will be obtained for the home.
• Once we close the keys to your new home will be delivered to you at the closing table.

If you see a home of interest, call us first! We have access to all the homes listed with any real estate company. Please call us with any questions: 585-244-4444