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The Buying Process
If you have never purchased a home or land before it can make you uneasy. The lack of experience or more specifically information can make buying a tough task. Below is information to ease your mind about the whole process. Real estate is one of the largest purchases you will undertake in life. As a professional Realtor, my job is to help you every step of the way so you do not have to worry.
The first step is to make sure you have your funds in order. Ask yourself if you will be paying cash for the property or asking for owner financing. Most banks will not lend on land, especially 10 plus acre without utilities. There is a lot of Shasta County Land that is more than 10 acres and affordable.
Second, is to figure out what kind of land your looking for in the greater Redding or Shasta County area. How many acres, what elevation, secluded, creek front, lots of trees, views, improvements already on the property such as a well or septic system, distance from a large town, hospital, type of access, topography, distance to household power, wildlife, cost, and more. Start by asking yourself what you plan to do with the property. Your Shasta County Realtor can help you with this process.
Next, search the Shasta County MLS with your Realtor. Then have your Realtor show you some promising Shasta or Tehema County Properties that fit what you are searching for. After you found the perfect property your Realtor will write up an offer on that property. The offer can be emailed to you to sign if you are not present. All aspects of the sale can be handled long distance; you do not need to be present. Escrow papers can be sent over night and most forms can me emailed. Once your offer is accepted your Realtor will open an escrow. Escrow is usually handled through a title company; they hold all the monies for the transaction and are a neutral third party to the contract. They simply follow the instructions on the Land Purchase Agreement that you and the seller agreed to in writing. You will write a personal check for the deposit amount agreed to in the Land Purchase Agreement. This amount is usually $500-$1,000. Typically, this amount is refundable in the first 17 days after your offer is accepted. If you decide you do not want the property due to some fault of the property or real estate report you do not approve of you are entitled to a refund of your deposit.
It’s the title companys job to pull up all recorded documents pertaining to the Shasta County Land, Shasta County Property, Redding Land, Redding Property, or even Tehama County Land you’re purchasing. They issue you a title report that outlines what taxes are owed, any recorded liens against the property, any easements or lack of access as well as any reserved oil or mineral rights or special water rights. You will get a clean and clear title insurance policy.
Once your escrow paper work is completed you will send it back to the title company if you are not local and include your bank check for the amount remaining of the purchase price; the title company will have the total amount you owe. You can also wire funds directly to the title company. The property details are now recorded with the Shasta County Recorders office. Congratulations, you are now a Shasta County land or Property owner!
If you have any questions about the buying process please feel free to contact me about it today. I look forward to helping you with a smooth property purchase.
Are you ready for Home Ownership? These articles will help you understand the issues involved. You will also be able to learn something about lending and financing as it pertains to home ownerhip..
Looking
Finding your home is
the most important and often the most challenging part of the home
buying process! These reports will help you find the home of your dreams
by assisting you witht he house hunting process!
Choose a home, make an offer
Even if you have found a home, making the final choice often involves weighing important criteria and prioritizing your wants and needs..
Get a loan
Because there are
many different kinds of mortgages, it is important that you understand
the different types available to you...
Inspection and final negotiation
The home inspection is an important final step. If you would like to learn more about this and other final procedures such as negotiations and terms and conditions, please read the following..
Closing and possession
The 'closing' is the meeting where you take ownership of your new home. These reports will help you with closing and moving ito your new home, as well as the tax benefits associated with your new home purchase!
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