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Home Buying Process

 

Our overview of the home buying process will help you mentally prepare. Each step refers to another Fearless Homebuyer Lesson which will fill in the details for you.

 

City Trends Realty Step by Step Home Buying Process

 

Day 1   Meet with your Buyer’s Agent to discuss your plans.

Day 2   Consult with your Mortgage Pro and get Preapproval. 

Day 3   Select the right mortgage. 

Day 4   Determine your needs and wants. 

Days 5-30   View & evaluate available homes.

Day 31   Select a home and write an offer.

Days 32-33   Negotiate price & terms.

Day 34   Congratulations, your offer is accepted!

Day 35   Contact your Mortgage Professional with a copy of the sale    agreement.

Days 39-40   Have inspections.

Days 41-44   Negotiate to have seller make repairs found in inspections.

Days 41-44   Closing & Title activities are coordinated.

Day 45   An appraisal is ordered by your Mortgage Professional.

Day 47   You’ll need to order Homeowners Insurance, also  called Hazard Insurance, or Fire Insurance.

Day 55   Review completed repairs.

Day 56   Remove contingencies.

Day 58   Sign loan and closing documents.

Day 59   Documents are reviewed for final loan approval.

Day 60   Transaction is closed & you own the home.

Day 60-62   You get possession of your new home!

*Although 60 days is doable, it may take you more or less time to find a home and to go through the whole closing process. Don’t worry if you look for homes for several months to become comfortable with what homes are available. Real estate often has more than one word for things so you may hear varying names for various steps in the home buying process. Keep the place you’re in for at least a week after your proposed close date in case there are closing delays.

Thank you for visiting today. If this is your first visit, take your time and look around. I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.

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