Home Buying Process “Time Line”
DECIDE TO BUY!
1) Choose a Lender. (Agent can assist.) Get pre-qualified. Decide “how much” house you will buy. You don't need to commit to a lender at this point - you can get serious about that after negotiating a contract.
2) Meet with your REALTOR. (Give agent “wish list”. Together, start searching MLS/computer.)
3) Start viewing properties. (Agent makes appointments)
4) Find the “right one”-write an offer! (Agent provides guidance and completes appropriate forms.)
5) Negotiate the price & terms. (Most communication is agent-to-agent.)
6) When all parties agree to price & terms and sign & initial all appropriate forms, you have a CONTRACT.
Congratulations! You are buying a house!!
2) Meet with your REALTOR. (Give agent “wish list”. Together, start searching MLS/computer.)
3) Start viewing properties. (Agent makes appointments)
4) Find the “right one”-write an offer! (Agent provides guidance and completes appropriate forms.)
5) Negotiate the price & terms. (Most communication is agent-to-agent.)
6) When all parties agree to price & terms and sign & initial all appropriate forms, you have a CONTRACT.
Congratulations! You are buying a house!!
Next we...
7) Choose an attorney. (Agent can assist with your choice.)
8) Schedule the closing with the attorney’s office. (Agent handles this.)
9) Perform Home Inspection. (Agent arranges & is present.)
10) Pest Inspection performed as well as any other appropriate inspections. (Agent arranges & is present)
11) Request & negotiate needed repairs. (Agent-to-agent)
12) Purchase Hazard Insurance. Contact utilities for “start-up” times. (Agent provides list.)
13) Perform final “walk through” of the home. (Agent will make appointment and be present.)
14) Go over HUD statement with agent.
15) Attend Closing. (This is usually at attorney’s office, attended by Buyers, Seller, and both agents.)
7) Choose an attorney. (Agent can assist with your choice.)
8) Schedule the closing with the attorney’s office. (Agent handles this.)
9) Perform Home Inspection. (Agent arranges & is present.)
10) Pest Inspection performed as well as any other appropriate inspections. (Agent arranges & is present)
11) Request & negotiate needed repairs. (Agent-to-agent)
12) Purchase Hazard Insurance. Contact utilities for “start-up” times. (Agent provides list.)
13) Perform final “walk through” of the home. (Agent will make appointment and be present.)
14) Go over HUD statement with agent.
15) Attend Closing. (This is usually at attorney’s office, attended by Buyers, Seller, and both agents.)
Celebrate!! - You own a home!
