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THE BUYING PROCESS

1) CHOOSE A REALTOR®
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 -Most people find Realtors through personal referrals or internet searches for specialists in your area.

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       -Before deciding, set up a meeting to determine if the Realtor is a good fit for your needs. 

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2) TALK TO A LENDER (unless you're paying cash)
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-A lender will tell you how much money you qualify to be loaned, and what your monthly mortgage payments might be. 

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-If possible, you will also want to get pre-approved for a loan so you can make a stronger offer.

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3) LOOK FOR HOUSES 
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-Search for places on the online marketplace or MLS (multiple listing service).

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-Schedule "showings" where you can walk through a house with your Realtor.

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4) PLACE AN OFFER TO BUY 
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-Once you have figured out a price you want to offer, your Realtor will draft a contract and submit it to the sellers.

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-The sellers may accept, deny, or negotiate in the form of a counter offer.

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5) UNDER CONTRACT 
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-When both parties sign the agreed upon terms and price, they are locked into a purchase agreement until closing (usually 30 days later).  

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-Don't worry! There are several safeguards to protect a buyer if there is something wrong with the home, the loan, the title, or the insurance. 

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6) INSPECTION
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-An inspector checks the entire house for any defects or needed repairs.

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-The Buyers submit an inspection objection asking the Sellers to make repairs or give additional money.

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-The Sellers respond with an inspection resolution, which states which repairs they are willing to make or pay for. 

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7) APPRAISAL
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-A state licensed appraiser checks the house to determine its value. 

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-The appraiser is hired by lender because they want to make sure the house is worth what you've agreed to pay for it.

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8) CLOSING
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-Buyer and Seller exchange money for possession of the home.

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-PARTY TIME!

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