1. Meet with Lender for qualification and approval. Price of home and house payment to be determined. <Go to Mortgage Page>
2. Meet with Realtor to sign buyer representation documents and review the buying process.
3. Search for homes with Realtor.
Agent and Client set guidelines for your home search. Realtor sets up online search for client and emails homes for client review. The client narrows down list and informs agent of homes they are interested in.
4. Realtor to show homes to Buyer.
Repeat steps 3 and 4 if necessary, until buyer has decided to make an offer on a home.
5. Write an offer. Earnest money check needed at this time. ($1000 or more depending on the price range of the home). Buyer to determine if they desire a buyer's inspection (cost = $300-$400). Negotiate offer with agents help. Be available at all times during the offer presentation by phone or in person. Final acceptance dated, copies received and all contingencies are met or repeat steps 3-5.
Buyer also purchases homeowners insurance for the first full year (cost = dependent on home's value... to estimate multiply home's price by .004 [Example:$200,000 x .004 = $800]
7. Preparing for the closing. Insurance binder to be purchased (within a week of the closing). Final approval and final closing cost numbers to be given. Cashiers check made payable to you the Buyer, for final closing costs. Final walk-through of the property to make sure it is in the same condition as when it was purchased. Buyer should arrange for the utilities to be put in their name. The Closing: Buyer to sign all documents, receive Title and exchange keys.
