Buyers Guide

1. Select an Agent 

√  Review recommendations and local agents

√  Interview and select your agent

√  Review and sign any upfront paperwork

√  Get references for mortgage brokers

√  Begin review of financing options

2. Prequalification

√  Run a free credit report on yourself

√  Interview mortgage brokers

√  Figure out how much you can afford

√  Determine which loan package is right for you

√  Select a mortgage broker

√  Fill out application and provide documentation

√  Get pre-approval letter confirming loan details

3. 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

√  Preview homes and explore neighborhoods

√  See lots of homes and refine the best options

4. Purchase Offer

√  Identify a home you want to purchase

√  Discuss offer options, strategy and competition with
your agent

√  Determine offer details (price, financing, inspections, closing, etc.)

√  Agent to write and submit the offer and review response with you

√  Negotiations until an accepted offer

5. Open Escrow

√  Receive a copy of the ratified contract

√  Agent to open an escrow account

√  Deposit earnest monies

√  Review timeline and milestones in the offer

√  Initiate next steps in financing process

√  Take steps to meet all contractual obligations

6. Inspections

√  Agent to schedule all inspections

√  Meet the inspectors at the property for inspections

√  Review seller disclosures, inspection reports and agent visual inspection

√  Make requests and schedule any follow up inspections with your agent

√  Determine next steps with your agent

7. Secure Financing

√  Agent to provide mortgage broker with ratified contract

√  Buyer to provide additional requested documentation

√  Appraisal ordered and performed

√  Review appraisal results

√  Provide any follow up requests from the lender until final sign off

√  Receive final approval letter

√  Determine next steps with your agent

8. Final Processes

√  Continue to review all required contractual and
legal obligations

√  Review timeline and contingencies (conditions) of
the contract

√  Continued negotiations if applicable

√  Secure a Homeowner’s Insurance Policy

√  Sign all final paperwork

√  Sign loan and required documents through the
title company

√  Deposit remaining funds for down payment and closing costs

9. Close Escrow

√  Receive closing confirmation

√  Get Keys

√  Move In!