Timeline of Buying a Home

First, you'll want to understand where you are today, want you want and when you want it to happen. 

Next, Partner with an Agent that you know, like and trust & make a plan!

1. Complete needs assessment. (We call this our D.N.A Meeting)

2. Know what your timelines are

3. Commit to your goal!

4. Sign any necessary documents to begin working with that real estate agent

5. Gather all necessary Financial documents

Then, Get Pre-Approved for a Loan

1. Apply with your local lender

2. Understand your debt ratio and what you can afford

3. Determine your monthly mortgage payment

4. Compare rates and products being offered if necessary!

5. Obtain a pre-approval letter

It’s Time to Find Your New Home!

1. Compare home and neighborhood averages, then narrow down the neighborhoods you want to live in

2. Favorite homes and save them to collections

3. Nix homes that don't meet the mark

4. Schedule home tours and plan an itinerary with your agent

5. Decide on your dream home

Make Your Offer & Negotiate The Terms

1. Review contract terms and time limit for offer

2. Negotiate purchase price

3. Choose a closing attorney/ title company

4. Shop home insurance options

5. Prepare for down payment, earnest money

6. Choose a target closing date

7. Sign the offer

8. Deliver escrow check

9. Stay in close contact with your agent

Don’t Forget to Track Important Dates and Offer Contingencies

1. Home Inspection Due Date

2. Purchase and Sale Due Date

3. Home Appraisal

4. Mortgage Contingency Due Date

5. TRID 3 days prior to closing (what is TRID? More information on TRID here)

6. Clear to Close issued

7. Closing

   
   

   
   

The transaction could take a little as 45 days, but has an average of 4 months. This is all dependent on market conditions and homebuyers flexibility. Are you aware of the market conditions locally and how long it may take you? Message us today lets talk about your timeline.