Buyer and agent review purchase parameters
Buyer is loan Pre-approved
- Review Agency disclosure; confirm buyer/agent relationship
- Review buying process; market conditions
- Discuss customary disclosures and reports
- Review contract & decisions when making offer
- Discuss inspections and selection of inspectors
Market education; viewing property & related disclosures
Select home to buy; review disclosure package
- Write offer
- Prepare closing net sheet
- Sign disclosures
- Obtain preliminary insurance eligibility
- Schedule tentative inspections
- Discuss possible responses from seller
Offer presented to seller
Negotiation of offer
Purchase Contact Accepted
- Initial home inspection done with buyer present
- Receive seller disclosures not in disclosure package
- Determine whether any additional inspections are warranted
- Perform additional inspections
- Obtain homeowner’s insurance
Review inspections and subsequent disclosures
- Escrow opened
- Deposit sent to title company
- Contract to lender
- Appraisal scheduled
Property Appraisal Occurs
- Accept disclosures & inspection reports
- Request for repairs to seller
- Negotiate request for repairs
- Remove contingencies
- Increase deposit
- Final loan approval
- Remove loan contingency
Final property Walk-through
Sign Closing & Loan documents
Deposit balance of down payment and closing costs
Deposit balance of down payment and closing costs
- Loan funding
- Title recordation
Close Escrow
Obtain Keys!
Post-Closing Follow-Up
Buyer evaluation of
Agent Services
Obtain Keys!
Post-Closing Follow-Up
Buyer evaluation of
Agent Services