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Buying

Our Step-by-Step Buyer's Guide

Your modern step-by-step buyer’s guide on everything you need to know about the transformational process of defining your vision, discovering your dream home, crafting an enticing offer, and celebrating a seamless closing.

Embarking on the journey of buying a home can be a daunting experience filled with complexities. But with the guidance of a seasoned luxury agent and this meticulously crafted guide, you can effortlessly navigate the process. By following these steps, you'll not only gain a sense of clarity but also position yourself to secure your coveted property at the most favorable terms and conditions.

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Step 1: Dream Discovery Session

Crafting an Optimal Purchasing Strategy (Complimentary!)
In the first step of your buying journey, we start by deeply understanding your personal aspirations and motivations for purchasing a home. What is your future vision? What does your next chapter look like? What does luxury mean to you? What magical space do you dream of? Your unique needs, such as a quick home purchase that you can later rent, or a strategic long-term investment based on your unique goals, such as a home that is as much fun to work a remote job in as it is to live in, or one that is large enough for multi-generational living, will inform us in aligning our purchasing strategy in support of a successful buying experience with your goals as our compass.

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Step 2: Luxury Agent Selection

Partnering With the Right Agent (Complimentary!)
The final selection of the right luxury agent is a pivotal moment in your buying journey, and it can profoundly influence the outcome of the entire process. A deep understanding of market conditions and seller preferences within the high-end real estate market enables competitive positioning of your offers. An effective presentation of your offer will ensure it shines in its best light. Skillful negotiation of a luxury property demands finesse and sophistication, securing the best possible price and navigating intricate complexities. A customized purchasing strategy designed for your specific goals is imperative, which may include guided tours, coming soon listings, pocket listings, and individual private showings to showcase your options. Perhaps most importantly, working with an experienced luxury agent will give you peace of mind.

You should be able to trust that your agent is dedicated to your best interests, working diligently to ensure a successful purchase while alleviating the stress and complexities that can come with buying a luxury property. The buying side of the transaction is complimentary, as sellers are responsible for compensating both buying and selling agents. Choosing the right luxury agent is a practical decision that will ensure a seamless, successful, and luxurious buying experience.

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Step 3: Financial Alignment

Crafting a Financial Plan
Your journey begins with a solid foundation. Before we embark on the quest for your dream home, we’ll ask you about your ideal budget, offer lenders who can help you obtain loan prequalification or preapproval, or request that you gather your proof of funds if you plan to buy with cash. Your budget should depend on the desired monthly mortgage payment you’d feel comfortable committing to, with additional expenses taken into consideration such as HOA fees, taxes, and utilities. To add a touch of practicality, you can use our Mortgage Calculator. This upfront financial work will help your luxury agent determine the most desirable home options within your reach.

You can position yourself with an advantage by providing sellers with peace of mind that you are a serious potential buyer. In the case of a financed purchase, this entails either getting qualified for the criteria required to get a loan (prequalification) or getting approved for a particular loan amount (pre-approval) by at least one but preferably multiple lender(s). Multiple lenders can provide you with multiple options and will compete for your business with the best interest rates. In the case of a cash purchase, this entails gathering a bank or financial institution-issued document verifying financial ability to perform a transaction (proof of funds).

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Step 4: Property Exploration

Embarking on the Quest: Home Search Phase 01
Once your luxury agent is at your side, the real adventure begins. In this stage, we start the home search process with an expanded approach, exploring a diverse range of properties to discover and then refine your definition of luxury and vision for what you truly desire. This may entail priority-based searching. Do you desire a large pool, expansive lot, or rustic barn? Or we could travel down the location-based approach. Do you envision a neighborhood near a specific school or community with a certain set of lifestyle amenities? Once we explore your abundance of options and better understand your wishes, we can move on to the next phase of the home search process, with a focus on refinement.

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Step 5: Property Refinement

Continuing Towards Discovery: Home Search Phase 02
We believe that the perfect luxury home shopping experience will be tailored to each client. In this step, after we’ve explored market inventory, we execute the second phase of the home search process with a refined approach, exploring a curated selection of properties that match your updated vision for luxury and comfort. This could mean that your top five properties are located in a specific area or feature a specific architectural style or amenity. Once we define this list, we can move on to the final phase of the home search process, with a focus on prioritization.

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Step 6: Dream Decision

Arriving at the Treasure: Home Search Phase 03
With final options before you, it's time to make the dream decision. We are here to provide guidance as you select the property that resonates most with your aspirations, goals, and dreams. This is the time to weigh the comparable pros and cons that each property holds, absorb the tangible and intangible experience that each home offers, and envision the magic that each lifestyle provides. This is a transformative moment, one that empowers you and brings you one step closer to your dream.

