The Buying Process

At a quick glance, the buying process will involve the following:

• Initial Interview – Determine wants vs. needs.

• Get pre-approved by a lender 
– And obtain a pre-qualification letter from the lender; complete loan application, finish necessary documentation.

• Property tours
 – Show you available homes that suit your needs, fine tune your searches, attend open houses, educate you about the current market.

• Target that “perfect” home to write an offer – Writing an offer will take 1-3 hours.  You will be asked to provide a verification of funds to close among other items to present with your offer.

• Your offer is presented to the Seller – In presenting your offer, I will highlight the strengths of your offer and your strengths as a buyer. Your offer is countered, accepted or rejected at this point.

• Counter Offer – The counter offer is discussed and prepared.

• Escrow – Once an offer is accepted, your earnest money is deposited with the Title Company by check or wire.

• Contingency Period – Buyer receives and approves Seller’s Real Estate Transfer Disclosure Statement, and other seller disclosures. Buyer approves Preliminary Title Report. Applicable physical inspections are completed.

• Homeowners Insurance Coverage – Buyers obtain Homeowners Insurance Policy for their new home.

• Signing documents at the Title Company – Buyers need to bring current photo identification to sign notarized loan documents at the Title Company.

• Down payment and closing funds – The escrow officer provides you with a Buyer’s Estimated Closing Statement which itemizes your costs and advises you of total monies due. Buyer brings a cashier’s check to Title Company at least 24 business hours prior to closing.

• Funding – The lender completes final audit of documents and then sends funds to Title Company.

• Close of Escrow – The deed is recorded at the County Recorder ’s Office by the Title Company. You will receive your copy in approximately six weeks. Keys are transferred from seller to buyer.