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In a nutshell, here are 15
typical and essential steps most home buyer's will take in
the order they usually happen:
| 1. |
|
Select a real estate agent that you feel
is competent and that you have rapport with. |
| 2. |
|
Get prequalified by a lender and determine
how much house you can purchase. |
| 3. |
|
Work with the Realtor to determine the
various needs in the kind of home you want to buy. |
| 4. |
|
Search and find your home with your Realtor,
make a written offer and respond to any counter offers
from the seller. |
| 5. |
|
Reach an agreement with the seller. Earnest
money deposited in real estate company escrow account.
|
| 6. |
|
Make a formal loan application. Typically
done within five days of contract agreement. |
| 7. |
|
Conduct a home inspection with a qualified
home inspector. Negotiate correction of any problems.
|
| 8. |
|
Select a settlement attorney. Respond to
requests for information from the mortgage company. |
| 9. |
|
Loan approved. Final pest inspection made
by seller. Moving arrangements finalized. |
| 10. |
|
Obtain home owner's insurance. Confirm
settlement date. |
| 11. |
|
Arrange for utilities to be put in your
name. Get final closing costs. |
| 12. |
|
Conduct final walk through of the home
to ensure everything is as specified in the contract. |
| 13. |
|
Go to closing with receipt for home insurance
and certified or cashier check for closing costs. |
| 14. |
|
Sign all documents, get keys to house and
take a deep breath. |
| 15. |
|
Live happily ever after. |
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