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Your Buying Outline

 The Six Steps of Buying Your New Home

1) Your Mortgage Lender

  • Contact a mortgage lender

  • Determine your credit score

  • Determine how much you can borrow vs can afford

  • Determine how much you have for a down payment

  • Determine how much you have for a deposit (generally 1% of purchase price)

2) Your Professional REALTOR

  • Contact a licensed REALTOR

  • Determine a timetable

  • Review possible fees and costs

3) Your Home Search

  • Determine your ideal location

  • Determine your needs vs wants

  • Setup home search access

  • View homes

4) Your Offers

  • Determine home(s) to place an offer on

  • Determine price and down payment to be offered

  • Determine desired length of escrow

  • Write and place offer(s)

  • Negotiate counter offer(s) as needed

5) Your Escrow Period

  • Day 1) Enter into escrow

  • Day 2) Escrow determines preliminary cost worksheet

  • Day 3) Deposit given to escrow

  • Day 5) Setup desired inspections (pest, roof, general)

  • Day 10) Lender orders appraisal

  • Day 17) Inspection completed and request repairs if needed

  • Day 21) Appraisal completed and loan secured

  • 3 Days Before Close) Verify all repairs are completed

  • 2 Days Before Close) Meet with lender to finalize loan

  • 1 Day Before Close) Meet with escrow to sign final documents

6) Your New Home

  • Move into your new home!!!