Buyer Tips for Purchasing Property

Choosing a REALTORŪ

Of all the decisions you'll face when buying a property, one of the most important is the selection of the person you choose to represent you.

At Century 21 Mammoth Realty, we have a team of experienced, qualified and professional Sales Associates that can assist you with the complex and required steps necessary to purchase a property. From the initial search, to the final details of escrow, your Sales Associate will be with you every step of the way. Your Sales Associate will explain the process of purchasing, and familiarize you with the various documents, disclosures and procedures that you will experience throughout the transaction.

Century 21 Mammoth Realty professionals are committed to your success and are:
  • Knowledgeable about the communities of the Eastern Sierra.
  • Aware of the complex local, regional and state requirements affecting your transaction.
  • Effective in multi-party, face-to-face negotiations.
  • Highly-trained, with access to programs for continued learning and additional certifications.
  • Technology-focused.
  • Supported by professional legal counsel.

Financing

Most real estate professionals and mortgage lenders recommend pre-qualifying for a loan before selecting a property to purchase. This process will help you determine the price range you can afford, your monthly payment and estimated costs associated with a loan.

If you are considering a loan for your purchase, your Sales Associate can help you select a mortgage lender that is familiar with the intricacies of Mono and Inyo County laws, rules and regulations.

Finding and Choosing the Right Home

Your Century 21 Mammoth Realty professional will help you with the process of selecting a property that meets your needs, whether it is a mansion, a cabin-in-the-woods, a cozy retreat, ready-to-build-vacant land, multi-family apartments, or anything in between. Our experts are knowledgeable about all the various types of properties, locations and amenities. Let us know your needs, and we will help you get the process started!

There are numerous regulations, laws, and procedures very specific to resort property in Mono and Inyo Counties. Our experienced Century 21 Mammoth Realty Associates are up-to-date with these regulations, and will help you with all the multifaceted reports, disclosures and processes.

Making an Offer

Once you have found the property that you wish to purchase, the negotiation skills of your Sales Associate will be instrumental in obtaining the best terms for your purchase. There are ongoing choices and selections to be implemented into a purchase agreement, and these will be explained in detail so that you can make the best selectionto meet your needs.

Once an offer is made, the seller will have the option of accepting, rejecting or counter-offering. Your Sales Associate will explain these options to you, and help you to negotiate the best possible terms for your purchase.

Your Sales Associate will draft the purchase agreement, advising you of protective contingencies, customary practices, and local regulations. Among other important items, loan, home warranty, title and escrow arrangements will be detailed in the offer. Although your Sales Associate will give you advice and information, it is your decision as to the exact price and terms that you wish to offer.
 

The Due Diligence and Escrow Process

Once your purchase agreement is accepted and signed by all parties, your Sales Associate will open escrow for you and provide you with instructions on how to deposit your earnest money. As you may know, the escrow company is a neutral third party that will receive, hold, and distribute documents and funds associated with your transaction.


Removing Contingencies

Prior to closing escrow, all of the contingencies of the Purchase Agreement must be met. Your Sales Associate will help you with this process. You will be kept informed and updated during each phase of the transaction.
 

The Final Steps

When all of the conditions of the purchase agreement have been met, all the final escrow and loan paperwork (if applicable) will be sent to you. At this time you will be asked to submit the balance of your down payment and closing costs to escrow. Once verified, the deed will be recorded at the County Recorder's office and youwill take ownership of your property!

Your Century 21 Mammoth Realty Sales Associate is ready to assist you take the first step to home ownership in the beautiful Eastern Sierra. Call (760) 934-2121 or email us today to get started.