The Virtual Homebuying Experience

During changing times, we must change the way we do things. Here’s a little insight into the changes we’re making at The Hokel Real Estate Team to stay socially responsible to our clients and our community.

The virtual home buying process:

1. Virtual Consultation - We will schedule an appointment by phone or video chat to learn what you are looking for in a home.
   

2. Online Pre-approval - Most lenders have online sites where you can get pre-approved quickly.
   
   You'll find out how much a lender will give you, at what rate, and what the terms look like. When you know how much you can borrow, you narrow down the world of possibilities, so you only shop for what you can afford.
   
   WHAT YOU’LL NEED:
   - Proof of income
   - W2s & paystubs
   - Proof of assets
   - Bank Statements
   - Drivers License
   - Social security number

3. Digital Home Search - After you tell us exactly what you are looking for and we will enter your criteria into our property search program, essentially giving you a backstage pass into our system.

   We instantly generate email reports for you on ALL properties which match your needs (including foreclosures, FSBO's, pocket listings, and off market properties.

   We search for off market properties by networking with other agents and using social media.
   

4. Virtual Property tour - Found something you really like? We will arrange a tour of the property and we walk you through the property via Facetime or Zoom call.

   If you're curious about the neighborhood we can do a virtual drive through of that as well.
   

5. Sign electronically - Once we've found the home you wish to purchase, you'll need to determine what offer you are willing to make on the home.We will provide our expertise on recently sold properties, to help you make an informed decision.

   You can digitually give us your signature on all offers, disclosures and other essential documents through Dotloop.
   

6. Earnest Money - Earnest money can be paid online. We have a very simple, straight-forward system which we have been using for awhile.

   What is earnest money? Earnest Money is a deposit to show the seller you're serious about buying their home. It's typically 1-2% of the offer price. This amount will be applied to your down payment.
   

7. Virtual inspections - After the contract is fully accepted and all terms are agreed upon, a home inspection can be performed, if the contract allows.

   You can stay home for this part. The inspector you hire, will take a thorough look at the property. The inspection will give you a far greater understanding of the property you are purchasing. They will then draft a digital report detailed with photos and descriptions.

   The inspection is intended to report on major damage or serious problems that require repair. Your home doesn't "pass or fail" an inspection. The inspector's job is to make you aware of repairs that are recommended or necessary.
   

8. Mobile closings - Depending on your lender and the closing agent it's possible to have your documents signed remotely, or they can come to you at your new home.
   

9. Home sweet home - Keys to your new home will be delivered right to you. Welcome home!

While the way we are helping clients is changing a little, our service and dedication to you is not. Contact us today to talk about whether buying right now is the right decision for you!