Buying a home seems complicated, but we can help you through every step of the process. We are a team of 11 agents who pride ourselves on phenomenal customer service. We have helped 800+ buyers purchase their homes in the Austin area since 2012. We know the market incredibly well and we think you’ll love our no pressure approach.
It’s not required to have a pre-approval letter before looking at homes, but it’s a good practice. You will need a pre-approval letter in order to make an offer & it takes 10-15 minutes to fill out the application, followed by a few emails to provide supporting documents.
Everyone searches at their own pace, so it’s difficult to know exactly how long it will take for you to find your new home. You want to move forward on a property when you’re comfortable that you understand the market. This can take a weekend or a few months. Most people search for 1-3 months before making an offer. We love helping people find the perfect home and you can read our 5 Tips for a Great Home Search here.
When it’s time to make an offer, we will send a Comparative Market Analysis (CMA) to you, which helps us understand if the property is priced correctly and what to offer. Depending on how much we need to negotiate the purchase, it usually takes 1-3 days to put a property under contract.
Once you’re under contract, it will take 30-45 days to close. A complete list of steps can be found here, but the most important steps are:
The date that all parties agree and sign the contract is the executed date. You will have 3 days to deposit your earnest money to title (usually 1% of the purchase price) and your option fee directly to the seller. (The option fee varies based on the situation, but is generally 0.1% of the purchase price).
Option Period (5-10 Days):
You will have a 5-10 day option period, during which you will have your property inspected (inspections are usually ~$500). It’s normal for your inspector to find some deficiencies in the property and we will usually negotiate repairs during this time. If there are too many repairs necessary to move forward, you can cancel the contract and you’ll get your earnest money back (though the seller keeps the option fee).
Appraisal (2-3 Weeks):
As soon as you’re through the option period, you will instruct your lender to order the appraisal, which is ~$500 and can be paid at closing. We’ll get the results of the appraisal roughly 2 weeks after it’s ordered. The appraisal verifies to the lender that the property is worth what you’re paying. If the property doesn’t meet that value, you can walk away from the contract and get your earnest money back.
Underwriting (3-4 Weeks):
Your lender's underwriter will review all loan documents, which usually takes 3-4 weeks. The underwriting process starts before the appraisal is in, but can’t be completed until the appraisal is received. During the underwriting process, it’s normal for your lender to ask you for additional documents. (This doesn’t mean the loan is in jeopardy in any way.)
Homeowner's Insurance & Utilities (5-10 Days Before Closing):
You’ll want to have your insurance in place & the utilities scheduled to be turned on for the day of closing.
Review Settlement Statement (2-3 Days Before Closing):
Your lender will provide you with a required disclosure 3 days before closing & the title company will provide you the settlement statement 2-3 days before closing. This is arguably the most important closing document because it tells you how much money you need to bring & an itemization of what you’re paying for. If you would like to see any other closing documents prior to closing, you can request them.
Closing Day (30-45 Days After Contract):
This is the most exciting day of the process! Make sure you’ve wired in your proceeds prior to closing and bring a government issued ID with you. If you can’t be in town for closing, we can arrange a remote closing where a mobile notary will come to you.
It’s natural for you to have questions about the home & homeownership after closing. We’re always available to answer questions and to provide you with referrals to any vendors you may need. Our relationship doesn't end at closing and we’re always happy to help in any way we can!
I have to admit that when I first reached out through Yelp to set up a meeting with Eric I was a little skeptical. I was reading reviews of his service like you are right now, and as Eric knows well from our time working together, I'm a person who likes to research and organize just about everything. The fact that I couldn't find even a couple of negative reviews among the hundreds of reviews Eric has across Zillow and Yelp seemed to me to be too good to be true. Fast forward six weeks and one successful closing later, I'm very pleased to report that the service I got was exactly the service I read about if not better. Eric and Bailey Bowden who's Eric's right hand couldn't have been better to work with. This was my first time buying a home, so I had a lot of probably very stupid questions. Despite this, they cheerfully and promptly answered them...
Meredith Alderson is AMAZING! We have worked with many realtors, and Meredith is one of the best. She was very respectful of our budget and what we were looking for in a house. She quickly figured out the key items we wanted and helped us narrow down our search. We were relocating from Arizona and had our two young children with us - she was great at being attentive to their needs and also letting them join in with their opinion. She made house hunting (and buying) a fun experience - with minimal stress! You cannot go wrong with Meredith as your realtor!
Eric Bramlett is an incredible realtor. When my wife and I were looking for a realtor to help us relocate from California to Austin, Texas, we were impressed by the quantity and quality of the online reviews for Eric... and let me tell you, they were not incorrect. Eric is very knowledgeable of the entire Austin area, but he was also very accommodating of our timeline and our need to work feverishly to find a home quickly (as it's not easy to go back and forth from CA to Austin multiple homes).
I cannot say enough fantastic things about working with Tara McGuire at Bramlett Residential. When I reached out to Bramlett via the online contact tool, I had already spoken with several realtors in the Austin area. My inquiries were met with lackluster responses, likely because my husband and I didn't plan to purchase for several months. But when I contacted Bramlett Residential at 10pm on a weeknight, Tara called me first thing the next morning. She encouraged us to visit Austin soon, since we are relocating from Dallas, to get an idea of the neighborhoods and market. During this exploratory trip, we felt no pressure to buy ahead of our schedule. She gave us a great overview of central Austin neighborhoods and helped us narrow down the best areas for us.
Call us at (512) 496-3143 or Fill out the short form below
When you're ready to get started, please fill out the short form below & we'll contact you asap. We'd love to have a short phone or email conversation and will then set up a property portal & begin your search.