For Our Buyers
Your Guide to Purchasing Your San Antonio Home
As your san Antonio real estate agent,
We have a 3 Goal Mission
1.
TIME
Find the perfect home for you in the shortest amount of time.
2.
PRICE
Secure your new home at the most favorable price possible.
3.
Ease
Make the entire buying process seamless and stress-free.
Types of Lending
Buying Your Home
Getting Pre-Approved
To get pre-approved for a home loan, a lender will review your credit score, which typically needs to be between 600-620, verify your income to ensure you are financially stable, and assess your debts to make sure they fall within an acceptable debt-to-income ratio. High levels of debt can affect your overall approval and the loan amount you qualify for.
What to Expect
Home Buying Timeline
Navigating the home buying process can feel overwhelming, but understanding each step can make it much smoother. Below, our San Antonio relators have outlined a comprehensive timeline to guide you from securing a real estate agent to closing on your new home. This timeline will help you stay organized and informed, ensuring a successful and stress-free home buying experience.
1. Hire Rebaldo Realty Group
Hire a San Antonio real estate agent you trust to navigate you through the buying process.
2. Get Pre-Approved
Find a trusted lender and identify your buying power and budget.
3. Begin Shopping
From the MLS search results, we go and visit the Top 3 homes.
4. Submit an Offer
We will offer our suggestions an gather and explain the necessary paperwork.
5. Negotiate
We’ll work on your side to get you the best possible arrangement
6. Offer Accepted
We are now under contract.
7. Option & Earnest
Our realtors will help you coordinate delivering the necessary money to secure the home.
8. Inspection
Have a professional inspector provide an examination of the condition of the home.
9. Negotiate Repairs
Your real estate agent will review your inspection report and negotiate on your behalf.
10. Appraisal
Your lender will order an appraisal to confirm the value of the home.
11. Final Walkthrough
We’ll take one last look at the house before you close, double checking for any changes.
12. Closing
We’ll go to title and sign all closing documents. As soon as your lender gives funding and authorization, you get the keys!
Common Expenses
Home Buying Costs
Buying a home involves more than just the purchase price. It’s important to be aware of additional costs like inspection fees, appraisal fees, and closing costs. Below, our realtors have detailed these expenses to help you plan and budget effectively, ensuring there are no surprises along the way.
Earnest Money
Earnest money is 1% of the home’s sales price and is due within 3 days of an accepted offer. It is credited toward your down payment.
Appraisal Fee
Appraisal fees are due at the time of the appraisal and range from $500-$600. This fee is not credited toward your down payment.
Inspection Fee
Inspection fees, which typically range from $400-$550, are due at the inspection. This fee is not credited toward your down payment.
Closing Costs
Closing costs, due at the time of closing, are 3% of the home’s sales price. This fee is not credited toward your down payment.
What are Closing Costs?
Closing costs are costs associated with purchasing a home. These costs are generally things like pro-rated taxes, home insurance fees as well as lender and title fees. These costs average between 2-3% of the sales price of the property.
Inspections
Why Do I need An Inspection?
The main purpose of an inspection is to give you as the buyer a clearer picture of the overall health of the home you’re purchasing. Although an inspection is another expense during an already costly process it is arguably one of the most important investments you will ever make in your home.