Start the buying process here
We’ll begin by identifying your housing needs.
Your agent will qualify you by asking questions to determine your ability to pay and your likelyhood to pay.
We use creative methods to find off-market properties.
We’ll work on your behalf to get you the best deal possible.
Our team will handle the contract to close deadlines.
Pre-Approval: Some of our savvy clients have a solid understanding of what they can afford when we first meet. Generally speaking, landlords are looking for tenants who earn more than 3x the monthly rent. For example, if the rent is $2,000/month, than your gross income should be at least $6,000/month. Your credit score should be at 620 or up. In addition, you should have references from your current or former landlord or property manager.
We highly recommend our clients have the requisite documentation and finances in order prior to beginning home search.
Typically, you should have the following items readily available:
Every landlord and property manager sets their own requirements. We will do everything we can to simplify the process. Usually, the landlord will ask for an Earnest Money Deposit along with the application and requisite application fee. This is not to be confused with the security deposit. The EMD will be applied to first month’s rent after the application is approved, and the terms are agreed upon, and all parties have recieved a copy of the fully executed lease agreement.Home Search: The typical consumer has already started on this step, well before meeting with a real estate agent or property manager. We can offer a few different tips to maximize the potential for you to find the home you’re looking for and new apps to make it easier to share properties with your spouse or family, and your agent. Application: Once we’ve found the perfect property, it’s time to start the negotiations. This is really where our skills will shine through and you’ll feel the difference the 703 Real Estate team has to offer. If we’ve done a good job of preparing you, then this will likely be the easiest part for you. We’ll work together to come up with a game plan to see you through any number of challenges. Tenant pays application fee which can vary from $35 to $75 per adult occupant. The EMD is also submitted with the application. Lease: When the application is approved, we’ll move into the next phase of the process. This is when our administrative team will take over to coordinate the lease signing between all of the different parties involved.
Lease to Move-in Process
Upon receipt of an fully executed lease, we’ll begin preparing for your move-in.Financial Obligations
Ensure Earnest Money Deposit is cashed and applied to first month’s rent
Tenant pays any Security Deposit required prior to occupancy
Landlord completes any necessary repairs, and readies the propert for occupancy Regulations
Homeowner’s or Condominium Association documents are provided for tenant to review, including rules and bylaws
Landlord should provide tenant with authorization to set-up utility accounts
Plan to inspect the home within 5 days of moving-in
Document and inform landlord and/or property manager of any issues or defects found
Landlord: Schedule contractors for repair estimates Final Review
Re-inspect property after home inspection repairs
Make arrangements to pay rent, report future repair issues, etc. Settle In
Consider yourself at home!