Buying a Home in the Hamptons

1. Be Clear with your Real Estate Partner on your Needs and Wants

It is important that our clients understand this is a partnership. To set ourselves up for success, we always recommend that you be open, honest, and transparent. In return, we will do the same. It is best to be aligned about what you’re looking for when buying a home in the Hamptons, in order to optimize your search.

2. Get Pre-Qualified 

Before beginning your search, your first step is to get pre-approved for a mortgage loan (unless you are paying cash for the full price of your home, be prepared to show proof of funds). 

5. Retain a Lawyer 

It is best to work with an attorney who specializes in Hamptons property sales. Your attorney's job is vital to protecting your interests, and they have an incredible amount of paperwork to review on your behalf. Therefore, you want to select an attorney who is familiar with these transactions. Our team can provide you with a recommended list of well-regarded attorneys.

6. Obtain a Home Inspection 

A qualified home inspector can determine the overall condition of a structure including exterior and interior materials quality, appliance performance, and level to which mechanical systems are functioning. Where applicable, inspectors will also perform a pest inspection and water test. If a buried oil tank is present, a soil test may be advisable.

9. Schedule an Updated Survey

A qualified, local land surveyor will provide you with an accurate depiction of the property’s boundaries including all structures, hardscaping, clearing calculations, and lot size for our team and your attorney to review with you. Please allow 2-5 weeks for your survey to be completed. Your attorney typically schedules an updated survey.

10. Bank Closing Documents Clear You to Close* 

11. Closing 

When buying a home in the Hamptons, you will have a final walk-through with your agent. Sign the closing documents and transfer the balance of money owed.