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WHY CHOOSE 1ST GEN REALTY AS YOUR REAL ESTATE BUYING PARTNER?

 

At 1st Gen Realty, we are committed to providing an unparalleled real estate experience built on honesty, transparency, and a genuine dedication to our clients. Upholding the highest ethical standards in all our dealings, we prioritize your needs and objectives, ensuring that every step of the process is tailored to exceed your expectations. With years of experience and a deep connection to the communities we serve, we not only help you find the perfect property but also work to make these neighborhoods better places to live.


Our team’s expertise, backed by a forward-thinking approach, ensures that you are always a step ahead of market trends. Trust 1st Gen Realty to be your guide in making informed and confident real estate decisions.

BUY WITH CONFIDENCE

Here’s how the buying process works from start to finish.

Do some preliminary online searching

Check into what homes are selling for in the areas you’re interested in to give you an idea of what you’re looking for. This will help later on when communicating your wish list with your real estate agent.

Take care of the budget

Use an online mortgage calculator to determine what your monthly mortgage payment would be if you were to purchase one of these homes you’ve found online. Make some additional estimates for utilities and see if this fits into your budget.

Get pre-approved

To get pre-approved for a mortgage you’ll need to get some paperwork ready: pay stubs, W-2s, bank account statements, tax returns for the past two years, and credit lines, and names and addresses of your landlords for the past two years. Start with your current bank, but make sure you check out competitor banks as well – you might get a better mortgage loan rate by shopping around. Also, consider the amount your lender approves you for as a maximum – this is by no means what you should spend.

Find an agent

A good real estate agent will help you navigate the process every step of the way. Your friends and family will be great sources—see if any of your trusted contacts have someone they recommend.

Look at homes

Be patient at this stage. Your real estate agent may show you a variety of homes to get your reaction on features they think you’ll like. Give your agent detailed feedback so they can show you homes that are perfectly suited to you. Sometimes, this process can take months or years—So be patient. Also, make sure you let friends and family know you’re looking for a new home--you may even find out about an amazing home before it hits the market.

Make an offer

Once you’ve found your dream home, you may want to move quickly. Your agent will guide you on a reasonable first offer to start negotiations based on market conditions. Also, make sure you consider closing costs which could account for 2-5% of the home price.

Negotiate

Prepare to go back and forth with the seller a few times on price and selling conditions. Your real estate agent will be your advocate here and try to get you, their client as much as possible for your money while being fair and respectful to the seller and their real estate agent.

An accepted offer

Pop the champagne! If you reach an agreement, you’ll make a deposit to an escrow account to show good-faith. Escrow is usually 30 days where the seller takes the house off the market with the contractual expectation that you’ll purchase the house - provided you don’t find any serious problems during the inspection.

Do a home inspection

Even if the home appears to be flawless, there’s no substitute for having a professional inspector review the property for quality, safety, and general condition of your potential home. You don’t want to be surprised with a home that needs a lot of unexpected repairs. If the inspection reveals undisclosed serious defects, you can negotiate further to have the seller make repairs or discount the selling price. You’ll also likely have the option to withdraw your offer and get your deposit money back.

Closing

When your negotiations with the seller are successful, and the inspection came back clean, you should be ready to close. At your closing, you’ll spend a little over an hour signing lots of paperwork and then will be handed the keys.

DREAM HOME

Browse for homes.

START YOUR JOURNEY

HOME WORTH

Learn how to maximize your home value.

DISCOVER

GET PRE-APPROVED

Best rates and terms for your dream home.

CALCULATE
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WORK WITH US

1st Gen Realty is committed to providing the highest level of real estate service with integrity, and professionalism. Take your first steps in the world of real estate with the expert you can put your faith in.

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