Overview of Buying Process
Buyer:
- Considers the purchase of a home.
- Selects a real estate agent.
- Determines needs and wants.
- Discusses Financial Issues.
- Views and researches target homes.
- Makes an offer to buy.
- Offer Accepted
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Loan Application
- Inspections
- Title Search
- Appraisal
- Loan Approval Closing Papers Signed
- Documents Recorded
- Funds Available to Seller
- Buyer Moves In
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It’s a good idea to get preapproved for a loan if you’re seriously looking to buy a home. Once you’re preapproved, you’ll have a commitment from a lender, so you can make an offer on a home with confidence.
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