Real Estate Buying Process
Pre-Approval:
Buyer gets pre-approved for a loan if needed
Buyer Agency Agreement:
Meet your agent & sign agreement
Begin Your Search:
Find your for a loan if needed dream home
Buyer Purchase Negotiation:
If seller counters, the buyer reviews and can accept, counter, or deny the offer
Seller Purchase Negotiation:
Seller receives and reviews offer. Seller can accept, counter, or deny the offer
Offer:
Buyer submits an offer
Under Contract:
Buyer & seller agree on price and terms and sign the sales agreement
Inspection Period:
Buyer schedules a professional inspection within 10 days
Inspection Contingencies:
Resolve any issues from inspections
Appraisal Gap Negotiation:
If an appraisal is low, the seller & buyer may need to renegotiate price or repairs
Appraisal:
The buyer's lender orders an appraisal for the loan
Earnest Deposit:
Buyer submits earnest money to title/escrow
Obtain Home Insurance:
Buyer shops for & secures homeowners insurance
Loan Underwriting:
The loan application is submitted and processed
Title Search:
Title company performs a title search to ensure seller's ownership
Final Walkthrough:
Buyer inspects the home before closing.
Closing Docs Issued:
Buyer receives final loan documents and costs from the lender
Contingency Removal:
All agreed conditions (financing, inspection, appraisal, etc.) are met and cleared
Real Estate Buying Process
Pre-Approval:
Buyer gets pre-approved for a loan if needed
Buyer Agency Agreement:
Meet your agent & sign agreement
Begin Your Search:
Find your for a loan if needed dream home
Buyer Purchase Negotiation:
If seller counters, the buyer reviews and can accept, counter, or deny the offer
Seller Purchase Negotiation:
Seller receives and reviews offer. Seller can accept, counter, or deny the offer
Offer:
Buyer submits an offer
Under Contract:
Buyer & seller agree on price and terms and sign the sales agreement
Inspection Period:
Buyer schedules a professional inspection within 10 days
Inspection Contingencies:
Resolve any issues from inspections
Appraisal Gap Negotiation:
If an appraisal is low, the seller & buyer may need to renegotiate price or repairs
Appraisal:
The buyer's lender orders an appraisal for the loan
Earnest Deposit:
Buyer submits earnest money to title/escrow
Obtain Home Insurance:
Buyer shops for & secures homeowners insurance
Loan Underwriting:
The loan application is submitted and processed
Title Search:
Title company performs a title search to ensure seller's ownership
Final Walkthrough:
Buyer inspects the home before closing.
Closing Docs Issued:
Buyer receives final loan documents and costs from the lender
Contingency Removal:
All agreed conditions (financing, inspection, appraisal, etc.) are met and cleared
Real Estate Buying Process
Pre-Approval:
Buyer gets pre-approved for a loan if needed
Buyer Agency Agreement:
Meet your agent & sign agreement
Begin Your Search:
Find your for a loan if needed dream home
Buyer Purchase Negotiation:
If seller counters, the buyer reviews and can accept, counter, or deny the offer
Seller Purchase Negotiation:
Seller receives and reviews offer. Seller can accept, counter, or deny the offer
Offer:
Buyer submits an offer
Under Contract:
Buyer & seller agree on price and terms and sign the sales agreement
Inspection Period:
Buyer schedules a professional inspection within 10 days
Inspection Contingencies:
Resolve any issues from inspections
Appraisal Gap Negotiation:
If an appraisal is low, the seller & buyer may need to renegotiate price or repairs
Appraisal:
The buyer's lender orders an appraisal for the loan
Earnest Deposit:
Buyer submits earnest money to title/escrow
Obtain Home Insurance:
Buyer shops for & secures homeowners insurance
Loan Underwriting:
The loan application is submitted and processed
Title Search:
Title company performs a title search to ensure seller's ownership
Final Walkthrough:
Buyer inspects the home before closing.
Closing Docs Issued:
Buyer receives final loan documents and costs from the lender
Contingency Removal:
All agreed conditions (financing, inspection, appraisal, etc.) are met and cleared
Ten Steps To Home
SIMPLIFYING THE JOURNEY
1.Consultation & Sign Agreement
We'll start with a consultation to understand your needs and goals. Then, we'll sign a Buyer's Agent Agreement, officially starting our collaboration and outlining how l'll represent your best interests.
2.Secure Financial Pre-Approval
Getting pre-approved for a mortgage is crucial. This step defines your budget, shows sellers you're a serious buyer, and gives you confidence during your search.
3.Define Your Dream Home
Let's talk specifics! We'll detail your must- haves, preferences for location, size, style, and features to create a targeted search profile for your ideal property.
4.Search for Properties
Using your criteria, I'll actively search the market, leveraging MLS access, network connections, and even off-market opportunities to find homes that fit your needs. You'll receive personalized alerts for new listings.
5.View and Evaluate Properties
Time to explore! We'll schedule showings for promising properties, allowing you to experience them firsthand, ask questions, and evaluate their potential to be your future home.
6.Craft a Competitive Offer:
Once you've found the right home, I'll provide market insights and guide you in structuring a strong, attractive offer designed to appeal to the seller while meeting your goals.
7.Negotiate Effectively:
Offer submitted! I'll use my negotiation Skills to communicate With the seller's agent, working to reach a mutually agreeable price and terms that protect your interests.
8.Secure Financing & Lock Rate:
With an accepted offer, you'll work with your lender to finalize your mortgage application, submit required documents, and lock in your interest rate.
9.Conduct Due Diligence
Protect your investment! We'll coordinate essential steps like the home inspection and property appraisal to assess the home's condition and confirm its value.
10.Close the Deal & Get Your Keys!
The final step! I'll guide you through the closing process, reviewing documents, coordinating with the title company, and ensuring everything is in order for you to receive the keys to your brand new home!