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Real Estate Agent Guiding First-Time Homebuyer to Closing
A buyer and agent go from listing tours to closing — comps, home inspection and title company walkthrough. Edit this Telegram chat and download free.
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Monday 10:30
Hi! I found you through Zillow. My wife and I are first-time buyers looking in the Austin area. Are you taking new clients?23:55
Hi! Absolutely, I'd love to help. Have you been pre-approved for a mortgage yet?23:55

Yes, we got our pre-approval letter from Wells Fargo last week. Up to $420K23:55
Perfect, that gives us a clear budget. Tell me what you're looking for — neighborhoods, size, any must-haves?23:55

At least 3 bed 2 bath, a yard for our dog, and under 30 min commute to downtown. I work near the Capitol23:55
Good parameters. What about schools?23:55

No kids yet but planning in a few years, so we'd like to be in a decent district23:55
Smart to think ahead. Let me pull some listings that match. I'll send a few options this afternoon23:55

Sounds great, thanks!23:55
Monday 14:15
Here are three that fit. First: 3 bed 2 bath in Brentwood, $389K, 20 min commute, highly rated elementary school23:55

Second: 4 bed 2.5 bath in Crestview, $405K, 15 min commute, corner lot with mature trees23:55

Third: 3 bed 2 bath in Allandale, $395K, 25 min commute, big backyard, established neighborhood23:55

The Crestview one looks nice but $405K is pushing our comfort zone. The Allandale one has a great yard though23:55
Allandale is quiet and family-friendly. Big lots, mature trees, solid schools. Very popular with young families23:55

Can we see the Allandale and Brentwood ones this weekend?23:55
Absolutely. Saturday at 10 AM and 11:15 AM work?23:55

Perfect23:55
One thing — please send me a copy of your pre-approval letter. Sellers like to see it with the offer23:55

Will do. Any tips for the showing?23:55
Focus on the layout and how the space feels. Don't stress about paint colors or cosmetic stuff — those are easy fixes. Pay attention to natural light, storage, and any obvious maintenance issues23:55

Got it. See you Saturday!23:55
Saturday 12:00
We really loved the Allandale house! The backyard is perfect. But $395K is already at the top of what we're comfortable with23:55
I could tell you guys connected with it. Before we talk numbers, let me pull the comps to see what similar homes in that area have actually sold for23:55

Comps?23:55
Comparable sales — recent sales of similar homes nearby. It tells us what the market actually supports, not just what the seller hopes to get23:55

Saturday 16:30
Here's what I found. Three comparable sales within half a mile in the last 90 days23:55

Similar 3/2 homes sold for $378K, $385K and $391K. The $391K one had a fully remodeled kitchen23:55

So $395K might be on the high side?23:55
It's at the top of the range. The home is well-maintained but hasn't been updated since 2010. I think we have room to negotiate23:55

What should we offer?23:55
I'd start at $382K. It shows you're serious but leaves room for the seller to counter. We can go up to $390K if needed23:55

What if they say no?23:55
Then we walk. There's always another house. You never want to overpay and end up house-poor23:55

OK $382K. What else goes into the offer?23:55
I'll handle the paperwork. We'll include your pre-approval letter, earnest money proof, and I can write a brief personal letter to the seller about why you love the home. Sometimes it helps23:55

My wife would love writing that. Let's do it23:55
Wednesday 09:00
Good news — the seller countered at $388K23:55

Only $6K above our offer. Not bad23:55
They came down $7K from asking. I think one more counter closes the deal. Want to go $386K?23:55

Yeah let's do it23:55
Wednesday 15:00
We have a deal! Seller accepted $386K23:55

That's amazing! What happens now?23:55
Now we enter the closing process. First thing: earnest money deposit. Usually about 1% of the purchase price23:55

So around $3,860?23:55
Exactly. It goes into escrow as a good faith deposit and gets applied toward your closing costs at the end23:55

What else should we budget for?23:55
Closing costs typically run 2-5% of the purchase price. On $386K, that's roughly $8K to $19K23:55

That's a huge range23:55
It includes a bunch of line items — appraisal fee, home inspection, title insurance, escrow fees, recording fees, and prepaid items like property taxes and homeowners insurance23:55

I'd budget $12-15K to be safe. Your lender will send a Loan Estimate within 3 business days that breaks it all down23:55

That's more than I expected honestly23:55
It catches most first-time buyers off guard. Good news: I included a seller credit of up to $5K toward closing costs in our offer, so your actual out-of-pocket is closer to $7-10K23:55

Oh nice, I didn't realize you'd already done that23:55
Always worth asking. Worst they can say is no. Next step is the home inspection — I've scheduled it for next Friday23:55

Should we be there?23:55
Absolutely. Plan for about 2-3 hours. The inspector will walk you through everything23:55

15 March 14:00
Got the inspection report back. Mostly good news — electrical, plumbing and foundation all check out. HVAC is about 8 years old, so you've got some life left23:55

But?23:55
The roof. Inspector estimates it's near the end of its useful life. Probably needs replacing in 2-3 years23:55

How much are we talking?23:55
For a home that size, $12-15K for a full replacement23:55

That's a big expense right after buying a house23:55
It is. But here's the thing — the seller didn't disclose this, and the inspection gives us leverage. I recommend we ask for a credit toward the roof23:55

How much?23:55
I'll ask for $8K. They might counter lower but even $5K would help23:55

18 March 11:00
Seller agreed to $6K credit toward roof replacement, applied at closing23:55

Not bad! So that reduces our closing costs by another $6K?23:55
Yes. Combined with the $5K closing cost credit we already negotiated, that's $11K total from the seller. You're in good shape23:55

What's the timeline from here?23:55
Appraisal is next week. Assuming it comes back at or above $386K, we close at the title company about two weeks after that23:55

What exactly does the title company do?23:55
They verify the title is clean — no liens, disputes or claims — manage the escrow funds, facilitate the signing, and record the deed with the county. Basically they make sure you actually own what you're paying for23:55

You'll sign a lot of paperwork but it's mostly standard. I'll be there the whole time23:55

When do we get the keys?23:55
Same day, once everything is signed and funded. Usually by end of day23:55

I can't believe this is happening. Thanks for guiding us through all of this23:55
That's what I'm here for! I'll send the closing disclosure a few days before so you can review it. And hey — congrats. You're about to be homeowners23:55

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