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Step 7: Offer Presentation & Negotiation

Securing the Best Deal for You
Once you’ve selected the perfect home, we're prepared to craft a fair yet compelling offer for your dream property! During this step, we carefully evaluate criteria such as the sales price of comparable homes and the current market environment to engage in skilled negotiation strategies on your behalf. This step involves maintaining client confidentiality throughout the negotiations, strong agent communication, and potentially counteroffer curation. More specifically, your agent will present and negotiate details such as offer price, earnest money, inspection timelines, closing date, included and excluded items, as well as any other potential offer elements. Our goal is to generate the best possible deal for you, taking into account market conditions, your financing qualifications, and your specific preferences. We keep you informed throughout this critical process.

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Step 8: Offer Acceptance

Celebrating a Successful Offer Acceptance
Your offer is officially accepted once both parties are in mutual agreement on the terms and conditions. This step marks a significant transactional milestone within your purchasing journey, and it’s time to celebrate! At this point, the home goes into escrow and your earnest money is deposited at the title company. Next, we will shift gears and guide you through the necessary paperwork and formalities required to bring the offer to a successful and smooth close, ensuring a seamless transition to the next exciting chapter of your journey.

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Step 9: Home Inspection & Negotiation

Performing Due Diligence
Now that the offer has been accepted, we enter an inspection period to allow you the chance to conduct a thorough home inspection (or multiple) through licensed professionals. This ensures that there are no surprises down the road regarding the condition of the property. Most importantly your offer is contingent upon a satisfactory inspection. Once you receive your inspection report from the inspector(s), you may request for any major repairs to be repaired by licensed contractors. Both parties must come to a mutual agreement during this step regarding the repairs to be made. Often the seller complies to most, if not all, of these requests to keep the deal moving forward, or they choose to reduce the selling price to offset the costs of these repairs. If the seller doesn’t comply you may withdraw your offer. Once this process is complete (usually with agreement by both parties and applicable repairs being made), the inspection contingency can be removed. Note: It’s customary for the buyer to ask the inspector to return to the property to ensure that all repairs were completed in a satisfactory manner.

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Step 10: Finalize Lender & Loan

Setting the Sturdy Financial Foundation
With the inspection contingencies lifted, our next step is to lift the financial contingencies by finalizing your lender and loan if you are not purchasing with cash. After speaking with multiple lenders about the loan amount, interest rate, and terms you qualify for, you can select the best lender and mortgage based on their offerings of fixed-rate, variable-rate, 15-year, 30-year, and other special loan programs. It’s important to work with your preferred mortgage lender to choose which loan option works best for your unique scenario.

Next, if you are getting a loan, the bank will want to verify the property value of your mortgage by ordering an appraisal. Once the appraisal is complete, as long as it meets or succeeds the loan amount you have requested, the financial contingency will be lifted. If the appraised value falls short of the loan amount you have requested, you will either need to request another appraisal, make up the difference with cash, or renegotiate the selling price to come down to the appraised value in order to remove the financial contingency.

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Step 11: Home Reinspection & Final Walkthrough

Peek Into Your Next Chapter
With the inspection and financial contingencies removed, it is important to conduct a final home inspection to verify that your requested repairs have been made. Additionally, you will want to have one final walkthrough of the home to ensure that its condition is as expected, as well as make any needed measurements to plan for furnishings. This is your last opportunity to see the property before officially calling it your own.

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Step 12: Sign Final Paperwork & Receive Keys

One Door Closes, Another Opens
The last step of the purchasing process entails legally transferring ownership of the property. In doing so, you will either make a visit to the title company to close the transaction and sign the final paperwork, or a notary will come to you to make the process more convenient for you. The dedicated escrow officer or notary for the transaction will guide you through the final paperwork if you have any questions. Remaining details will be discussed here such as setting up utilities, trash, and other maintenance services. The escrow officer or the agent will ensure that you have all the needed keys, garage door openers and instructions for accessing parts of the property. Both parties will sign all final title paperwork. Finally, you will receive the keys, marking the beginning of your new chapter in your dream home! Note: Sometimes the seller will offer to meet with you to be sure you know how to operate sprinkler systems or other unique aspects of the property.

Congratulations! Celebrate the Close
& Live Your Dream

As soon as the final paperwork is signed, the loan has been funded and the title is recorded, you officially become the owner of your new property. Our team will extend our heartfelt congratulations on successfully closing the deal! Now is the time to celebrate and move into the exciting next step of your magical and transformative journey. Welcome home!

Dream With Us

Whether you're ready to embark on your own journey of extraordinary living, or you're just ready to consider it, connect with us to begin crafting your dream experience to turn your aspirations into reality. Click the button below to join us in making your dreams come true

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Contact Details

KRISTA COLEMAN

(208) 507-8020

[email protected]



592 N Benjamin Ln

Boise, ID 83704