The Home Buying Process

This page was designed to assist you with the purchase of your new home, and is intended as informational only. Some counties may differ.   We assure you that it is our goal to provide you with the most professional and informative service available.  Remember, we are always just a phone call away!

Be sure to verify with your Realtor® the applicable procedure for your county.

UP-FRONT MONEY NEEDED:

  • Earnest Money (Deposit)
  • Additional Down Payment
  • Option Money (if applicable)
  • Inspection Fees
  • Appraisal Fee
  • Credit Report Fee (To Lender)
  • Closing Costs In Escrow
    (In addition to the Earnest Money and the purchase price of the home)

Don’t forget about these costs, they can make or break a transaction.

  • Find a Realtor® you can trust.
  • Analyze your needs in a consultation with your Realtor®, Lender, Attorney, Tax Advisor or CPA.
  • Obtain financial pre-qualification and pre-approval.  You should be “approved” before beginning your search!
  • Select Properties.
  • View Properties.
  • Write an offer to purchase.
  • Be sure to have earnest deposit money.
  • After offer is accepted, earnest deposit money goes to escrow.
  • Negotiation and/or counter offer.
  • Acceptance of offer, counter offer or rejection.
  • Do all inspections (Strongly advise).   Have all inspections and repairs
    done within the time period specified in the purchase agreement.
  • Remove contingencies.
  • Complete the Mortgage Application*.
  • Credit Report.
  • Appraisal (usually ordered by your lender).
  • All verifications of funds, work completed, including all inspections.
  • Secure underwriting.
  • All Conditions met.
  • Obtain your written loan approval*. 
  • Title & Escrow.
  • Preliminary Report.
  • Prop ID (Natural Hazard Disclosures).
  • All Documentation in to Lender and Title.
  • All Documentation, Disclosures, Repairs, Reports (including inspections), appraisal, etc. to your Realtor®.
  • Funding and Recording takes place (through Escrow/Title Co.).
  • Close on the Property.  Escrow will notify your Realtor® when the property is recorded and your Realtor® will notify you.
  • Arrangement to deliver keys and possession of your home with your Realtor®.
  • Take possession of your new home!

 

 

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