1.) Select an Agent
√ Review recommendations and local agents
√ Interview and select your agent
√ Review and sign any upfront paperwork
√ Get references for mortgage brokers
√ Begin review of financing options
2.) Prequalification
√ Figure out how much you can afford
√ Select a mortgage broker
√ Determine which loan package is right for you
√ Fill out application and provide documentation
√ Get pre-approval letter confirming loan details
3.) 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
√ Preview homes and explore neighborhoods
√ See homes and refine the best options
4.) Purchase Offer
√ Identify a home you want to purchase
√ Discuss offer options, strategy and competition with your agent
√ Determine offer details (price, financing, inspections, closing, etc.)
√ Deposit earnest monies
√ Agent to write, submit and present the offer and review response with you
√ Review timeline and milestones in the offer
√ Negotiations until an accepted offer
√ Receive a copy of the ratified contract
5.) Inspections
√ Agent to schedule all inspections
√ Meet the inspectors at the property for inspections
√ Review seller disclosures, inspection reports and agent visual inspection
√ Make requests and schedule any follow up inspections with your agent
√ Determine next steps with your agent
6.) Open Escrow
√ Agent to open an escrow account
√ Initiate next steps in financing process
√ Take steps to meet all contractual obligations
7.) Secure Financing
√ Agent to provide mortgage broker with ratified contract
√ Buyer to provide additional requested documentation
√ Appraisal ordered and performed
√ Review appraisal results
√ Provide any follow up requests from the lender until final sign off
√ Receive final approval letter √ Determine next steps with your agent
8.) Final Processes
√ Continue to review all required contractual and legal obligations
√ Review timeline and contingencies (conditions) of the contract
√ Continued negotiations if applicable
√ Secure a Homeowner’s Insurance Policy
√ Sign all final paperwork
√ Sign loan and required documents through the title company
√ Deposit remaining funds for down payment and closing costs
9.) Close Escrow
√ Receive closing confirmation
√ Get keys
√ Move in!