Homebuying Process
Purchasing a home, especially for the first time, can be very daunting. Some buyers don't know where or how to begin. Others ask, "What happens next?" Not every transaction occurs in the same order or manner, but we have outlined the primary steps for purchasing a home below.
Click Here for a Detailed Explanation of Each Step
1. Pull Your Credit Report to Determine Your Ability to Get a Mortgage
2. Get a Mortgage Pre-Approval Letter
3. Search MLS for Available Homes
4. Discuss Your Needs and Goals with One of Our Agents
5. Ask One of Our Agents to Represent You
6. With Our Agent, Make a List of Homes to View
7. Our Agent Shows You Homes
8. Our Agent Helps Research Info About Specific Properties
9. Make an Offer on a Home
10. Seller Accepts, Rejects or Counter-Offers
11. Offer is Accepted and You Submit a Binder Deposit
12. Chose an Attorney to Represent You
13. Schedule Tests and Inspections to Verify the Condition of the Property
14. Lock in an Interest Rate with Your Lender to Put the Loan Into Process
15. The Appraisal and Title Search Are Requested
16. Survery is Ordered (Sometimes Required)
17. You and Seller Sign Sales Contract
18. You Obtain Homeowner's Insurance
19. Title Search is Completed
20. Lender Notifies You that Your Mortgage is Clear to Close
21. Buyer Participates in Final Walk-Through
22. Closing Settlement Takes Place
23. Buyer Takes Possession