- Find a Realtor® That You Trust and make a commitment to them in writing.
- Make a list of your wants and needs in a property. Then, discuss your real estate plans and goals with your Realtor®.
- If you need a loan, your Realtor® can provide referrals.
- Check out properties with your Realtor®. Evaluate the neighborhoods and the home inside and out. On a scale of 1 to 10, 10 meaning that it is perfect for your needs and 1 meaning that you don't like it at all, how would you rate it?
This rating system can help you decide and can save you time.
- Write an Offer to Purchase (You will need to write a deposit check, which may be deposited within three business days.). These funds are applied to the down payment at closing.
- The seller reviews your offer. They can accept your offer, counter it or reject it. Your Realtor's skills will come into play to assist you every step along the way during the process.
- When you and the seller have agreed on the terms of the contract and the offer is accepted, the home is taken off the market and considered “pending” until the final closing date.
- It is a good idea to have a professional home inspection of the property. If some problems are found, work with your Realtor® to see what can done to get the items fixed.
- Your lender or mortgage company will order an appraisal and gather any additional documents from you to get your loan completely processed. When your lender calls for a document, try to get it to them as soon as possible, this is something your Realtor will typically handle for you.
- After your property's appraisal is finished, the bank will issue a final written loan approval.
- Your Closing Company will contact you to sign your loan documents. Again, this is something your Realtor will help you decide upon and set an appointment for.
- Before your property closes escrow, you and your Realtor® will walk through the property to see that it is in the same condition as it was when you first saw the property.
- At “closing” all legal documents will be signed and sent by the closing company to be recorded at the county recorder’s office. When they receive confirmation that the deed has been recorded, the escrow company will close the transaction.
- You now own the property! Your Realtor® will be with you every step of the way to insure everything goes smoothly.
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