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Select An Agent Inspections: The Purchase Process

This document outlines the typical steps involved in purchasing a home, including selecting an agent, getting pre-qualified for a loan, searching for a home, making an offer, securing financing, completing inspections, and finalizing the closing process. Key steps are interviewing and selecting an agent and mortgage broker, getting pre-approved for a loan, identifying needs and exploring neighborhoods, making an offer and negotiating until acceptance, fulfilling contractual obligations such as inspections and appraisal, finalizing all paperwork, and receiving keys at closing.

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29 views1 page

Select An Agent Inspections: The Purchase Process

This document outlines the typical steps involved in purchasing a home, including selecting an agent, getting pre-qualified for a loan, searching for a home, making an offer, securing financing, completing inspections, and finalizing the closing process. Key steps are interviewing and selecting an agent and mortgage broker, getting pre-approved for a loan, identifying needs and exploring neighborhoods, making an offer and negotiating until acceptance, fulfilling contractual obligations such as inspections and appraisal, finalizing all paperwork, and receiving keys at closing.

Uploaded by

raveensmu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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The Purchase Process

Your Steps To A New Home

Select an Agent Inspections


√ Review recommendations and local agents √ Agent to schedule all inspections
√ Interview and select your agent √ Meet the inspectors at the property for inspections
√ Review and sign any upfront paperwork √ Review seller disclosures, inspection reports and
√ Get references for mortgage brokers agent visual inspection
√ Begin review of financing options √ Make requests and schedule any follow up
inspections with your agent
√ Determine next steps with your agent

Prequalification
√ Run a free credit report yourself
√ Interview mortgage brokers Secure Financing
√ Figure out how much you can afford √ Agent to provide mortgage broker with ratified contract
√ Determine which loan package is right for you √ Buyer to provide additional requested documentation
√ Select a mortgage broker √ Appraisal ordered and performed
√ Fill out application and provide documentation √ Review appraisal results
√ Get pre-approval letter confirming loan details √ Provide any follow up requests from the lender until
final sign off
√ Receive final approval letter
√ Determine next steps with your agent
Home Search
√ Identify home needs and wants with your agent
√ Review optional areas based on needs and price range
√ Set plan with your agent for new listing updates Final Processes
√ Preview homes and explore neighborhoods √ Continue to review all required contractual and
√ See homes and refine the best options legal obligations
√ Review timeline and contingencies (conditions) of
the contract
√ Continued negotiations if applicable
Purchase Offer
√ Secure a Homeowner’s Insurance Policy and Flood
√ Identify a home you want to purchase
Insurance if applicable
√ Select attorney for the closing process
√ Review settlement statement
√ Discuss offer options, strategy and competition
√ Deposit remaining funds for down payment and
√ Determine offer details (price, financing, inspections,
closing costs
closing, etc.)
√ Walk through of the property
√ Write, submit and present the offer and review response
with you
√ Negotiations until an accepted offer
Closing
√ Review and sign all final paperwork
Receive closing confirmation
Pending Status √
√ Get keys
√ Agent to distribute copies of the ratified contract
√ Move in!
√ Deposit earnest monies
√ Review timeline and milestones in the offer
√ Initiate next steps in financing process
√ Take steps to meet all contractual obligations

EACH OFFICE IS INDEPENDENTLY OWNED AND OPERATED.

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