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We'll Help You Buy Your Dream Home in Northwest Arkansas

The Home Buying Process Starts Here

Buying a home is a big step! Whether you're buying your first home, your dream home, or your tenth investment property, yours will be a big investment. We know how important this is to you, and we have an army of experts to make sure we find the perfect property for your unique circumstances. We know the market and love real estate, and we'll educate you throughout the buying experience. Finding the perfect property is just one way we can help you with your real estate purchase. As real estate agents, we have ongoing access to experts in every related field from lending to relocation.

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Deciding to Buy

Discover the Path to Your Ideal Property

When it comes to financial decisions, purchasing a property ranks as one of the most significant choices you'll ever make. Whether you're a first-time buyer or a seasoned investor, the gravity of this decision cannot be underestimated.

What's Motivating Your Purchase?

Are you tired of paying rent and ready to invest in your own mortgage? Is it time to move up from your current home? Are you considering building an investment portfolio or acquiring a rental property? Perhaps a bigger yard or a change in location is what you desire. Understanding your motivations for buying will be crucial in finding the perfect property that aligns with your goals.

Unleash the Potential of Your Growing Income

Investing in real estate is a proven and reliable way to expand your financial horizons, whether you're searching for your dream home, a rental property, or diversifying your investment portfolio. The ownership of property presents a low-risk opportunity to build equity and enjoy substantial returns on your initial investment.

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Prepping to Buy

The Importance of Loan Pre-Approval

At The Summit Home Team, we emphasize the value of getting pre-approved for a home loan before seriously diving into your home search. Securing a home loan first gives you and your agent a better understanding of your budget and indicates to sellers that you're ready to buy. A pre-approval can set you apart from other potential buyers in competitive areas like Northwest Arkansas.

While big banks or online lenders might seem like convenient options, they often lack the local insight required for a quick close. We've seen it firsthand. Lean on our experience by contacting our office and speaking directly to one of our agents. We understand the loan approval process and will guide you through securing your pre-approval, strengthening your position, and making the home-buying process more straightforward.

Preparing for Your Property Purchase: Essential Steps for Success

Before you embark on your property shopping journey, taking some preparatory measures can significantly enhance your chances of a smooth and successful experience.

Assemble Your Green File

Your green file is a compilation of crucial financial documents that will play a pivotal role in securing financing for your property. To ensure a seamless process, include the following in your green file:

  • Financial statements
  • Bank account details
  • Investment records
  • Credit card information
  • Auto loan documentation
  • Recent pay stubs
  • Tax returns for the past two years
  • Copies of leases for any investment properties
  • Details of 401K statements, life insurance, stocks, bonds, and mutual accounts.

Assess Your Credit Rating

Your credit score is a significant factor in determining the type of property you can purchase and the price range available to you. Before diving into the property market, it is essential to check your credit rating with a reputable lending institution. This assessment will help us establish a clear understanding of your financial capacity. The lender will review your credit ratings from the three major credit reporting agencies: Equifax, Experian, and TransUnion. Should you need recommendations for experienced lenders in residential, construction, commercial, or investment real estate, we're more than happy to assist.

Exercise Financial Prudence

During this period, exercise caution with your finances. Avoid making sudden career changes or significant purchases that could impact your financial stability. Approaching the property purchase with a firm foundation of financial security will put you in a favorable position for a successful transaction.

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Choose Your Summit Agent

Navigating the Property Purchase Journey with a Trusted Real Estate Professional from Summit

When buying a property, numerous critical financial decisions must be made, complex facets to understand, and extensive paperwork to complete. Having an expert from Summit by your side during this significant investment can make all the difference. We are here to be your guiding light through this process, offering our expertise and exclusive access to property listings before they reach the general market.

