A step-by-step game plan for what to expect from initial consultation all the way through to the closing of your home.
1. Meet with your REALTOR®
Outline your needs and wants, including your purchasing parameters – location, price, style/condition.
2. Get Pre-Approved
This will help you understand what you can afford and will give you better negotiating power.
3. View Homes
Using the information gained in step one, your REALTOR® will put together a list of homes for you to view. This process of elimination – even looking at homes you don’t end up liking – will help you understand what you really want.
4. Write a Contract
Working with your REALTOR®, you will write a contract. Read a blank contract prior to this phase so you know what all will be involved.
5. Earnest Money
Offering earnest money is a way to show the seller you are serious. This money is held in trust until closing.
6. Get It Inspected
Once the contract is accepted, have the property inspected if the contract allows. This will give you a more thorough look and a greater understanding of what you are purchasing.
7. Final Walkthrough
After the mortgage has been approved, a final walkthrough is encouraged to give you a chance to re-inspect and ensure any personal property conveying is present.
8. The Closing
Once the contract is accepted, inspections performed, and mortgage approved, the closing will be set and final documents will be executed.
9. Home Sweet Home!
Once the closing paperwork is completed, transfer of ownership is complete! You will receive keys, garage door openers, and any documents/warranties that convey with the property. Time to move in! Congratulations!
