Buy
Buying a home is a significant financial and emotional decision. Navigating the Capital Region real estate market can be overwhelming. At Monticello, we carefully listen to your concerns, wants, and needs to simplify the process and ensure success. We pay particular attention to the current market conditions and provide you with the most recent and relevant information.
But don’t take our word for it, listen to what our clients have to say. These are all clients who Monticello worked with to purchase a new home, some were first time homebuyers other were buying their second home and selling their existing home. See how the Monticello homebuying experience is so different.
The process involves the pre-contract and contract phases. The contract is formed once your purchase offer is accepted. Below is the full buyer’s guide, and you can search for homes on our newest website featuring all of the latest homes for sale in the Capital Region.
Pre-Contract Phase
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- Pre-Approval – Monticello will assist you in connecting with a banker to secure pre-approval for a mortgage, if you have not already been approved. Before you work on your wish list, you must determine what you can afford and how much the bank will allow you to mortgage. Learn more about why pre-approval matter.
- Wish List – Monticello will help your dreams come true, but we also promise to be realistic and honest. Determining what you want in your home, will help us narrow down the search.
- The Search – Next you establish your price range, criteria, and the neighborhoods and regions you want to search, and Monticello will schedule the showings and bring you to the properties. Monticello has a new website – www.FineAlbanyHomes.com – that links directly into the Capital Region MLS so you can get the latest listings and most accurate information. As you know, the other websites (trulia, zillow, etc.) don’t always have the most up-to-date information.
- Offer – Once you find your home, Monticello will conduct a comparative market analysis, advise you on the current market value, and draft and deliver your offer.
Contract Phase
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- Attorney Approval – After your offer is accepted, a legally binding contract is formed for the purchase of your home. The first step is to hire an attorney to review the contract. Monticello will place you with one of our carefully selected closing attorneys, if you do not already have a preferred attorney.
- Apply for Mortgage – During the contract phase your relationship with your banker is important, that is why Monticello relies on carefully selected mortgage professionals. Monticello will work with you and your banker to ensure you submit the strongest mortgage application.
- Conduct Home Inspection – Within two weeks of your contract you will also want to hire a licensed professional home inspector to evaluate the structural integrity of your home, and determine whether you need to conduct any additional tests such as radon or termite tests. Monticello also has recommended inspectors to simplify for your search.
- Closing – Finally, when the closing arrives it should just be a matter of several signatures and exchanging checks before you take the keys to your new home. Monticello will conduct a walk through of the property just prior to closing to inspect the property and your attorney will provide all of the legal assistance to execute the purchase contract and title transfer.
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Here's what our clients say:
"We have bought two houses with Alex, one in 2014 and our last move in August of 2021, and sold one house. We cannot say enough great things about working with Alex. He is highly professional, quick to respond to all communication, keenly understands the market and gives great guidance through out the buying/selling process. Buying and selling in the current market is stressful, but we knew that Alex would go the extra mile to make sure we got a great price for our house. On the house we bought, Alex helped us put together a very strong offer that was accepted amongst multiple bids. In this housing market, you need someone like Alex who lives and breathes real estate. Highly recommend!"
- Alicia
Albany, NY
"As a first-time home buyer I had done some research beforehand but was really grateful for Dennilu. With a limited budget, living out of town and a hot market; she virtually toured many properties before finding the right one for my needs. The process went smoothly and she was an absolute pleasure to work with. She was very knowledgeable and helped me to consider things I hadn’t thought of. I’ll definitely reach out to Dennilu in the future and I recommend her to all my friends and family!"
- Mohammed
Schenectady, NY
"Sharon is awesome! She made buying a house easy and painless. She was very accommodating, and worked with us by doing video walk-throughs and last-minute viewings. She helped us negotiate a good deal for our house, was able to refer us to an excellent lawyer and a lender who gave us a great deal. We will definitely use her again in the future if needed, and would recommend her to family and friends."
- Jamie
Niskayuna, NY
"To say that having Elizabeth on our side was make or break for our home search would be an understatement and we are deeply glad to have worked with her in buying our first house. She was consistently available to talk to at every step of the way, considerate of all our needs, very knowledgeable about the process, and above all honest with us about the pros and cons of each property we looked at. It was a rough journey at times, going through three separate accepted offers and home inspections, but it was invaluable to have someone who made sure we were aware of the risks of any property we were thinking of committing to and kept us motivated to keep looking when it would've been easier to just let us settle for less. Having someone to handle pushy sellers on your behalf is also a massive bonus. We ended up settled somewhere that fits our needs perfectly at under the seller's asking price, so all in all we are very content and grateful to Elizabeth for all her help over the months leading up to now. Would 100% recommend."
- Shawn
Troy, NY
"Karen was such an amazing help throughout my first home buying experience. Karen is very knowledgeable and was able to provide tremendous support and insight during every step of the process. She always went above and beyond with the services that she provided. I would highly recommend Karen to anyone looking to purchase a home!"
- Amanda
Ballston Spa, NY
"Nirisa was extremely helpful and knowledgeable. She was able to find us a home within a few months and then did her best to negotiate with some truly difficult sellers. It was a great experience and it was nice working with Nirisa, who is both professional and easy to talk to. We would definitely recommend Nirisa for any buying or selling needs you have. She’s also very good at finding various services necessary when buying a home, such as inspectors or other specialists."
- Marci
Troy, NY
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