Buying Property

You’ve come to the right place.

We are one of the largest independent real estate agencies in the Michigan Thumb area with a growing inventory of listings from throughout the area.

Whether you’re looking for your first home, to downscale, upgrade, invest, build or even locate that dream waterfront home, we can help.

The questions surrounding a house purchase can feel endless, but you can find the answers - and peace of mind - by working with Team Sunrise, the local leader in experience, service, integrity and good old fashioned hard work.

1) Where Do I Start?

Choosing a Realtor, a very important first step. Our Realtor professionals personally guide you through every step of the buying process and will look to protect and advise you along the way.

2) Get Pre Approved

It’s best to choose a local lender and get pre-approved before you begin the search. Your lender will review the costs and loan products that best fit your individual situation. This allows you to move smoothly when you find the right home and indicates to the seller you are a serious buyer.

3) Begin Your
Home Search

Create a realistic idea of the property you’d like to buy. Make 2 lists: one of essential items and one of desired features you would enjoy. Share your wish list with us, so we may show you homes that meet your expectations.

View Local Listings

4) Making a Choice

Once you’ve pinpointed your dream home, crafting a solid offer is the next important step. Your Realtor will be sure to review many issues with you- timing, possession, what’s included (do appliances stay?), etc. It’s about a lot more than price! Skillful negotiating can make all the difference and your Team Sunrise sales professional will give you a strong advantage.

6) Home Inspection

After your offer is accepted, set up a home inspection. It's common to find minor concerns. Your Realtor can help find a reputable inspector and will negotiate to get you the most for your money once the inspector's report is final.

Title Insurance

Your lender will have ordered title insurance to verify that you receive clear ownership to the property at closing. Title insurance will also list any easements or restrictions that transfer with the property and ensure all outstanding liens are discharged.

5) Good Faith Deposit

Sellers will expect you to deposit “earnest money” with your offer. This assures the seller that you are negotiating in good faith. These funds will be credited to you at closing, as part of your down payment.

7) Expected Contingencies

Home Inspection

A home inspection is also a recommended contingency. If you are not satisfied with the homes condition, you may terminate the contract.

Appraised Value

An appraisal is a standard part of the mortgage process, showing value equal to or greater that the purchase price.

Mortgage Approval

Mortgage approval is a standard contingency on many offers and most lenders are asking for 45 days from application to closing.

Be sure to pay attention to time frames for all contingencies!

8) Mortgage Application Requirements

·Copy of sales contract
Driver’s license
·Copies of w-2’s for past 2 years
Copies of checking and savings account statements for the past 3 months
Copies of quarterly or semiannual IRA, CD, 401k, etc. statements
Employment history for past 2 years
Check for appraisal and credit report
Copies of past 2 years tax returns
Local lenders make the process easier for you! Be sure to compare closing costs, as well as interest rates.

10) Closing Day

Be sure to bring your driver’s license and any funds required. Some moving basics include: Transferring gas, electric, water and cable services, along with notifying the local post office of your new address.

9) Home Owners Insurance

Your lender will require a one year paid policy of insurance at closing for your new home, which will name your lender as a co-insured. Shop around and be sure your coverage is for at least the mortgage amount.