1. Find an Experienced Local Realtor
2. Consult With a Lender
- Discuss Budget
- Obtain a Preapproval Letter
3. Discuss Needs/Wants With Realtor
4. Select Properties To Look At
Should be based on Budget+Needs+Wants = Perfect Home
(When You Find The Home of Your Dreams)
5. Time To Put in An Offer
- Always review market data for price analysis
- Double check with your lender
- Review all documents including disclosures/ inspections
- Earnest money due
- Decide on a closing date
- Sign & Submit offer to seller/ seller’s agent
6. Negotiating (Sometimes Playing Hard Ball)
- You have options, talk with your realtor about closing fees, repairs, closing date.
- This is the time to discuss your deal breakers and features that could sweeten the purchase
7. The Contract
- Attorney will review
- Review all inspection reports
- Financially committing
- Title work begins
8. Loan Processing
- Sign all documents, finalizing your application
- Get loan disclosures
- Appraisal
- Set up insurance
- Receive the mortgage commitment
- Review the closing disclosure
9. Closing On Your Home- The Day is Finally Here!
- Must have photo ID
- Funds need to be present either check or wire
- Setup utilities, perform a final walk-through
- Get the keys to your new home!
10. Post-Closing
Move in- and enjoy your new house!
