Steps in the Home Buying Process

•    Select a lender.
•    Get pre-qualified or pre-approved.
•    Decide what you’re looking for in a home.
•    Choose a real estate agent.
•    Select a home.
•    Make a written offer, including contingencies for inspection, appraisal, and repair work.
•    Negotiate a final price, if necessary, and deposit earnest money into an escrow account.
•    Work with your lender to choose the best mortgage for you.
•    Apply for a mortgage or, if pre-approved, finalize your application. Within three days, you’ll receive a Truth in Lending Disclosure.
•    Hire an inspector to do a thorough inspection of the home.
•    Have the home appraised (work with your lender to schedule an appraisal).
•    Secure homeowner’s insurance.
•    A few days before the closing, request to review closing papers 24 hours prior to the closing.
•    As close to closing as possible, perform a final walk-through.
•    Attend the closing: sign the documents, make your down payment, and pay closing costs.
•    Move in!

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