Home Finding Process
Finding and buying a home typically includes many of the following elements.
- Determine your needs and priorities
- Review “agency” choices and select appropriate
working relationship - Discuss financing options
- Find a mortgage company
- Consult with a loan officer
- Pre-qualification
- Complete loan application
- Obtain loan pre-approval
- Provide requested documentation
- Property appraisal
- Loan processing
- Final loan approval
- Sales professional to show you properties based on
your criteria - Evaluate each property with sales professional
- Choose the right home
- Review comparable sales to determine offer price
- Review progress of loan pre-approval;
decide on financing - Decide on other terms (inspections, possession date,
personal property, etc.) - Prepare earnest money deposit
- Present your offer
- Negotiation of terms and possible counteroffers
- Agreed-upon sales contract with seller
- Deposit of earnest money
- Review seller’s property disclosures
- Review preliminary title report
- Roof, termite and other inspections
- Remove any remaining contingencies
- Arrange for homeowners insurance
- Arrange for home warrant
- Arrange for mover
- Final walk-through of property with sales professional
- Provide balance of down payment and closing costs
- Sign documents
- Loan funding
- Recording of title
- Receive keys from sales professional
- MOVE IN!
View a Flow Chart of the Process
Buying Process: Finding and purchasing a home typically includes many of the following elements seen in this flow chart
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