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