Tuesday, July 22, 2014 / by Fra Jamir
I’ve written about the professionals who are on call to help anyone who sets about selling their house—but there is another team of pros who can be called on when it comes to buying a Charleston home. Buying a home in Charleston, SC is not quite like any other purchase—even those with high dollar amounts. Buying a new Audi or Dodge Viper, for instance, can run you well over $100,000, but you don’t need much more than a fat savings account and willing car salesman to complete the deal.
Buying a home is just different; you need to be able to count on the help of a number of professionals from a number of different fields of expertise. Before you are handed the front door key, you’ll need to secure the necessary funds, acquire the property in a legally-bulletproof manner, and diligently investigate various aspects of the home’s plant and history—all the while protecting you against any kind of fraudulent representation. Here are four of the professionals whose assistance will greatly facilitate the process.
The most basic requirement for buying a Charleston home is the substantial amount of money involved. Most often, the actual cash is pledged by a third party—bank or other financial institution—which supplies it in exchange for your promise to repay it over time. There are several financing options, with mortgages being the most popular: that makes the Mortgage Broker the person to consult. The broker will advise you on the types of mortgages available, the amount you qualify for, lay out the chosen payment plan—and take you through a substantial amount of paperwork.
A great Realtor® contributes a lot more to buying your home in Charleston, SC than just selecting which of the current listings will be the most suitable. That Realtor will arrange showing schedules that make the best use of your time and energy, will be a trustworthy key player when you are evaluating and negotiating the price of a potential home, and sometimes will unearth possibilities that are only available to one who is plugged into the ongoing real estate market 24/7. Your Realtorcan also help you field other members of your team.
Your Inspector is the pro who will give you the go-ahead on the condition of the property. That Inspector will use a lifetime of experience to go over the physical plant and prepare a comprehensive report on its every critical aspect. It’s often the prime determinant that guides your decision about whether it truly fits the price you are agreeing to pay.
When you’ve reached the final stages in buying a home, it’s the Escrow Officer who facilitates the actual transfer of the property. He or she will prepare the legal documents that legally record the transfer of ownership from the seller to you, as well as oversee the proper and timely deposit and disbursement of funds.
This summer will be prime time for buying a home in Charleston, SC. It all starts with a phone call—if you’re looking for a top-notch professional, I hope you’ll be making that call to my number!
Jeff Cook Real Estate