1. Dreaming
Look at homes online, decide your needs, wants, and your budget.
2. Buyers Consult
Find an agent you can trust. Learn about the process and come up with a plan.
3. Pre-Approval
Must be pre-approved prior to showing.
4. Showings
Typically buyers see between 5-10 homes before writing an offer.
5. Make an Offer
Sellers can accept, reject, or counter the offer.
6. Offer Gets Accepted
Earnest money is submitted.
7. Inspection
Buyers schedule the inspection. If issues are found, contract can be renogotiated or you can cancel and get your earnest money back.
8. Title Work
Your file will be sent to the Title company and Lender and they will begin processing.
9. Appraisal
Some lenders charge for the appraisal up front and some charge at closing.
10. Final Figures
You will receive your exact cash-to-close and loan amount.
11. Final Walk Through
Usually a day or two before closing to verify the home is as agreed.
12. Closing
Bring your final cash-to-close and your ID