Buy a House
Quick Guide for First-Time Homebuyers The following suggestions are subject to the different programs you may qualify for, so they will give you an idea of what you need. Demonstrate having worked 2 or more years in the same field. Provide income statements from the last month. Submit tax returns for the last 2 years. Have savings of 3.5% to 5% or more for the down payment, plus closing costs. There are programs with 0% down payment. Closing costs include: Earnest money, title company, escrow, inspection, appraisal, city taxes, and insurance; all these are considered minimal costs. Process Get qualified by a mortgage advisor (Loan Officer). The mortgage advisor (Loan Officer) can help determine the most suitable program based on your financial situation, such as how much you earn, how long you’ve been employed, and your credit score. If you qualify, you will receive a pre-approval letter, which determines the interest rate and the loan amount. Once pre-approved, we can start looking for a house that suits your lifestyle. It's important to work with a real estate agent who you feel comfortable with. The agent’s job is to teach you and guide you through this process. The agent will schedule showings for homes, and you can decide which one suits you best. If you find a home you like, the agent will help you make an offer. The sellers may accept, reject, or counter your offer. Once under contract, the next step is to make a deposit as earnest money, which guarantees your good faith purchase and will be deposited in escrow. Then, an inspection of the property will be conducted to determine its condition. After the inspection, you can decide whether to continue with the purchase or cancel the contract. If you decide to proceed with buying the home, your loan officer will continue with the loan transaction until closing. Keep in mind that this is a long process, and during it, changes or unforeseen issues could slow down or speed up your process. Also, keep in mind that we are only outlining the most important points here, so we recommend being patient and staying in touch with your real estate agent to stay informed. Call me! Héctor Vargas 425 647 3858 compeanho@msn.com www.hectortucasa.com
Sell your house
Quick Guide to Selling Your House. To sell your house, the process is relatively easy, it all depends on what it is, that is, if you are selling a House, a Town Home, a Condominium, or a Manufactured Home with or without Land. First you Contact your Real Estate Agent so that with his help you can estimate the approximate value of your Real Estate. Once you have obtained the approximate sale price, you can decide whether to sell your house or not. If you decide to sell your house, the next step is to authorize your agent to put your house on the market; this is done by signing some forms that specify the condition of your house and the details. For example, when it was built, what type of house it is, if there are HOA fees, or Homeowners Association Expenses, etc. or if these do not exist. And other forms that authorize the sale of the house and the commission that will be paid for that service. You must then make an additional appointment to be able to take photos of the house, so that these will be part of the information when the house can be listed on a platform where all sellers and buyers of houses have access, which is called NWMLS (Northwest Multiple Listing Service) Call me! Héctor Vargas 425 647 3858 compeanho@msn.com www.hectortucasa.com
