The Home buying Process

1.  Get pre-qualified to establish your price range.
2.  Visit properties and find your dream home. Working with your real estate broker to determine your location, visit properties and discover your dream home.
3.  Write an Offer to Purchase  
4.  Upon acceptance of your Offer, complete your Mortgage Application. 
5.  Sign your Mortgage Application and the lender orders a property appraisal. The appraiser then determines if the accepted sales price meets the lending requirements.
6. Property inspections are completed and repair issues are negotiated with the seller.
7. Select homeowner’s insurance and have your insurance
 
8. Your loan is reviewed and underwritten locally by Lender. 
9. Inspection report(s), appraisal and application documents are brought together to create your “Closing Package.” Once any conditions have been satisfied, all your documentation is in hand and your appraisal has been received, our underwriters will approve your Package for closing. Also, during this time, your home owners insurance company will need the appraisal to bind your insurance. 
10:  Your Closing Package is sent to the attorney to closing and the HUD-1 statement is drawn up for approval by both you and the seller prior to closing. The amount of funds needed for closing are on the HUD-1 and a check in Certified Funds should be made payable to the closing attorney.
 
11.  Your home closing typically takes place at the closing attorney’s office, where closing documents are signed and your purchase is completed. Depending on the time of day, the closing may not be recorded by the courts until the following day. In this case, you may not receive the keys until it is recorded, so check with your agent if you have any questions.