buyer services

1. Mortgage Pre-Approval

Unless you're paying cash for your home, you'll need to talk to a lender about obtaining a pre-approval letter for financing.  The lender can provide answers to questions about interest rates, closing costs, loan products, down payment requirements, and monthly payment expectations.  We can provide referrals for mortgage lenders if needed.

4. Make An Offer

Once you have found The One, we will review the comparable sales data to analyze the list price and come up with an offer strategy.  We will review the sales contract and offer terms and present the offer in writing to the listing agent.  You will be guided through the negotiation process and once terms are mutually agreed by buyer and seller, the offer will be revised for the seller to sign.  Once the contract is signed by both parties, you will be officially under contract and earnest money (typically 1% of the sales price) and the termination option fee will be due.

7. Clear Mortgage Contingencies

If you are obtaining financing, you will have a mortgage contingency typically 20-30 days to obtain a mortgage commitment.  Once your lender has all of your documents, they will send it to underwriting to review.  Once underwriting has issued a Clear-to-Close, your loan is complete and the file will be sent to the title company for closing.

2. Buyer Consultation

We'll sit down with you at our office (or via phone or virtual) to discuss your search criteria in detail, review available inventory, and answer any questions about the home buying process.  This will maximize efficiency of your time looking at properties that meet your criteria and we can all be on the same page with your timeframe and home ownership goals.

5. Inspection & Attorney Review

You will have an inspection contingency typically for 7-14 days to conduct an inspection after the offer is signed.  We can provide referrals for professional home inspectors if needed.  If any serious issues are uncovered, you can negotiate seller repairs or credits at closing to have the repair done yourself.  You will pay the inspector upon having the inspection.  It is optional to have a real estate attorney review your contract, title commitment and closing documents.  We can provide referrals for local real estate attorneys if needed.

8.  Final Walk-Through

Before we head to the closing table, we'll have a final walk though of your future home.  This is our chance to make sure the sellers made any repairs agreed to, all appliances and fixtures negotiated were left behind and that the sellers didn't accidentally damage the home when moving out.

3. Home Search

After the available properties are narrowed down to your list of favorites, we will schedule buyer tours to see homes that not only fit your criteria but also have great resale potential.  Navigating the search process to help you make a smart investment is our priority. 

6. Loan Application & Appraisal

If you are obtaining financing, you will need to make a loan application upon receiving the contract.  Your lender will let you know the list of financial documents necessary to provide to the lender including a couple months of bank statements, tax records, pay stubs, etc.  Once you feel confident your home purchase is moving forward after attorney review/inspection period, your lender will have an appraisal done on the property.  

9.  Closing

We will attend your closing at the title company with you.  The escrow officer will explain each form you will need to sign and will review the numbers on the settlement statement.  Closings typically take an hour on average.  When closing and funding is complete, you'll receive the keys to your new home!

APPRAISAL

Assessment of the property's market value, typically done for the purpose of obtaining a Mortgage.

APPRAISER

The lender will hire an appraiser to place a value on the property before approving your loan.

ATTORNEY

You are always welcome to seek outside legal counsel on the contract.

DEBT-TO-INCOME RATIO

The percentage of an individual's monthly gross income relative to the amount of debt owed.

EARNEST MONEY

A deposit made by the buyer in good faith that they’re going to purchase a home.  This is money that the buyer won’t get back if they decide to back out of the deal for a reason not specified in the contract as one potential remedy available to seller in the event of buyer default.

ESCROW

In real estate, escrow refers to an account in which funds related to the transaction are held by a third party.

 

ESCROW AGENT

The third party that is responsible for holding any funds during the real estate transaction, typically an escrow or title company.

HOME WARRANTY

A policy that covers the cost of replacing or repairing many home appliances and systems if they break after the buyer has purchased a home.  Referred to as a Residential Service Contract in the Purchase Contract, home warranties are not required, but are often purchased by a buyer when they close on a home.  The seller is usually responsible for paying the cost of the buyer’s home warranty.

INSPECTION

You are encouraged to have the property you want to buy inspected by a licensed inspector of your choice.  You should have the inspection completed during any option period.  If there are issues, we can determine the best way to move forward.  Any obligation to complete repairs or credit in lieu of should be resolved and in writing before the option period expires.

 

LOAN OFFICER

The loan officer represents a financial institution and provides a loan to the buyer.

key terms

OPTION PERIOD

A specific timeframe in which the buyer is able to terminate the contract for any reason without risking their earnest money deposit.

OPTION FEE

A non-refundable fee paid by the buyer to the seller at the beginning of the option period.  In the case that the buyer terminates the contract during the option period, the seller has the right to keep this money.  Generally, the fee is credited back to the buyer at closing.

PRE-APPROVED

Advanced approval from a bank or other lending institution for a home mortgage.

PRE-QUALIFIED

Potential buyers provide an overall financial picture and mortgage brokers provide an estimate of what level of loan you will likely be pre-approved for.

SELLER'S DISCLOSURE

A form required by sellers of previously occupied single family residences and is to be used in conjunction with a contract for the sale of real property.  It contains information required to be disclosed by Section 5.008 of the Texas Property Code regarding material facts and the physical condition of the property.

