Buyers

What Buyer's Need To Know

Step 1:

Find a realtor you can trust

Step 2:

Analyze your needs in a consultation

Step 3:

Obtain financial pre-qualification and pre-approval

Step 4:

Select properties

Step 5:

View properties

Step 6:

Write an offer to purchase

Earnest Money Deposit

(EMD)

Step 7:

You and your agent will negotiate the offer and counter offers with the seller's agent.

Step 8:

Accept the contract

Schedule all

Inspections

Step 9:

Lender will work on getting you approved for the loan by ordering the following:

Credit Report

Appraisal

Verifications

Step 10:

Secure Underwriting

Rejection

Conditions

Step 11:

Schedule termite & survey

Step 12:

Title company will reach out to you for additional information and schedule a settlement date.

Title Exam & Title Insurance

Step 13:

Obtain Home Owner's Insurance

Step 14:

Close on property

Step 15:

Move In!

Money Needed Up Front

Tips When Buying A Home

Do not make large purchases
Improve your credit if needed
Save up for a large deposit
Interview more than one Realtor
Get pre-approved for your home loan
Get a survey done on your property line to avoid a dispute in the future
Do not try and time the market - buy when it is comfortable for you
Be aware of sleeper costs - property taxes and/or increases, utilities, HOA dues, repairs, maintenance, home insurance
Manage your emotions- be wise and realize it is an investment.
Inspect the home from top to bottom before buying it. Would you buy a car without looking under the hood?
Place an offer that you can comfortably afford and what is fair market value.
Get comfortable with the neighborhood before hand. Drive by different times of the day to see what goes on.
Have a check list of the features you want in your home
Bigger is not always better - If you plan to sell the home it may limit the potential buyers