Here are some key factors to consider when selecting your real estate professional at The Summit Home Team:

  • Seek a Full-Time Agent with Relevant Experience: All of our agents are full-time agents with a wealth of experience in successfully completing similar transactions. Their expertise will prove invaluable in guiding you through the intricacies of the real estate market.
  • Prompt Responsiveness: Time is of the essence when buying a property. Our agents are known for promptly returning your calls and addressing your inquiries.
  • Personal Connection Matters: You have the option to choose one of our agents who meshes well with you and who you feel comfortable with your needs and concerns. Multiple agents are available at Summit to help you feel confident throughout the process.

With our support and a trusted real estate professional, your property-buying journey will be well-guided and rewarding. Let us assist you in finding your dream property while ensuring a seamless and enjoyable experience every step of the way.

residental neighborhood

Shopping for a Home

Discover Your Dream Property: The Journey Begins!

Now that you've completed the necessary preparations, it's time to embark on finding the perfect property that suits your needs and preferences.

Take a Drive

Begin by familiarizing yourself with the neighborhoods, complexes, or subdivisions that pique your interest. Take a drive around these areas to get a sense of what it would be like to own a property there. This will help you gauge the ambiance and surroundings, enabling you to start envisioning your life in each location.

Narrow Your Search

Select a few properties that stand out and capture your imagination. Once you've made your list, have your real estate agent arrange appointments to visit them. While touring these properties, don't hesitate to inquire about their potential long-term resale value to make a well-informed decision.

Time to Buy

Once you've found the property that truly resonates with you, your real estate agent will guide you in making an attractive offer that the seller will gladly accept. An excellent agent will meticulously examine potential costs and expenses associated with the property to ensure you have a clear picture of your investment. Moreover, they will skillfully draft your offer, providing you with a competitive advantage over other potential offers.

With the support of your dedicated real estate agent, the journey towards owning your dream property will be both exciting and rewarding. Let us help you navigate the process with confidence and expertise, making your homeownership dreams a reality.

 

inspector looking through house

Under Contract, Inspections & Appraisals

Step-by-Step Guide to a Smooth Real Estate Transaction

1. The Initial Agreement and Deposit

An effective agreement between you and the property seller marks the beginning of your journey. To streamline the process, keep written records of all verbal agreements, counter-offers, and addendums, transforming them into written agreements signed by both parties. Rest assured, we'll handle all the necessary paperwork for your purchase and provide you with copies for your records.

2. The Closing Agent

A reputable closing agent, either a title company or an attorney, will be selected to oversee the closing process. They will ensure that the deposit is held under contract and conduct a thorough investigation of the property's recorded history to confirm a clear title, free of encumbrances. Any new encumbrances will also be appropriately added to the title. We'll guide you through this crucial step, addressing any concerns along the way.

3. How to Hold Title

Consulting an attorney or tax advisor is recommended to determine the most suitable method of holding title, considering the legal, estate, and tax implications—especially in scenarios involving selling or the passing of the title holder.

4. Inspections

Upon seller acceptance, a licensed property inspector will inspect the property within the agreed timeframe. You can opt for specialized inspectors to provide professional opinions on specific areas, such as the roof or HVAC system. For commercial properties, an environmental audit may be necessary. Based on the inspection outcomes, contingencies will be addressed, and any potential renegotiations will be handled with expertise.

5. Appraisal and Lending

Stay closely connected with your lender during the loan approval process, providing any additional documents required to secure your loan. The property will be appraised to confirm its value for the lending institution. We'll ensure smooth communication with your lender to facilitate a timely closing.

6. Association Approval

If association approval is required, obtain all essential documents from the seller as soon as possible after the agreement is made. Submit the application documents and fees promptly, completing them accurately to avoid delays. If an interview is necessary, schedule it promptly. Your closing agent will require the original approval letter for recording with the deed in the county public records.

7. Property Insurance

If obtaining a loan, your lender will mandate a specific amount of insurance on the property. You can save on homeowners' insurance by exploring various options and considering a higher deductible. We can recommend experienced insurance agents for different property types, helping you find the best coverage for your needs.

