You want someone who has the skills and care to help you make one of the biggest investments of your life
STEP 2 - Obtain Financing
Can You Prove It?
Sellers will want to see proof of funds if you are paying with cash, or a pre-qualification letter if you finance part of the sale
Step 3 - Select Properties
Evaluate Your Needs
Get clear about what it is that you need, and what it is that you want
Step 4 - View Properties
Be Intentional
Be ready to make clear decisions on the homes that you believe could be a good fit to save yourself time and stress.
Step 5 - Write an Offer
Make the Bid
Pull together an written contract that works for your goals and the current market
Step 6 - Negotiate Terms
Lock in the Details
Almost anything in the contract can be negotiated. Don’t surprised if a seller comes back with some requests.
Step 7 - Accepted Contract
Bind the offer
Once accepted and bound, the performance deadlines start ticking.
Step 8 - Conduct Inspection
Get Reports
Inspections will tell you everything you want to know about the condition of the house
Step 9 - Negotiate Repairs
Address the issues
This is your chance to raise objections to any issues that came to light during inspections and get them resolved
Step 10 - Loan Processing
Appraisal/Underwriting
This process includes getting credit checks, financial disclosures, appraisals, and land surveys
Step 11 - Clear Title
Deed of Ownership
The title company will ensure that there are no liens or additional claims to ownership on the property
Step 12 - Home Insurance
Get Covered
This is the time to make sure that the property is insurable in the condition that you will buy it
Step 13 - Obtain Funds
"Clear to Close"!
If financing, the mortgage will go through final review and underwriting, and once funds are obtained you will be "clear to close".
Step 14 - Closing
Sign and Swap
Sign closing documents, schedule swap of keys and utilities, fund the purchase.
Step 15 - Possession
Move in Day!
Sometimes possession is given after closing, but usually you are given possession once the title company processes paperwork and funds. Time to enjoy your new house!
