Buying a home or portable buildings can be a daunting process. You need to know all it entails for a great buy. You need not worry, our home buying process / flowchart will take your through.
A
Initial Consultation
- Agency Disclosure
– Overview of buying process
– Buyers needs and wants
– Financial qualifications
Representation Agreement
- Services and fees
– Client and agent obligations
Mortgage Application
- Select lender/mortgage
company
– Initiate application process
– Get pre-approval from
lender
Select Location
- Town profile
– School system
– Tax rate
– Growth rate
– Appreciation potential
Property Search
- Multiple Listings (MLS)
– For sale by owner
– New construction
– Auction/bank owned
B
Pre-offer Search
- Property Analysis
– Property history (list/sale)
– Zoning/deed restrictions
– Opinion of value
Offer Strategy
- Price and terms
– Contingencies
Offer Presentation
Offer Acceptance
- Binder deposit required
Home Inspections
- Analyze results
– Renegotiate if necessary
Schedule Appraisal
P & S Agreement
- Preparation
– Review by attorney
– Additional deposit
required
C
Finalize Mortgage Application
Loan Approval
- Obtain commitment letter
from lender
– Notify seller/seller’s agent
Work by Lender’s Attorney
- Title search
– Obtain municipal lien
certificate
– Assemble paperwork for
settlement
Coordinate Closing Details
Final Property Walk Thru
- Day of closing
Closing
- Sign documents
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