THE BUYING PROCESS

 -Most people find Realtors through personal referrals or internet searches for specialists in your area.

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

1) CHOOSE A REALTOR®
2) TALK TO A LENDER (unless you're paying cash)

-A lender will tell you how much money you qualify to be loaned, and what your monthly mortgage payments might be. 

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

3) LOOK FOR HOUSES 

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

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

4) PLACE AN OFFER TO BUY 

-Once you have figured out a price you want to offer, your Realtor will draft a contract and submit it to the sellers.

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

5) UNDER CONTRACT 

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

-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. 

6) INSPECTION

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

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

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

7) APPRAISAL

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

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

8) CLOSING

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

-PARTY TIME!