What You Should Know About The Montclair Home Buying Process

Montclair home buyers who have a solid understanding about the Montclair real estate transaction or home buying process will ultimately make smarter, more confident home buying decisions. That’s our goal – to help empower you. Before we began our search for your Montclair home of your dreams, it is important to know what is involved in the home buying process. During the initial home buying assessment, we will review your needs and your financial situation to determine how to best serve you. You may also meet with a lending consultant or mortgage representative and be pre-approved for your loan right here.

During your initial home buying assessment we will discuss all of the following topics:

• Real Estate Agency Relationships

• Equal Housing Opportunity

• Financing your new Montclair home

• Your Wants and Needs in your next Montclair home – Your home buying priorities

• Searching for the right Montclair home

• Negotiating your offer to purchase your Montclair home

• Rights of Montclair home buyers to perform inspections such as:

1. General home inspection
2. Structural inspection
3. Asbestos inspection
4. Radon inspection
5. Lead based paint inspection
6. Underground oil tank inspection
7. Termite inspection

• Documents required at time of contract signing

• Closing procedure in New Jersey

After the Contract is Signed on Montclair Home

Once negotiations on the purchase of your new Montclair home have been completed, we can begin preparations for the closing of the property.

• Secure copies of the property description.

• Secure copies of executed sales contract.

• Choose your Attorney or Title Company

• Apply for Mortgage Financing.

• Secure necessary documentation per mortgage lender or contract.

• Obtain home inspection, if required by contract.

• Obtain wood-destroying insect and/or termite certification and/or guarantee.

• Obtain structural certification if termite and/or wood destroying insect infestation is found.

• Give additional deposit to Christine Lane's office.

What Happens Next – Your Montclair Home Buyers Checklist

Be certain to provide our office with the name, phone and fax numbers and address of the Attorney whom you have selected. Expeditiously provide all necessary documentation requested by the lender to insure that your loan will not be held up in processing.

Handling Every Detail on Your Behalf

Our office will assist you in scheduling and completing the home inspection, as well as all other inspections including termite/pest and radon, if required by contract. We will insure that all necessary certifications and documentation are provided at the conclusion of the inspection process. Be certain to deliver your second deposit check to our office on or before the date on which it is due. It is your responsibility to obtain fire and homeowner's insurance on your new home. Be certain to provide documentation of your insurance policy to your lender or to the attorney conducting your closing. Contact Christine Lane's office a week prior to Closing to set up a final walk through inspection of your new home to be conducted anytime.

Are You Ready to Get Started?

If so, contact Montclair Real Estate and her team and we will help you buy the absolute best Montclair home to fit your needs.