HOW BUYING A HOME WORKS
1. PARTNER WITH AN AGENT
- Absorb their local insight
- Review market averages
- Complete a needs assessment
2. GET PRE-APPROVED FOR A LOAN
- Understand what you can afford
- Determine your monthly mortgage payment
- Prepare for escrow
- Obtain a pre-approval letter from lender of your choice
3. FIND YOUR NEW HOME
- Compare homes and neighborhoods then narrow down your search
- Search for homes on my app. Save your favorites
- Schedule home tours and nix homes that don't hit the mark
- Decide on your dream home
4. MAKE YOUR OFFER AND NEGOTIATE THE TERMS
- Review contract terms and time limit for offer
- Negotiate purchase price
- Sign accepted offer, YOU ARE NOW UNDER CONTRACT
- Deliver escrow payment
- Select closing attorney
5. UNDER CONTRACT
- Secure your home loan
- Acquire home insurance
- Conduct inspections
- Negotiate any items from inspections
- Order appraisal
- Schedule closing
- Prepare funds for closing
- ALWAYS STAY IN CLOSE CONTACT WITH YOUR AGENT
6. BEFORE YOU CLOSE
- Transfer funds to closing attorney or prepare certified check
- Reserve moving company and set moving dates
- Change your address with USPS
- Set up utilities in your name
- Confirm all contingencies are resolved
- Schedule final walk-through
7. CLOSING DAY: WHAT TO BRING
- Valid government-issued photo ID
- Social security number
- Certified check
8. CLOSING DAY
- Sign closing disclosure, promissory note, and all other documentation
- Title transfer
- Deed delivery
- GET YOUR KEYS!