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BUY

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Are You Ready To Begin Your Home Search?

Start Your Journey Today!

1

Initial Consultation

  • Establish your home needs & wish list

  • Prioritize your needs & wants

  • Market education & orientation

5

Contract Negotiation & Acceptance

  • Offer acceptance by Seller or counter-offer/negotiation of Contract terms through your Agent

  • Upon acceptance of all Contract terms by Seller and by you, the Contract will be executed

  • Earnest money deposited

9

Title Work

  • Your Agent will contact the title company

  • Title search and examination will be completed

  • Title company will issue title insurance

2

Pre-Approval

  • Obtain pre-approval through the lender of your choice

  • Formal commitment by lender to extend credit

  • Credit check

  • Lender commits to a specific loan amount for you to start your home search and provides a pre-approval letter to submit with offer

6

Inspection

  • Your Agent will assist you in coordinating home inspections you wish to conduct such as:

  • Termite (required by most lenders)

  • Structural & Mechanical

  • Radon

  • Lead Based Paint (for homes built prior to 1978)

  • Property Survey

  • Any other inspections your Agent recommends based on the property

10

Closing

  • Contract and financing contingencies are satisfied

  • Final loan approval is obtained and documents are sent to the closing officer

  • Closing process occurs when you sign all loan and
    purchase documents

  • Lender loans the funds

  • The deed is recorded

3

Start Your Search

  • Discuss your home needs and wish list with your Agent

  • Select properties you are interested in seeing

  • View properties with your Agent

  • Find the right property for you

7

Loan Approval

  • Complete mortgage application if not done previously

  • Your lender will order an appraisal on the house

  • Secure underwriting approval

  • Satisfy any conditions

  • Loan is processed

11

Move Into Your Home

  • Contract and financing contingencies are satisfied

  • Final loan approval is obtained and documents are sent to the closing officer

  • Closing process occurs when you sign all loan and
    purchase documents

  • Lender loans the funds

  • The deed is recorded

4

Make an Offer

  • Your agent will advise you and prepare the offer

  • Your offer will be presented to the seller

  • Earnest money typically accompanies the offer

  • Request the purchase of a home warranty in your offer if you are concerned about home systems or appliances breaking post-sale. You may also choose to purchase a home warranty if the seller declines

8

Renegotiate

  • Your Agent will guide you through any renegotiations resulting from inspection, title or appraisal results

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If you need credit repair:

  • If necessary, work with Bullseye Credit Repair Service or a credit repair specialist of your choice

  • Delay next steps while credit repair and credit approval is underway

  • Continue follow-up with your Agent during this process

  • Time for credit repair will vary. Once credit repair is complete, move forward on your road to home purchase

Your Residential Real Estate Partner

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RON PETRELLA

A real estate transaction is one of the most significant emotional and financial decisions. You deserve to work with a partner you can trust! Whether you’re in the market to purchase a new home or getting ready to sell your property, I would consider it a privilege to discuss my proven methods and experiences with you. I understand the importance of open conversations to share information and your expectations and set goals for your real estate transaction. I understand that “how” you live determines your home choice. Your happiness is of the utmost importance to me, a partner in every step of your journey.

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I am confident in my ability to assess, value, strategically price, and market your home. Together, we evaluate offers and navigate contingencies to facilitate the settlement of your home. When selling or purchasing a home, I will provide you with a tireless passion to achieve your goals.

CONTACT

Interested in:

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43777 Central Station Drive,

Suite 390 Ashburn, VA 20147

Ron.Petrella@PearsonSmithRealty.com

Mobile: (703) 980-1615

Office: (571) 386-1075 

​VA License #0225225606

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