Initial Meeting with the Realtor

Getting to know YOU, Getting to know ME; Overview of Purchase Process; Discussion of Wants and Needs; Timeframes; Area, Location; School District; Pre-Qualifications, Discussion of Mortgage Lenders and Programs, New Build vs. Existing; Government Forms and Related Materials.

Pre-Approval

Make Appointment with Lender. Take required Documentation; Receive a Good Faith Estimate within 24 hours.

Home Search

Determine Area and Criteria; Computer Search; Set up appointments of qualified properties.

Make An Offer

Determine Fair Market Value; May need to make Counter Offers; The offer is negotiated and accepted.

In-Contract

Earnest Money Deposit; $$ Amount TBD.

Make Loan Applications

Within 5 days of accepted contract $250- $350 for credit report and appraisal.

Home Inspections

Within 10-14 days of accepted contract; Home Inspection ($225-$275), Gas-line Inspection & Warranty ($55-$65), Radon Gas ($110-$125), Lead-based paint, Wood Destroying Insects ($55-$65), Well bacteria test ($70) and Septic/Aeration ($70) are completed.

Buyer's Request to Remedy

Buyer will request for Seller to Remedy unsatisfactory conditions within 10-14 days of accepted contract.

Home Owners Insurance

Buyer to arrange with insurance company 1 year pre-paid Hazard Insurance (N/A Condominiums) $300-$450.

Behind the Scenes

Mortgage Lender to Verify Personal Information; Credit Report; Appraisal; Sends information to underwriting.

HUD Settlement Statement

Buyer will receive 24 hours prior to closing.

Buyer to bring to closing

Original Insurance Policy and Receipt; Drivers License; Certified Cashiers Check Payable to Buyer.

CONGRATULATIONS!

Change of Address; Put utilities into your name.

Possession

Vacant is Immediate; Owner Occupied is 0-30 days; New Build is Immediate; Tennant has Tennant's Rights.