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beds

1 Bedroom

2 Bedroom

3 Bedroom

4 Bedroom

Buy a Home

Sell My Home

cost

Under $50k

$50k-$100k

$100k-$200k

$200k-$300k

$300k-$400k

$400k+

baths

1 Bath

2 Baths

3 Baths

4+ Baths

Rent

Sell

DetailPathway

This is the first stop when you are considering buying a home.  Find a reputable lender, preferably a recommendation from friends, family, or is highly rated online, showing reviews.  The lender will pull your credit, analyze your debt and assets and create a prequalification based on credit score, income and other determining factors.  They will issue a pre-qualification letter, which lets the seller know you are qualified to purchase their home.  Request an estimate of closings costs.

Websites such as Zillow and Realtor.com are usually the first stop for homebuyers searching for the perfect home..  Consider speaking to a REALTOR® who has tools that go beyond listing syndication.  The MLS is the most accurate and up-to-date tool for home searches, and only a REALTOR® has this access.  They can set up a search for you in Real-Time, which notifies you as soon as the right home hits the market. 

Your REALTOR® will arrange the showings for you, and it is a good idea for all decision makers to be present. Looking at homes can be the most fun of the entire process. But we don’t advise that you look at homes out of your price range, or outside of the parameters you set. If you focus on homes outside of your purchasing power, the perfect home might just fall into the hands of another buyer.

This is where the expertise of your REALTOR® will come in to play.  We are skilled in the art of negotiation and trained in writing offers.  If sellers are receiving multiple offers, they may be more attracted to the highest and best with regards to price.  Once an offer is accepted and both parties sign, you are officially under contract.  Earnest Money (and Option money if applicable) is delivered to the title company within three days.  At this time the backend processing begins – At this point you are one step closer to owning your new home.  

If you negotiate an option period, it begins the day after the executed contract date.  You will be advised by your REALTOR ® to order inspections including (but not limited to) home and WDI (termite) inspection.  Per your direction, your REALTOR ® will negotiate any needed remedies with the seller.  If parties are not able to come to an agreement on repairs, or if the buyer wishes to terminate the contract for any reason, you can freely do so during the option period and receive a refund of the earnest money.

There will be several things taking place simultaneously at this point.  Your lender will work with you to obtain your income and asset documentation.  Stay in close contact with your lender and follow their directions explicitly.  Any delays on your part could cause the transaction to not close by the date specified on the contract.

Your lender will order an appraisal to ensure the property value equals your negotiated terms.  Appraisal types can vary, based on your financing.  For example, Conventional vs. VA Financing.  If the home does not appraisee for the amount needed to satisfy lender requirements, your REALTOR will notify the seller and attempt to negotiate terms that are satisfactory for underwriting completion.

Underwriting means that your mortgage file will be reviewed to ensure all documentation and adheres to the lender guidelines.  If there is any additional documentation needed, the loan officer or processing team will send out a notification. It is your responsibility to obtain needed documentation and submit expediently to satisfy any outstanding requirements. Any delays on your part can affect time-sensitive contract dates and appointments that have already been set for closing, moving, etc.

After both buying and selling parties have signed all closing paperwork, the loan is funded.  Now you can move in!

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The Home Buying Process

Step 1

Get Mortgage Pre-Approval

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