THE PROCESS OF BUYING A HOME
PHASE I
PHASE II
PHASE III
Contract Coordination Ensure all documents are received and signed properly Deliver due diligence fee
Get Pre-approved
Start Shopping
Browse listings online Tour open houses Drive through neighborhoods Prospect for off-market sales Eliminate properties based on needs analysis
Apply for mortgage Provide all requested financial documents Review loan options Get preapproval letter
& earnest money Schedule closing
Provide any missing documents to lender
Initial consultation Define agency relationship
Due Diligence Period Review Professional Services Disclosure Inspections & appraisal Title Search Clear loan conditions Get insurance quotes Negotiate repairs or concessions Remove contingencies Due diligence period ends
Schedule Showings 3-5 houses typically Schedule 24 hours in
Establish agency services Sign buyer agency agreement Establish timeframes Review market conditions
advance, when possible Provide feedback
Preparing an offer Review disclosures
Determine budget Set search criteria
Material Facts search Request payment estimate from lender CMA to determine value Establish offer terms & contingencies Negotiate counter-offers Offer accepted!
Closing
Confirm moving dates Set up utility accounts Schedule movers Verify repairs Final walk-through Review closing disclosure Wire funds to closing attorney Sign paperwork Get keys!
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