HOME BUYING PROCESS – AN OVERVIEW

1. Select Your Agent and Establish a Relationship

I am a full time, professional agent with extensive market knowledge. 
We will work closely together to find the right home for you.

2. Initial Consultation with Your Agent to Evaluate Your Needs and Resources

Once I establish your needs, I will provide guidance to good financial institutions,
where you can obtain information in order to get the best financing available. 
We will meet to discuss your needs and analyze your resources.

3. Identify the Property to Buy

I will show you homes based upon the criteria that we establish.
The more precise and direct you are with me, the more successful our search will be.

4. Determine Seller’s Motivation

Once you have found the home that you wish to purchase, I will do the necessary research
to help you structure an effective offer.

5. Write an ‘Offer to Purchase’

I will draft the Purchase Agreement for you, advising you on protective contingencies,
customary practices, and local regulations. 
At this time you will need to provide an “earnest money” deposit,
usually from 1% to 3% of the purchase price
(the deposit is not cashed until your offer has been accepted by the Seller).

6. Presentation of the Offer

I will present your offer to the Seller via the Seller’s agent. 
The Seller has three options:
They can accept your offer, counter your offer, or reject your offer. 
My personal knowledge of your needs and qualifications will enable me to represent
you in the best way possible.

7. The Seller’s Response

I will review the Seller’s response with you. 
My negotiating skills and knowledge will benefit you in reaching a final agreement with the seller.

8. Opening The Escrow

When the Purchase Agreement is accepted and signed by all parties,
I will open escrow for you.  
At this time your earnest money will be deposited.  
The Escrow or Title company will receive, hold, and disburse all finds associated
with your transaction.

9. The Contingency Period

This is the time allowed per your Purchase Agreement;
To Obtain Financing and Insurance;  Perform Inspections,
and to satisfy any other contingencies to which your purchase is subject.

Typical contingencies include:

• Approval of the Seller’s Transfer Disclosure Statement

• Approval of the Preliminary Report from the Title Company

• Loan approval, including an appraisal of the property

• Physical inspections of the property

• Pest inspection and certification

10. Homeowner’s Insurance

I will coordinate between your Insurance Agent and the Escrow Officer
to make sure your policy is in effect at close of escrow.

11. Down Payment and Escrow Closing Funds

You will need a Cashier’s Check or a Money Transfer
in the Exact Amount specified by the Escrow Officer,
several days prior to the closing date of escrow.

12. The Close of Escrow

When all of the conditions of the Purchase Agreement have been met,
You will sign your Loan Documents and Closing Papers.

You will deposit the balance of your Down Payment and Escrow Closing Costs 
with the Escrow Officer, and your Lender will deposit the balance of the Purchase Price.

The Deed will then be recorded at the County Recorder’s office;
And you will take ownership of your home.

  TAKE A TIP FROM ME:

Arrange For Movers At Least 2 Weeks Before The Escrow Close Date  
I can offer suggestions to you, so you can shop for the best price.