Home Buying Process...
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Exclusive
Buyer's Agent
Represents Buyer 100% of the time
Traditional
Agent
Represents Seller all of the time
Dual Agent
Represents both Seller and Buyer at the same time
Transaction
Facilitator
Represents neither Buyer nor Seller
Buyer's
Agent in Traditional Firm
Sometimes represents Seller, sometimes Buyer
Designated
Buyer's Agent
Represents Buyer or Seller in a specific transaction. Broker is a Dual Agent |
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STEP
1. Pre-Qualification
Determines purchasing power; defines price range
STEP 2. Needs and Wants
Set priorities for size, location, style, features
STEP 3. Select Search Areas
Preview information on available homes
STEP 4. Review Comparable Sales and Tax Data
STEP 5. Drive-by Tour of Homes
STEP 6. Tour Selected Homes with Agent
STEP 7. Writing an Offer
Strategy, negotiation, financing, contingencies, inspections |
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Mortgage
Application
Requires credit check, home appraisal
Settlement Schedule
Deadlines for inspections, approvals, insurance, settlement
Professional Home Inspection
Buyer & Agent should be present
Select Settlement Attorney
For title search, title insurance, settlement statement
Mortgage Approval
Takes approximately two to four weeks
Obtain Homeowner Hazard Insurance
Lender requires
Termite Inspection
Recommend that Buyer arranges and pays for
Notify Utilities
Final Walk-through Inspection |
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