SURVEY

A document that identifies the location of boundaries, major improvements, fence lines, drives, encroachments, easements, and other items on the property.  The contract will typically contain a provision that identifies who is responsible for obtaining a survey and the right to object to encumbrances to title disclosed in the survey.  

TITLE COMMITMENT: a document that discloses any liens, defects, or obligations that affect the property and outlines the terms and conditions that must be met before the title policy is issued.

 

TITLE POLICY

This is an insurance policy that protects the buyer if someone comes forward to claim ownership of the home after closing.  This lasts for as long as the buyer owns the property.

WALKTHROUGH

The buyer reviews the house just before closing to make sure everything is in the same condition and that all negotiated repairs are completed.

HOME  |  SEARCH  |  EXCLUSIVE LISTINGS  |  AGENTS  |  BLOG  |  PRIVACY POLICY  |  SITEMAP  |  AGENT EMAIL

CONTACT US

Contact us here or call 830.257.4000

COPYRIGHT© 2021 Fore Premier Properties, LLC | ALL RIGHTS RESERVED

Equal Housing Opportunity  |  Licensed as a Broker in Texas  Lic. #9001972

Texas Real Estate Commission Information About Brokerage Service

Texas Real Estate Commission Consumer Protection Notice

Explore the most comprehensive source for real estate in Kerrville and the Texas Hill Country area.  Search the Kerrville MLS (Multiple Listing Service), find Kerrville area information, and more.  Fore Premier Properties is a full service real estate firm specializing in the marketing and sale of fine homes in the Texas Hill Country and Kerrville, as well as selected commercial, farm and ranch properties.  For your convenience, we also serve Bandera, Bexar, Blanco, Burnet, Comal, Edwards, Gillespie, Hays, Kerr, Kendall, Kimble, Llano, Mason and Real counties.  As your premier real estate company of choice, we will be there to assist you from beginning to end.  Investing in real estate is always a momentous point in anyone’s life. Whether it be the purchase of commercial property investments, farm and ranch property or relocation to a new home, one thing rings loud and true: you are making a life-changing undertaking.  As a matter of fact, it is a commitment and one that will have implications for you and your future.  That is why when you plan on looking for Kerrville, Texas real estate and land for sale in the Texas Hill Country, you simply cannot discount the value of a top notch Kerrville Realtor®.  Trust Fore Premier Properties to serve as your guide through the whole process of looking for homes and land for sale in Kerrville, the Texas Hill Country, and its surrounding areas.  Start by browsing through our Kerrville MLS.  This link will take you to the Kerrville Multiple Listing Service, which allows you to search for all Kerrville homes for sale as well as the entire Kerr County real estate marketplace.  Please feel free to browse through this site to explore the many wonders of Kerrville and its surrounding areas of Bandera, Boerne, Center Point, Comfort, Fredericksburg, HarperHunt, Ingram, Johnson City, Medina, and Mountain Home; all centrally located in the Heart of the Texas Hill Country.  Our comprehensive online tools offer direct access to the latest properties for sale in the Kerrville area and access to the Kerrville MLS.  Featuring extensive community information, consumer links, school information, preferred vendors, and more - you’ll find everything about Kerrville real estate within one easy source.  We can customize a search tailored to your personal needs so you can receive automatic updates as soon as any new listings become available for all Kerrville homes that meet your specific criteria.  So if you are interested in the Texas Hill CountryTexas Hill Country Luxury Homes, or Texas Hill Country Ranches, give us a call, we will be delighted to talk with you.  Those interested in residential real estate in Kerrville will find many types and styles of homes for sale in Kerrville, as well as community events of interest and local amenities unique to the Kerrville area.  Others may enjoy outdoor activities and the family friendly atmosphere of Kerrville.  If you are considering buying or selling property, planning to relocate, looking for Kerrville homes for sale, or looking for any other information about real estate in Kerrville; you have come to the right place.  This complete Kerrville real estate resource offers everything you will need: access to property listings with photographs and virtual tours, and real estate articles to help guide you through the home buying or selling process.  You can also find a Kerrville real estate agent, to assist you when you buy or sell a home, and find information about Kerrville communities, schools, real estate market conditions, recreation and much more!  In the communities of Comanche Tracethe HorizonRiverhillSaddlewood Estatesthe SummitTierra LindaVicksburg VillageWhiskey Canyon, and Cypress Springs, you will find the perfect property investments.  These neighborhoods are situated in close proximity to the Guadalupe River and conveniences of the city of Kerrville.  Thus, it is assured that you're investing in a place that is close to nature and one that is near excellent outdoor activities.  From hill top homes to sprawling ranch estates in the Texas Hill Country, real estate in the area are varied, as they are splendid and unique. And as the economy gradually grows in Kerr County and its neighboring communities, property investments of the commercial type will no doubt become that much more attractive.  Come to Kerrville, Texas and realize your dreams. Whether you are looking for Kerrville propertiesTexas Hill Country RanchesKerrville Commercial Properties, or Kerrville Real Estate in general, you have come to the right place.  For all your Kerrville real estate and Texas Hill Country real estate needs, contact Fore Premier Properties today and let us show you why Fore Premier Properties is the best choice for buying or selling property in the Texas Hill Country.