Hongyu "Holly" Tang
 Broker Associate
 NJAR Circle of
 Excellence 2004-2016
 Relocation Specialist

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1. The decision to buy
  While you make decision, Think about why to buy, where to buy, when to buy and how to buy.
2. The mortgage pre-approval
  It is highly recommended that buyers be "Pre-Approved" before the home search process. It shows that you have the ability to purchase a home that you will preview. You can call 1-888-531-9114 to get a free pre-approval letter 7 days a week.
3. Preview homes for sale
  I can provide detailed information on almost any property currently listed for sale.
4. Make an offer
  When you find a home that meets your needs and are ready to make an offer. I will carefully prepare a purchase contract. You sign the contract and write a check, usually $1,000 as earnest money at this time. I will present to the owner and /or owner's representative. The owner, in turn, may accept, reject, or make a counter-offer.
5. Attorney Review
  Although not mandatory in New jersey, it is highly suggested to hire an attorney for the closing of real estate. The standard attorney review in New Jersey is three business days, but can be extended. During the three-day attorney review, either party can cancel the contract.
6. Home inspection
  In New Jersey, buyers are responsible for hiring and paying for a home inspector. The home inspection should be ordered within 10 days of the contract being signed. Such inspections often require two or three hours, and buyers should attend. Any home inspection issues should be addressed immediately after inspection results are received.
7. Second deposit, Mortgage Commitment and Attorney Orders Title Work, Survey, ETC
  Normally after 10 business days of contract signed, the balance of deposit (usually 10%) is due. The mortgage commitment letter usually is expected to receive within 30 days after applying mortgage. Your attorney will start to order the survey, and title work.
8. Walk through and closing
  You perform the walk-through inspection with me on the day of the closing.
  Closing in New Jersey is typically held at the buyer's attorney's office. The buyer receives the keys and the seller receives payment for the home. Title to the property is transferred from seller to buyer. Deeds, loan papers, and other documents are prepared, signed and filed with local property record offices.
Holly Tang
    Broker of Record
    (908) 500-1697 (Cell)
    (908) 874-5798  (O.)
    (908) 874-9975 (Fax)


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