Buying home can be an
very fun and strenuous time in your life. To help you understand
the home buying process here are some steps on what to expect.
Step 1
Work with a Lender to get your pre-approval completed so you know what price
range you will be looking at.
Step 2
After the seller Accepts your offer your escrow period count down starts.
At this time we now have an executed or ratified
contract.
Step 3
Any Earnest Money you have agreed to needs to be deposited to the Escrow
account. Make sure you write the escrow number on the check if you are
not doing a wire transfer.
Step 4
If there is a Physical Contingency Period you can inspect the
property during this time. Any repairs the seller agrees to have
completed should be completed prior to close of escrow unless agreed upon
differently.
Step 5
Your lender is working from the 1st day of acceptance to get
your appraisal ordered and your loan file ready
for underwriting to give a formal approval of your loan. ( If Loan is
Obtained for the purchase)
Step 6
The title company will collect all the necessary documents needed
from all parties. (Seller(s), Buyer(s), Lender, and agents).
Step 7
When we close all parties will work from a
HUD-1 Settlement statement. The HUD- will tell you the
charges associated with the purchase of your home.
Step 8
Funding takes place. (Normally the day before closing)
Step 9
The county Records the Grand Deed
Step 10
Your Key Exchange to your new home!
CONGRATULATIONS!!!
You Are officially a New Home Owner!
Property Search
RSS Feed
Search Blog
Recent Blogs
Compare Countertop Materials To Consider Both Inside And Outside Your Home - Considering selling your home?
Low Rates Now Will Have Big Impact On Inventory In The Future - Low rates are fantastic for the
Remodeling Surge Battles Supply Shortage ROI Challenges Heres Why - If buying isn’t an option, make
Why Compass And Eastbaypro To Achieve Your Real Estate Goals - Compass is the only real estate
Our Bloggers
This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.
Click 'Save' to add a property to this list.New & returning visitors please enter your information to login.
This message will go directly to the head of our team.