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  • Select An Agent Inspections: The Purchase Process

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    This document outlines the typical steps involved in purchasing a home, including selecting an agent, getting pre-qualified for a loan, searching for a home, making an offer, securing financing, completing inspections, and finalizing the closing process. Key steps are interviewing and selecting an agent and mortgage broker, getting pre-approved for a loan, identifying needs and exploring neighborhoods, making an offer and negotiating until acceptance, fulfilling contractual obligations such as inspections and appraisal, finalizing all paperwork, and receiving keys at closing.

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    Purchase-Process-Workflow

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    This document outlines the typical steps involved in purchasing a home, including selecting an agent, getting pre-qualified for a loan, searching for a home, making an offer, securing financing, completing inspections, and finalizing the closing process. Key steps are interviewing and selecting an agent and mortgage broker, getting pre-approved for a loan, identifying needs and exploring neighborhoods, making an offer and negotiating until acceptance, fulfilling contractual obligations such as inspections and appraisal, finalizing all paperwork, and receiving keys at closing.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    6 views1 page

    Select An Agent Inspections: The Purchase Process

    Uploaded by

    raveensmu
    This document outlines the typical steps involved in purchasing a home, including selecting an agent, getting pre-qualified for a loan, searching for a home, making an offer, securing financing, completing inspections, and finalizing the closing process. Key steps are interviewing and selecting an agent and mortgage broker, getting pre-approved for a loan, identifying needs and exploring neighborhoods, making an offer and negotiating until acceptance, fulfilling contractual obligations such as inspections and appraisal, finalizing all paperwork, and receiving keys at closing.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    The Purchase Process

    Your Steps To A New Home

    Select an Agent Inspections


    √ Review recommendations and local agents √ Agent to schedule all inspections
    √ Interview and select your agent √ Meet the inspectors at the property for inspections
    √ Review and sign any upfront paperwork √ Review seller disclosures, inspection reports and
    √ Get references for mortgage brokers agent visual inspection
    √ Begin review of financing options √ Make requests and schedule any follow up
    inspections with your agent
    √ Determine next steps with your agent

    Prequalification
    √ Run a free credit report yourself
    √ Interview mortgage brokers Secure Financing
    √ Figure out how much you can afford √ Agent to provide mortgage broker with ratified contract
    √ Determine which loan package is right for you √ Buyer to provide additional requested documentation
    √ Select a mortgage broker √ Appraisal ordered and performed
    √ Fill out application and provide documentation √ Review appraisal results
    √ Get pre-approval letter confirming loan details √ Provide any follow up requests from the lender until
    final sign off
    √ Receive final approval letter
    √ Determine next steps with your agent
    Home Search
    √ Identify home needs and wants with your agent
    √ Review optional areas based on needs and price range
    √ Set plan with your agent for new listing updates Final Processes
    √ Preview homes and explore neighborhoods √ Continue to review all required contractual and
    √ See homes and refine the best options legal obligations
    √ Review timeline and contingencies (conditions) of
    the contract
    √ Continued negotiations if applicable
    Purchase Offer
    √ Secure a Homeowner’s Insurance Policy and Flood
    √ Identify a home you want to purchase
    Insurance if applicable
    √ Select attorney for the closing process
    √ Review settlement statement
    √ Discuss offer options, strategy and competition
    √ Deposit remaining funds for down payment and
    √ Determine offer details (price, financing, inspections,
    closing costs
    closing, etc.)
    √ Walk through of the property
    √ Write, submit and present the offer and review response
    with you
    √ Negotiations until an accepted offer
    Closing
    √ Review and sign all final paperwork
    Receive closing confirmation
    Pending Status √
    √ Get keys
    √ Agent to distribute copies of the ratified contract
    √ Move in!
    √ Deposit earnest monies
    √ Review timeline and milestones in the offer
    √ Initiate next steps in financing process
    √ Take steps to meet all contractual obligations

    EACH OFFICE IS INDEPENDENTLY OWNED AND OPERATED.

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