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Process of Buying a Home

The Home Buying Process

During the initial interview, you’ll share your expectations and learn about the process of buying a home.  You’ll obtain valuable market knowledge about areas, prices, financing, your qualifications, and normal procedures. Considering your wants, abilities and needs, you decide on price size, style and area.  At this point, we will begin the search to find your new home.

A strategy for a successful purchase is to apply for pre-approval prior to finding a home. Negotiating a contract with a loan commitment can be advantageous to you. There are specific things necessary to make a loan application, and assembling them can take some time. It is recommended to begin the loan process before anything else.

Formulating and Offer
When you find the right home, you will want to make an offer to purchase.  This is done in writing, specifying every detail that is part of the agreement. There are standard state forms that we will use to prepare your offer. The last step is to sign all of the loan papers at the time of settlement. You will need to pay the balance of your down payment and your closing costs at this time.  Usually, a cashier’s check is required for these funds.