Road To Home Ownership
1. Find an Experienced Local Realtor 2. Consult With a Lender -Discuss Budget -Obtain a Preapproval Letter 3.Discuss Needs/Wants With Realtor 4. Select Properties To Look At Should be based on Budget Needs Wants= Perfect Home (When You Find The Home of Your Dreams) 5. Time To Put in An Offer -Always review market data for price analysis -Double check with your lender -Review all documents including disclosures/ inspections -Earnest money due -Decide on a closing date -Sign & Submit offer to seller/ seller’s agent 6.Negotiating (Sometimes Playing Hard Ball) -You have options, talk with your realtor about closing fees, repairs, closing date. -This is the time to discuss your deal breakers and features that could sweeten the purchase 7. The Contract -Attorney will review -Review all inspection reports -Financially committing -Title work begins 8. Loan Processing -Sign all documents, finalizing your application -Get loan disclosures -Appraisal -Set up insurance -Receive the mortgage commitment -Review the closing disclosure 9. Closing On Your Home- The Day is Finally Here! -Must have photo ID -Funds need to be present either check or wire -Setup utilities, perform a final walk-through -Get the keys to your new home! 10. Post-Closing Move in- and enjoy your new house!
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