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8 Steps to Close the Deal –
The Purchasing Process

Step 1: Get your finances in order

It is important to know what your credit report means and what is says about your financial history before you apply for a mortgage. The report plays an important role in the mortgage approval process and in determining the interest rate and other loans offered to you.

Step 2: Get pre-approved for a mortgage

We can help you understand how much you may qualify to purchase, however, an offer on a home with pre-approval documents from a lender is much stronger than an offer without them.

Step 3: Determine your wants and needs

Buying a home isn’t as complicated as you might think; however, the process will go much more smoothly if you are familiar with your real estate market and are able to narrow down your wants and needs before you start looking at houses. However, we understand that you may be new to the area and can help you better understand the market and what choices you may need to consider.

Step 4: Start searching for a home

Together, we will find the right home for you. We will send you multiple listing sheets to look over and determine which homes you would like to view. We can discuss the best way to narrow down, preview or search for prospective properties.

Step 5: Make an offer

Once you decide on the perfect home for you, we will prepare a purchase agreement with the stipulations that are specific to your situation. This will begin the negotiation process. During this time, we will work to settle on the best possible terms for you.

If your offer is approved…

Step 6: Get a home inspection

Most likely you will want a home inspection. There are many home inspection options and we will go over those that are available to you and the advantage of each. Typically, the inspection costs are the responsibility of the buyer, but this information is invaluable.

Step 7: On the way to closing

During the transaction, checking on progress throughout the process is key. Working to provide your lender with necessary paperwork and ensuring all the information is correct will avoid any potential, last minute issues.

Step 8: Closing. It’s yours!

Closing, also called settlement, is the actual transfer of ownership. Our agents will schedule your closing and help you understand all the paperwork during this process.