Key Steps TO BUYING A HOME
STEP 1.
GET PRE-APPROVED
Work with a lender to fill out a loan application to get pre-approved. The lender will determine how much you can afford & what your down payment will look like. Please let me know if you would like a recommendation for a preferred lender.
GET PRE-APPROVED
Work with a lender to fill out a loan application to get pre-approved. The lender will determine how much you can afford & what your down payment will look like. Please let me know if you would like a recommendation for a preferred lender.
STEP 3.
MAKE AN OFFER
Once you find the right property for your needs, we will discuss and structure a fair and competitive offer to present to the seller. If the seller responds with a counter offer, we can discuss further and continue the negotiation process.
MAKE AN OFFER
Once you find the right property for your needs, we will discuss and structure a fair and competitive offer to present to the seller. If the seller responds with a counter offer, we can discuss further and continue the negotiation process.
STEP 4.
EXECUTE A CONTRACT & DEPOSIT ESCROW
If the seller accepts your offer, you will execute a purchase contract and make an escrow or "good faith" deposit.
EXECUTE A CONTRACT & DEPOSIT ESCROW
If the seller accepts your offer, you will execute a purchase contract and make an escrow or "good faith" deposit.
STEP 5.
INSPECTION
After the contract is executed, you will want to schedule your inspection as soon as possible. An inspection helps you identify possible hazards, necessary repairs, or hidden structural issues within the residence. Please let me know if you would like recommendations for reputable inspectors.
INSPECTION
After the contract is executed, you will want to schedule your inspection as soon as possible. An inspection helps you identify possible hazards, necessary repairs, or hidden structural issues within the residence. Please let me know if you would like recommendations for reputable inspectors.
STEP 6.
APPRAISAL
An appraisal is a professional fair market valuation of a property. Lenders require appraisals to confirm that they are lending the correct amount. Should the appraisal come in low, you may need to reevaluate and potentially renegotiate your offer.
APPRAISAL
An appraisal is a professional fair market valuation of a property. Lenders require appraisals to confirm that they are lending the correct amount. Should the appraisal come in low, you may need to reevaluate and potentially renegotiate your offer.
STEP 7.
TITLE WORK CONTINUES
Your title agent will be working diligently to ensure a clean transfer of title at closing.
TITLE WORK CONTINUES
Your title agent will be working diligently to ensure a clean transfer of title at closing.
STEP 8.
CLEAR TO CLOSE FROM YOUR LENDER
The lender's underwriter will issue the final loan approval, also know as the "clear to close."
CLEAR TO CLOSE FROM YOUR LENDER
The lender's underwriter will issue the final loan approval, also know as the "clear to close."
STEP 10.
CLOSING
Time to sign your closing papers!
CLOSING
Time to sign your closing papers!