The Home Buying Process

Today’s Realty has been helping buyers on Guam since 1997. Our real estate agents are seasoned professionals trained in providing exceptional service to all our buyer clients. You will appreciate their negotiation skills and knowledge of the various financing options in our marketplace. Let’s get started on your property search, today!

Choosing an agent

Today’s Realty has a team of experienced sales agents, each with their own special skill set and personality type. It is important to choose an agent that you feel comfortable with and can communicate effectively with.

Identifying your requirements

Our sales agents can provide you with information and insights on current Guam real estate market data that will help you select properties that meet your requirements. Be honest with your agent about your needs and expectations.

Qualifying for financing

Your real estate agent will recommend an initial meeting with a lender to provide you with a pre-qualification or a pre-approval for a mortgage loan. Loan funds are an important part of the purchase process. The lender will provide you with a report that will indicate loan funds to be provided by the lender, personal funds required from you covering the balance of the purchase price as well as additional funds that will be needed for closing costs. It’s important to review this report with your real estate agent.

Searching for properties

Once you have a clear understanding of your target price, it’s time to search for your property. There are many tools at your disposal. Most buyers begin their search online. Many also drive by neighborhoods and look for “FOR SALE” signs. Still others view real estate magazines and other periodicals. Many buyers employ some or all of these methods. Your real estate agent will help you with this process.

Touring Properties

Your real estate agent will make arrangements with you to tour the properties that you have identified for possible purchase. While on tour ask questions, make notes, take pictures. Narrow your search to two or three candidates that meet most of your needs. Visit these properties at different times of the day and night and on the weekend to help you understand neighborhood conditions and drive times.

Signing a Purchase Offer

Once you and your real estate agent have identified a property, discussed all of the conditions associated with the purchase, and determined a price then you will sign a purchase offer to be presented to the Seller for consideration. As you consider price and offer conditions, you might want to keep in mind that there may be other buyers interested in the property that you are looking to purchase.

Negotiations

Once your offer has been presented, the Seller may elect to accept your offer as presented, Counter conditions in your offer that may not be agreeable, reject your offer or simply let your offer expire. When we receive a Counter Offer we will discuss the pros and cons of the Counter Offer with you and strategize with you about how to move forward with the negotiations. The ultimate goal is an executed purchase agreement.

Conditions

Contracts are often contingent upon financing, home inspections and/or appraisals. We will co-ordinate all of these efforts to make the process as seamless as possible.

Closing

Once all of the conditions of the contract have been satisfied and clear title has been proven the transaction can close and you will receive your property deed and closing documentation.

Contact us today to find out how we can be of assistance to you!