Overview of Buying Process

A General Overview of What To Expect When Purchasing A Home

• Interest in purchasing a property

  • Get Pre-approved for a home loan
  • Determine “wants” and “needs” for new home
  • Determine area and city(s) of interest

  

• Look at properties

  • Select a home
  • Submit an offer
  • Counter offer between Buyer and Seller
  • Offer accepted by Seller and Buyer

  

• Open Escrow

  • Buyer submits initial deposit check (typically 3%)
  • Buyer review’s property disclosures (from Seller, HOA, etc.)
  • Buyer hires property inspector and any other neccessary inspector to satisy their needs and concerns
  • Termite Inspection (may apply)
  • Appraisal (may apply)

  

• Escrow Process

  • Buyer reviews and signs off on all disclosures and inspections
  • Buyer signs Escrow paperwork
  • Buyer wires remaining funds to escrow (may apply)
  • Buyer signs Loan Documents (may apply)
  • Escrow Company and Title Company wire funds from Buyers escrow account to Seller and/or Sellers Lender

  

• Close Escrow

  • Buyer received keys