Budget and view properties
- Review Buying Process, determine property wants needs and desires
- Select Mortgage Lender, determine Budget and obtain Pre-approval letter
- Preview Properties
Negotiation: from offer to contract
- Select Property to make an offer
- Review contingencies: Financing, Appraisal, HOA or Condo Docs, Inspections, etc, and select Title Company
- Finalize offer, sign and provide escrow check, then agent sends to listing agent
- Seller either accepts, rejects or counters and negotiations ensue until all agreed
- Sellers/Buyers accept, sign and initial any/all changes and contract is ratified/binding
Between contract & closing
- Loan application made & home insurance procured
- Inspections done
- Negotiate repairs
- Order Appraisal
- Title company sends out instructions and orders property abstract
- Obtain appraisal & negotiate if below contract price
- Order pest inspection
- Title Insurance commitment
- Title Examination sent to lender for approval and sends closing fees
- Lender finalizes loan file approval
- Lender prepares and sends closing disclosure to buyer
- Lender sends loan documents and wires funds to Title company
- Contact utility companies & conduct final walk-thru
Closing
- Settlement Day where seller and buyer sign all required documents, and buyer receives keys
- Title company has property recorded at County Courthouse and disburses funds
- Buyer is now property owner
- Time to move in and Celebrate!