Buying a Home

Buying a home is probably one the most expensive and most stressful events a person goes through in a lifetime. At Meyer & Spencer we streamline the process. We prepare you so that you know your rights and obligations and we also inform you of the hidden costs you will incur. Generally, the process proceeds as follows:

• Your purchase offer is accepted;
• Your real estate broker sends us a Memorandum of Sale which provides us with all the details;
• You hire a professional engineer/home inspector and you accompany him on the inspection;
• Seller’s attorney sends contracts to Meyer & Spencer;
• We review the contract and negotiates any necessary terms to protect your interests;
• You meet with Meyer & Spencer to review contracts and to provide us with 10% downpayment check;
• We return the contract with the 10% downpayment check payable to Seller’s Attorney as Escrow Agent;
• Sellers sign contract and return to Meyer & Spencer;
• You promptly apply for your mortgage (if you have not done so already);
• You calendar your mortgage commitment deadline (very, very important!);
• We order a title report and work on clearing any title problems;
• We notify the Sellers on the commitment date whether you have received your mortgage;
• We coordinate the scheduling of the closing;
• We provide you with the amounts and names of the certified check payees;
• We attend the closing with you.