Meet with a Mortgage Professional to get Pre-Approved for a loan. (No Cost)
Meet with a Real Estate Agent. (No Cost)
Begin the actual home search. (No Cost)
Once you have found “the one” and your offer is accepted.
There is an initial deposit to bind the offer. This is only paid IF YOUR OFFER IS ACCEPTED. The amount can vary but is typically between $500 and $2,000. This deposit goes towards your total down payment.
Hire a Home Inspector and schedule the inspection. $400 - $500 +/- depending on size of home.
Hire a Real Estate Attorney.$600 +/- payable at the closing
Attend the home inspection. (No Cost)
Your agent can negotiate further if there were deficiencies found in the inspection. (No Cost)
You also have the right to withdraw and get your deposit back if issues are too big.
Submit your offer to your Mortgage Professional. Confirm the Mortgage Commitment Date is feasible. (No Cost)
Review the draft of the Purchase and Sale Agreement (P&S) with attorney.(No Cost)
Sign the P&S and put down your second deposit.
This Deposit is refundable if the terms of the P&S cannot be met or you cannot get a Mortgage Commitment by the date specified in the P&S. Typically, the first and second deposits will equal 5% of the
Your Lender will schedule the Appraisal. $400 - $500 +/-
Work with the Lender on final documentation. (No Cost)
Schedule your Move. (Costs vary)
Contact Utility Companies to arrange service for your Move-In. (No Cost)
Obtain a Homeowner’s Insurance Policy. $1000 +/-
Schedule the exact time and place of the closing with your Attorney’s office. (No Cost)
Schedule a final walk-though of the home with your real estate agent. (No Cost)
Review the Closing Disclosure with your Mortgage Professional. (No Cost)
Obtain a Bank Check for any funds due from you at closing.
Costs vary depending on total down payment and final closing costs.
Attend the closing and sign the loan paperwork. (No Cost)