01.

Getting Pre-Approved

It’s important to know how much home you can afford, what type of down payment to budget for, monthly mortgage payment as well as what type of loan program you’ll use to finance the new property.

 A personal consultation with a trusted mortgage professional should address all your initial loan approval questions, as well as uncover any potential challenges that can complicate the entire transaction.

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02.

House Hunting

Once you know your budget, have the right partners in place and are preapproved for your loan, now you start shopping for and visiting homes.

You will now want to enlist a real estate agent to guide you on your way. Buyer’s agents can help you vet properties, negotiate offers, and recommend other professionals you may need during the process.

03.

Offer & Acceptance

Assuming that you’ve already received a mortgage pre-approval and have a good understanding of the type of property you are qualified to purchase, your agent will submit your purchase offer to a listing agent or seller.

Once you receive an accepted offer, the due-diligence period starts a series of timelines for final mortgage approval, appraisal, inspections and other requirements which would be stated in the terms of the contract.

04.

Closing Day

A successful closing requires all of the team players to come together at the same time, with the same agenda, on the same date…. with numbers and figures that match. Once a transaction has closed successfully, you are the proud owner of your new home.