Buyers Information

Buying a home is one of the major purchase decisions of your life. It's important to be an informed buyer and the following information will help you better understand the buying process.
 
You can also sign up to receive email updates of all the new listings that meet your search criteria. 
 
Please let us know if you are interested in previewing any of the homes you see on our website. We can be reached at (901) 345-5555.
 
Step 1: Figuring Out What You Can Afford
 
First you need to see what you can afford. You can start by getting pre-approved for a mortgage. This process can often be performed in under an hour, by phone, 7 days a week and it accomplishes many important goals. It will tell you how much house you can afford, what your monthly payments will be, gives you more negotiating power and most important, it tells the seller that you can afford to buy their home! Ask your agent for more information regarding pre-approvals.
 
Step 2: Defining What You Want
 
What are the most important features you want in your next home? What part of the city do you want to live in? Make a list and use it as your search guide. The Peyton Company Realtors agents are trained to help their clients narrow down their choices by sharing market trends and local information.
 
Step 3: Shopping For Homes
 
Now it's time to start checking out some actual properties. You can view virtually every property in the Memphis area on this web site. It's one way The Peyton Company Realtors makes home shopping easier for you. We will even notify you by email when properties come on the market that meet your search criteria. Next, ask your Peyton Company agent to schedule an appointment so you can visit the homes in person.
 
Step 4: Making An Offer
 
Once you find the home you want, you and your agent will complete a purchase agreement for the house. Typically this is a very easy and moves quickly since most sellers are ready to move. If you have any personal interaction with the homeowner, don't give out any information about your move, your current housing status, financial status or your feelings about their property. Your information is confidential. When writing your purchase agreement you will have the opportunity to consider a home protection plan and have a licensed home inspector examine the property. Your Peyton agent will guide your through the sale process.
 
Step 5: The Final Closing
 
In most cases you will also have the option of a "walk through" within 3 days of the closing. This is your chance to make sure that all of the items that you and the seller have agreed upon meet your satisfaction. Before you arrive at the closing, make sure all the necessary paper work and deposits have been completed. The final mortgage approval, title work, and homeowners insurance are required by the time of closing. Once you close, it's official - you own the house!
 
Buying Questions? Call our Customer Service at (901) 345-5555. We are here to help you.

The Peyton Company / T 901-345-5555 / F 901-345-1725 

© 2017 by The Peyton Company 

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