The Purchase Process



Select an Agent                                                                                                                                                                                                                  

√  Review recommendations and local agents                                                                                       Home Search

√  Interview and select  your agent

√  Review and sign any upfront paperwork

√  Get references for mortgage brokers

√  Begin review of financing options



√  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


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

Real estate sale


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


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


√  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

loving couple looking at their home
loving couple looking at their home

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

house keysFinal 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

Close Escrow

√  Receive closing confirmation

√  Get Keys

√  Move In!