The Buying Process

The home buying process can take as little as 1 month or as long as 6 months. It generally takes most buyers 2-4 months to find and close on their new home.
  1. Loan Pre-Approval (1-2 Days)

    It’s not required to have a pre-approval letter before looking at homes, but it’s a good practice. You will need a pre-approval letter in order to make an offer & it takes 10-15 minutes to fill out the application, followed by a few emails to provide supporting documents.
  2. Home Search (1-3 Months) Click Here to Read Our 5 Tips for A Great Home Search

    Everyone searches at their own pace, so it’s difficult to know exactly how long it will take for you to find your new home. You want to move forward on a property when you’re comfortable that you understand the market. This can take a weekend or a few months. Most people search for 1-3 months before making an offer. We love helping people find the perfect home and you can read our 5 Tips for a Great Home Search here.
  3. Make an Offer (1-3 Days)

    When it’s time to make an offer, we will send a Comparative Market Analysis (CMA) to you, which helps us understand if the property is priced correctly and what to offer. Depending on how much we need to negotiate the purchase, it usually takes 1-3 days to put a property under contract.
  4. Contract to Close (30-45 Days)

    Once you’re under contract, it will take 30-45 days to close. A complete list of steps can be found here, but the most important steps are:
    Executed Date: The date that all parties agree and sign the contract is the executed date. You will have 3 days to deposit your earnest money to title (usually 1% of the purchase price) and your option fee directly to the seller. (The option fee varies based on the situation, but is generally 0.1% of the purchase price).
    Option Period (5-10 Days): You will have a 5-10 day option period, during which you will have your property inspected (inspections are usually ~$500). It’s normal for your inspector to find some deficiencies in the property and we will usually negotiate repairs during this time. If there are too many repairs necessary to move forward, you can cancel the contract and you’ll get your earnest money back (though the seller keeps the option fee).
    Appraisal (2-3 Weeks): As soon as you’re through the option period, you will instruct your lender to order the appraisal, which is ~$500 and can be paid at closing. We’ll get the results of the appraisal roughly 2 weeks after it’s ordered. The appraisal verifies to the lender that the property is worth what you’re paying. If the property doesn’t meet that value, you can walk away from the contract and get your earnest money back.
    Underwriting (3-4 Weeks): Your lender's underwriter will review all loan documents, which usually takes 3-4 weeks. The underwriting process starts before the appraisal is in, but can’t be completed until the appraisal is received. During the underwriting process, it’s normal for your lender to ask you for additional documents. (This doesn’t mean the loan is in jeopardy in any way.)
    Homeowner's Insurance & Utilities (5-10 Days Before Closing): You’ll want to have your insurance in place & the utilities scheduled to be turned on for the day of closing.
    Review Settlement Statement (2-3 Days Before Closing): Your lender will provide you with a required disclosure 3 days before closing & the title company will provide you the settlement statement 2-3 days before closing. This is arguably the most important closing document because it tells you how much money you need to bring & an itemization of what you’re paying for. If you would like to see any other closing documents prior to closing, you can request them.
    Closing Day (30-45 Days After Contract): This is the most exciting day of the process! Make sure you’ve wired in your proceeds prior to closing and bring a government-issued ID with you. If you can’t be in town for closing, we can arrange a remote closing where a mobile notary will come to you.
  5. After Closing

    It’s natural for you to have questions about the home & homeownership after closing. We’re always available to answer questions and to provide you with referrals to any vendors you may need. Our relationship doesn't end at closing and we’re always happy to help in any way we can!
 

WE WOULD LOVE TO HELP YOU WITH YOUR HOME PURCHASE!

Call 512-883-5445

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2300+ Client reviews!

Simon Vand was so helpful in showing me (first time home buyer) exactly what I could expect during every step of the process, answering all of my questions, and finding me the perfect home very quickly. I love the neighborhood I’m in and my house is perfect for me. Definitely recommend working with Simon!

Haval is DA MAN! He has been very helpful in assisting my wife and I in selling our 2 homes. He will also help us sell our primary home later this year. We will also use his services to help us look into buying our retirement home. We would use no one else.

This is my 6th transaction with Haval. This one, in particular, carried very unique
circumstances, and Haval supported me throughout the transition. Not to mention, this
came with a difficult banking experience towards the end, and Haval was quick to step in
to find solutions/resolutions. I wouldn’t use any other agent for my real estate needs.

Haval went above and beyond. Great experience having him next to me the whole time, great
follow-up and updates. A very high asset to your team. I will make sure I spread the word out for
his continuous success.

Haval was great! Haval is like family, always there when you need him. If ever I should need
real estate help, he will be the one and only one I will go to. That includes family. Thanks, Mr.
Haval for your help.

We are so thankful to have been referred to Haval Abbas from a family friend. We relocated from
another state and from the moment we first spoke with him we knew he was the perfect person to help
us through this big life-changing decision. He is extremely knowledgeable, honest, and has an attention
to detail that is so important when making such a big purchase. This summer the market was very much
not in the favor of buyers like us, but with his calm guidance and excellent negotiation skills, we were
able to find a beautiful home in the neighborhood that we love. He really listened to us & got what was
important for our family. He goes above and beyond & even helped us secure a rental when we first
moved out here and continues to help us with finding vendors and anything else we need. He's now
become a friend and someone we would highly recommend to anyone we know.

Jean was so great to work with! She was very responsive and always went the extra mile to make sure all of our questions were answered. She made selling our home fast and easy and I can’t wait to work with her again in our future home searches!

Tammy helped my family find a great first home.. we would highly recommend letting her help you

If you’re looking for a good realtor in Austin or surroundings, call Elizabeth. Buying a house with her was easy breezy. Found a house and closed in 30 days. She’s to the point, doesn’t waste your time, and gets the job done. What more do you want? Thanks!

Danny’s communication, availability, and the ability to come up with active solutions is second to none. Danny was extremely helpful in countless situations; whether it was educating us on the buying process, the market, how contracts work, and everything in between (we were first time home buyers so we had A LOT of questions), Danny was always there to explain things to us in a way that made sense – even when we asked the same question multiple times. 🙂 He never made us feel like he was just trying to get us to buy anything and wasn’t afraid to give his opinion on homes when we asked for his advice based on what he had learned about our likes/dislikes and wants vs. needs. Oh, and let’s not forget Danny had to deal with the difficult seller after his agent refused to answer his or Danny’s calls at the end of the process. Shame on her indeed…but that didn’t phase Danny. I mean, the guy drove to the comptrollers office at 8am in the morning to update the seller’s LLC with little to no help from the other side. If that doesn’t speak to his professionalism, dedication, empathy, and loyalty I don’t know what does.

We hired Sarah Spacek to represent us on a home purchase last fall. She was diligent, knowledgeable, and kept a much closer eye on the necessary improvements and conditions of the new home than we would have.

Once we moved into our new home, we hired Sarah Spacek to represent us in sale of our old home. Her attentiveness, advice to make the house desirable, and oversight of the contractor, made the listing and sale much easier than expected. Yes, for either purchase or sale in North Austin, I would not hesitate to contact Sarah to represent us and help us out.

This most recent transaction is the second time we have asked Jackie Ogier to help us sell a home. She is true professional with a proven track record of selling homes quickly and for top dollar, all while making the process as manageable as possible. She is highly organized and advised us of all the things we needed to do to get our home ready to sell – from references for digital photography to inspectors and handymen. I appreciate her candor and honesty and always felt like she had OUR best interests in mind. You should definitely consider consulting her if you are considering buying or selling real estate in Austin.

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