1. Financing
What type of loan am I looking for?
Do I need a down payment?
How much will my payment be? Is that including property tax & insurance?
How much are “closing costs?”
Who do I talk to?
2. Finding a Realtor
This is your choice. Make sure you feel comfortable & confident in your Realtor.
Communicate.
Know who is representing YOUR best interest (listing agent = name on the sign = represent the seller).
3. House Hunting & Offer
Pre-approval letter.
Earnest money.
Purchase & Sale agreement:
The protections in place = Contingencies.
4. Inspection Contingency
Home (buyer)
Septic inspection (seller)
Water (buyer)
Title search
Homeowners Insurance
Appraisal
Financing
5. Final Loan Approval
Loan documents get sent to escrow
Final documents get worked up
Is there a POA? Are you going to be out of town?
6. Closing
Sign documents
Bring your driver’s license
Bringing money to the table? (Must be a certified check.)
Recording of the final documents with the County.
Keys…Welcome Home!
Getting your earnest money back?
You can pick it up the day after closing at the title company.