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Understanding the Home Buying Process

Buying real estate in Washington DC can be complicated.  Quality, well-priced listings don't last long. 

At M Squared, we use technology you won't find elsewhere to ensure you get notified of listings even before most brokers do.  It's our technology combined with our knowledgeable, experienced consultants that ensure buying your dream home remains a fun, worry-free process.

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Step 1
Finding the Right Agent

You've found the right company, so you're already a step ahead.  We want to match you with a consultant that's best suited to your needs.  Our consultants live, work and play in Washington, DC.  They are neighborhood experts and don't simply commute here to sell real estate.

We want to match you with a consultant who will help you not just find property, but understand your chosen neighborhood and all of its offerings.  

Browse our directory of consultants by clicking here.


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Step 2
Mortgages & Financing

Many property owners won't allow showings for prospective buyers who haven't been pre-qualified.  Getting pre-qualified is fast.  Your M Squared consultant will assist you with finding a lender that is best suited for your needs.  With your pre-qualification in hand, you're ready to start looking at property.

Getting pre-qualified is very quick and will only take about ten minutes of your time.

Get pre-qualified for your mortgage quickly, by clicking here.


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Step 3
Finding a Property

You're in luck.  M Squared gives you more ways to search property than any other DC real estate brokerage.  Using your property criteria, your M Squared consultant will configure automatic new listing updates by email.  Our systems will search the entire MLS and instantly notify you of new listings matching your criteria.  Best of all, you can create additional queries and save properties of interest using our website.

Our online search interface, allows you to search property by Neighborhood, Zip Code, or Interactive Map.  Real estate listings are also disseminated via our RSS feed directory.

When on the go we invite you to use the M Squared Mobile Application to allow for instant GPS searches of nearby property.  Our application is compatible on all mobile devices, including iPhone, Android & BlackBerry.

We want to make the process of buying your home as stress free as possible.  Using our technology, you will never miss an opportunity to find your dream home.

Create your account today to get the most out of your search. Click Here


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Step 4
Making an Offer

Your M Squared consultant will guide you through making an aggressive offer.  He/she will evaluate items like cost, condition, title policy, and other aspects of the property when submitting a proposal.  Your consultant will prepare an agreement to purchase the home and submit it to the seller's agent for review.

The seller's agent will then prepare an estimate of settlement costs for their seller and submit the offer along with the estimated charges and profits that a seller will receive. This estimate will often be the determining factor on whether or not the seller accepts the offer on the property as is, or if they would like to counter.


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Step 5
Negotiating

Expect to receive a counter offer on the property. With an aggressively placed offer, the seller will often counter back at their best price as well as the best deal on the property in question. Once you have reviewed this with your M Squared consultant, you can begin the next phase of the purchase which is acceptance of the counter offer. 

Once acceptance of the offer is received, the contract will be taken to the pre-selected title company to open up escrow on the property. This begins the transfer of ownership from the seller to the buyer. The contract is also presented to the lender for the buyer to begin the final work up of the loan and make necessary closing preparations.


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Step 6
The Home Inspection

A home inspector's report will review the condition of the home's heating system, central air conditioning system (temperature permitting), interior plumbing and electrical systems; the roof, attic, and visible insulation; walls, ceilings, floors, windows and doors; the foundation, basement, and visible structure. Many inspectors will also offer additional services not included in a typical home inspection, such as mold, radon testing, water testing, thermal imagery and heat/air loss inspections typically known as energy audits without the diagnostics.

Your M Squared consultant will assist you in remedying any issues or problems identified during the home inspection.



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Step 7
Settlement / Closing

The title company will act as a disinterested third party to the transaction and will prepare all of the deed and finalized loan documentation for the buyers and sellers of the property. Once all documents have been received by the title company, the buyer and seller are issued a "clear to close" on the property and can schedule a closing appointment.

Closing appointments will take between one to three hours depending on details of the transaction. Once the closing is completed, the lender will wire the funds to the title company to complete the purchase, and the title company will disburse the amounts accordingly to the seller and to the new owner of the property or her lender. At this point, the home has now transferred ownership from seller to buyer and the buyer will receive their keys, and the transaction is considered closed



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Step 8
Moving In

Congratulations!  Now it's time for the big move.  Your M Squared consultant will assist you with picking your moving company and making sure your utilities are connected when you arrive, for a stress free move-in.