buying a home:

Seay Real Estate -ChadSeay Real Estate can help you buy any home you have seen in the MLS system - Even if we are not the Listing Agent!

5 Possible Buyer Pitfalls - PDF

Seay Real Estate loves to represent buyer clients and help them find the best home for them, at the lowest possible price, using the best financing available, with little to no hassle, all in the least amount of time possible. This they have done many times and have a long list of satisfied customers who agree that this was their experience!

When considering buying a home, the first thing associates of Seay Real Estate will encourage you to do, is to be pre-qualified by a local lender. The Chad Seay Team has experience and relationships with area lenders and can have one contact you for an easy, over the phone, pre-qualification. If it is determined that you don't qualify at this point, these lenders can advise you as to what steps you might take to improve your eligibility. Once pre-qualified, Chad and/or his staff will seek to gain a thorough understanding of what type of property you are looking for.

At the beginning of this process, you will sign a "Buyer Brokerage Agreement" which will outline Seay Real Estate's commitment to you, and yours to them. Then the fun begins! Information about properties that match your criteria will be emailed to you regularly and when you see one that you like, an appointment will be scheduled so that you can visit the home and better determine whether or not it is the one for you. Seay Real Estate will advise you as to the pros and cons of the property you are considering.

Once the "right one" has been identified, Chad or an associate will prepare a contract for you and will advise you as to what would be a good offer based on current market values and your individual needs. You will then give an earnest money deposit, which will be held in escrow and applied to what you owe at closing, and your offer will be presented! If not immediately accepted by the seller, Seay Real Estate will work to negotiate an offer that is acceptable to you. If this doesn't happen, they will get busy looking for another property that meets your requirements.

Mortgage - Loan Types and Information

FHA Loans: Federal Housing Administration

The Federal Housing Administration, known as "FHA", provides mortgage insurance on loans made by FHA-approved lenders throughout the United States. FHA insures mortgages on single family homes, multifamily homes, and manufactured homes. An FHA is the most widely used loan type in the United States. Each applicant is considered individually and takes into consideration the applicants income, past credit history, work history.
FHA Loan Advantages
• Low down payment
• Less cash from borrower than a conventional loan
• Less stringent loan underwriting guidelines
• Fully assumable when qualified
• No prepayment penalty

VHDA - Virginia Housing Development Authority
Veterans Administration loans
State Bond Programs
RD Programs
Fixed Rate Mortgage Conventional
ARM Programs