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What to Expect as a Buyer

Below we have provided a simplified outline of what to expect as a buyer. We are committed to making this process as seamless as possible for our clients, to help maximize time, energy, and profits.

  • Determine purchase criteria (price, locations, immediate cashflow, add value)
  • Obtain pre-loan approval from lender
  • Review all available inventory fitting criteria
  • Find off market inventory from The Prescott Company proprietary database and agent relationships
  • Review any available reports, financial data, and disclosures
  • Tour property and determine offer price / Offer can be subject to inspection
  • Prepare offer with best price and terms for buyer
  • Prepare relevant materials to be presented with offer (pre-approval, schedule of real estate, cover letter and bio)
  • Present offer and negotiate terms
  • Offer accepted, contract ratified and escrow is open
  • Set up applicable buyer inspections
  • Review new inspections and reports
  • Contingencies satisfied as per the contract
  • Buyer to obtain property insurance
  • Review Estimated Closing Statement
  • Close escrow