Buy

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Phase One

Initial Consultation

  • Determine needs and wants
  • Buying process overview
  • Agent Services
  • Market conditions
  • Lending qualification
  • Define Agency Relationship

Loan Pre-Approval

  • Obtain Loan Pre-Approval Letter from Lender (not a pre-qualification)

Home Shopping

  • Tour Properties that meet the criteria the “ideal” home
  • Utilize Buyer/Seller Toolkit to monitor market inventoryFind

Find Home and Make Offer

  • Review and sign off on available disclosures and reports.
  • Discuss appropriate strategies with agent and submit a reasonable offer
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Phase Two

Open Escrow

  • Escrow officer will order Preliminary Title Report and send copies to both parties
  • Buyer funds are deposited into escrow account

Submit Home Informationto Lender

  • Submit copy of contract to lender for processing and appraisal scheduling
  • Confirm contingency removal date and loan conditions.

Inspections and Property Condition Review

  • Buyer inspections: Property, Roof, Pest, Ect.
  • 2nd review of Seller disclosures

Renegotiate Price

  • If critical issues are discovered during buyer inspections or, Seller disclosure review, renegotiate the price!

Home Insurance

  • Select home insurance company and coverage
  • Submit insurance information to escrowFinal

Loan Underwriting and Appraisal

  • Underwriter reviews files
  • Appraisal is ordered by lender

Remove Contingencies

  • After property inspections and confirmation of loan doc approval, contingencies are removed
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Phase Three

Final Walkthrough

  • A final walkthrough is performed in order to confirm repairs if necessary
  • Property conditions should be consistent with the condition on the date of ratification

Sign Off and Loan Funding

  • Sign loan documents and review closing costs settlements.
  • Lender sends to the Title Company the funding for ballance

Record/Transfer Title & Close Escrow

  • Deed is recorded by the County Records office
  • Obtain keys to YOUR new home