Buying a home in Ann Arbor and surrounding areas in southeast Michigan (areas we cover) is undoubtedly one of the biggest investment decisions you will ever make. Whether you’re a first-time home buyer, a “move-up” buyer, or you’re building your real estate investment portfolio, our team is here to help you. Whether it is the first or the fiftieth home we visit, our top priority is to find the property that is the perfect fit for you, and for the best possible price!
Tips to Buy Your Ann Arbor, Dexter, Chelsea or Saline Area Home:
Throughout the journey of finding your next home, we’ll help educate you on the home buying process to help you make the best possible decisions along the way. To become even more familiar with the Ann Arbor, Dexter, Chelsea or Saline Area home-buying process, check out the PiperPartners Blog, or get a copy of Your First Home by Gary Keller, by clicking here.
1. Call Piper Partners
Working as Buyer Representatives, our job is to help you find the home that is the best fit for you, while protecting your interests throughout the buying process. During our initial consultation, you will receive our PiperPartners Buyer’s Guide, to give you an introduction to the ins and outs of buying a home. We will listen to you to best understand your wants and needs for your new home and neighborhood. We are consultative agents and will always act in your best intersts. Contact us to help get you started!
2. Get Approval for a Mortgage Loan
It’s important that you obtain a financing pre-approval from a lender before you find a home you want to buy – particularly in a hot market where sellers can receive multiple offers. The pre-approval process on average will only take about 15-20 minutes over the phone. During the loan approval process, a lender will look at your income, assets, credit history, debt, and expected down payment and closing costs to determine your price range. To get pre-approved for a loan, Contact Us to refer you to one of our preferred lenders!
3. Start House Shopping!
Once we know your price range, we’ll do our homework and will narrow down your search criteria based on your needs, wants and preferences.
In order to find you the perfect Ann Arbor, Dexter, Chelsea or Saline Area home, we subscribe to the Multiple Listing Service, which gives us access to every home currently on the market, regardless of the listing company. Our MLS search allows you to customize searches, save your favorite properties, and receive email updates when new homes are listed.
Next, we will help you find the perfect home – we’ll search every last one to find it! But that’s not all we do! We see it as our job to find homes for sale that haven’t even been listed yet. We do direct mail campaigns and even go door knocking to find you the perfect home! Also, ask us about our pre-listed homes. We have many sellers that have indicated an interest to sell in the near future and are getting their homes ready for market. We may be able to pair you up with one of these.
4. Negotiating the Contract
Once you’ve found perfect home, we will research comparable properties to provide you with suggestions for an offer price, closing credits, settlement and occupancy dates, items to convey, as well as other contingencies. The seller then has the option to either accept, reject, or make a counteroffer. Once both parties agree to the price and terms, the contract will be signed and will be legally binding on both you and the seller.
After the contract is signed by both parties, we will help you complete any necessary inspections and satisfy the contingencies. Some examples of contingencies include: radon inspections, final loan approval, a review of the Home Owner’s Association documents, and home appraisals. If any problems arise, we will negotiate on your behalf with the seller until you’re happy and all the contingencies have been satisfied.
6. Get Ready to Move!
About two weeks before closing, or once we have satisfied all contingencies, you’ll need to change your address through the post office, contact your utility companies, schedule moving trucks, and start packing! The day before settlement, we will do a final walk-through of the house to check the condition of the property. Unless the contract is “As-Is” (foreclosed and bank-owned properties, for example), the appliances, heating, cooling, plumbing, and electrical systems should all be in “normal working order”, and all the inspection repairs should already have been completed.
7. Welcome to Your New Home!
On the day of closing, you will need to bring a cashier’s check, your personal checkbook, and your government-issued ID (driver’s license / passport). The losing agent will review all of the paperwork necessary, and after a little while signing your way through the paperwork, you will be handed the keys to your new home.