Home Buying Process Made Simple
DISCUSS AGENCY
Agency is the relationship between the client and the realtor
DETERMINE PURCHASE POWER
Contact a mortgage company for loan approval and to find how much of a home you can afford
DETERMINE DESIRES AND WANTS
Discuss areas of interest and desired features you are looking for in a home
VIEW HOMES
Will begin to view homes as they come on the market
MAKE AN OFFER TO PURCHASE
After viewing a home that you are interested in, we will then make an official contact offer
CONTRACT ACCEPTANCE
When buyer and seller agree to all the terms and condition of the contract offer
SELECT TITLE COMPANY
Title Company will conduct the settlement of your purchase, the actual transfer of deed
CONTENGENCIES
Home Inspection- professional home inspector will inspect home for defects
Pest Inspection- professional pest inspector will inspect for termites
Appraisal- your bank will order an appraiser to justify the contract price
ACQUIRE HOMEOWNERS INSURANCE
Required by the lender, policy for the home you are purchasing
LOAN COMMITMENT
When the bank gives final loan approval
FINAL WALK THRU
View the property before settlement to make sure repairs are complete, all items conveying are still there, and no new damages are done
CONTACT UTILITY COMPANY
Contact utility companies to inform of ownership change to insure you will have utilities upon moving
SETTLEMENT
The day the property transfers possession from seller to buyer
