TEN STEPS TO HOME OWNERSHIP
 |
- Select a real estate professional who knows
the area in which you would like to live.
- Meet with your agent to discuss your needs
-- location, size, style, special features, etc.
- Ask your agent to arrange a meeting with
a knowledgeable lender to determine your buying power.
- Your real estate agent will then help you
select neighborhoods in your price range.
- Your real estate representative will preview
homes, select those which most closely meet your needs, and
arrange to tour these homes with you.
- After you have found your perfect home,
it's time to make a written offer. Your agent will prepare the
offer, and present it to the seller. Your offer may be accepted
or the seller may write a counter offer.
- After an agreement is finalized, escrow
will be opened and your deposit check will be deposited into
the escrow trust account.
- Apply for your home loan through the lender
that offers the most favorable qualifying process and loan rates.
Your representative will assist you in this process.
- You'll review the escrow instructions,
each of which must be signed by both buyer and seller. Your
real estate professional will guide you through the transaction
and monitor its progress.
- Shortly before closing, your escrow officer
will notify you that final documents are ready for signing and
inform you of the amount of money required for your closing
costs.
When all steps have been completed, it's official. You're a
homeowner!
Back to Tips
for Buyers
|
Equal Housing Opportunity, Equal Opportunity Employer.