With our expert guidance and attention to detail, your real estate transaction will progress smoothly and confidently. Count on us to be your trusted partner every step of the way, making your property purchase a stress-free experience.

people looking over contract

Moving Into Your New Home

Closing Day: The Final Steps to Your New Home

Congratulations are almost in order, but not just yet! Before we reach that momentous occasion, let's tie up these loose ends together:

Final Walk-Through Inspection

A day before or on the day of the closing, we'll conduct a final walk-through inspection. Though it's mostly a formality, it allows us to verify that everything is in working order and as you last viewed it. We'll ensure that no extra items are left behind, and all the inclusions mentioned in your purchase agreement are still at the property.

Home Services and Utilities

After the closing, we'll provide you with a list of useful numbers for activating home services and utilities, making the transition to your new home seamless.

Be Prepared

Even at this last stage, unexpected glitches may arise. If anything breaks down or minor details require attention, don't worry. We have the experience and expertise to handle any challenges efficiently and stress-free.

Closing

During the closing, the closing agent will present a settlement statement summarizing the financial transactions involved in the process. You, the seller(s), and the closing agent will sign this statement, ensuring its accuracy. If you are financing your purchase, you'll need to sign all relevant documentation required by the lending institution. In case you're unable to attend the scheduled closing, we can make arrangements based on the circumstances and notice we receive.

If you're bringing funds to the transaction, you can choose to wire the funds electronically into the closing agent's escrow account or bring a certified bank check for the specified amount on the settlement statement. The seller will arrange to provide all property keys and other essential information to you at the closing, so you can smoothly take possession of your new home.

As we approach the closing day, rest assured that we'll be with you every step of the way, ensuring a successful and exciting transition to your new home. Your journey towards homeownership is almost complete!

Start Your Home Search

Search for Homes Wherever You Are

When buying a home, start by making a wish list and setting a budget. We can help you choose a lender to get you pre-approved for a loan, and then you're ready to start house hunting. Search for your dream home from any device on our website. You can even compare walk scores, school ratings, and neighborhood demographics for different listings.

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Get Listing Alerts

Be the First to Know When a Property Hits the Market

When you save a search on our site, any new homes matching your wish list criteria will be delivered straight to your inbox the moment they go up for sale.

Save and See Listings

Favorite Properties and Tour Homes

Click the ❤️ icon when you find a house you love to save it in your favorites section and let us know you like it. Hit "See This Listing" or reach out to our team directly to schedule an in-person showing. We're happy to walk you through the home and answer any questions, so you can make an informed decision.

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Discover Comprehensive Solutions Through Our Trusted Vendor Network!

Whether you're a part of our client community or beginning your home buying journey, our handpicked team of vendors is at your service. From expert home inspectors to reliable lenders, we're here to connect you with the right professionals to make your home buying experience seamless.


Making An Offer And Closing

We're With You Till the End

When you find a home you love, our team will help you submit an offer. We are skilled negotiators that know how to get you the best price and value possible. Once an offer has been accepted we'll help you navigate through inspections, appraisals, and closing in a stress free way. We do all of this at no cost to you, the buyer, as we are compensated by the sellers.

Then it's time to get the keys, throw a housewarming party, and make lasting memories in your new home. We're so happy that you trusted us to help you through this exciting process.

Are you Looking to Sell a Home in Northwest Arkansas? We can Help! 

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Stayed in Contact with Us Throughout the Entire Process!

Taylor met with us and helped us get the top dollar for our house in a timely manner. He stayed in contact with us during the process from beginning to end. Taylor will work tirelessly to help his clients find their dream home, property or sell their investment.

– Justin C.

Contact Us Today

Welcome to The Summit Home team, your personal guides to Northwest Arkansas's vibrant real estate market. Whether you're buying, selling, or investing, our experienced team is here to offer tailored solutions that meet your needs. Connect with us today.