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Talk to a Lender to
put you in a comfortable price range. You don't
want to find the home of your dreams and find out you
don't qualify. You are under no obligations to that lender.
Let them know you would like a pre-approval letter stating
that you qualify for a loan. |
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Contact a Realtor® to do the searching
for you. Make a list of what you most want in
a property. i.e. size, lot, bedrooms, garage etc. |
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Your Realtor® will take you to
view the properties that most match your criteria. TIP: Make notes...after seeing a few
properties, details will start to get fuzzy. |
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Make an offer! After you
decide on a property, your Realtor® will help you make
on an offer by giving you information such as recent sales
in the area. |
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Put your money in escrow. Once
you and seller agree on a price, in most cases your agent
will deposit your earnest monies with an escrow company.
You will then have a "due diligence" period
to conduct your inspections and make sure the property
is in proper condition. |
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Title and Closing! A title
company examines the chain of titles (previous owners)
to insure that there are no problems with obtaining clear
title to the property. Your Lender will then require an
appraisal to confirm that the home for which they're providing
you a loan is in fact worth the amount you're paying.
The escow company will then handle the transfer of funds
once everything is approved. That's it. You will receive
your keys as soon as the property records in your name. |
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Search the MLS for homes |
