GE REAL ESTATE HOME BUYER’S ROADMAP
Buying a home is an important purchase but it doesn't have to be stressful. Being in the real estate business, we help home buyers make their dreams come true all the time. And it got us to thinking. How can we make the process less stressful and guide our clients through the process? This home buyer’s roadmap does just that and will guide you step by step through the process of purchasing your dream home.
1. Initial Consultation With Your Local Agent
Write out your home needs and wish list
Prioritize your needs and wants
Find a local market expert
Get guidance and get educated
Sign a Buyer's Brokerage Agreement
2. Get PreApproved For a Home Loan
Speak with a Lender. We here at Gailey Enterprises have some great suggestions we can make for possible lenders.
Credit check
Obtain preapproval from your lender of choice
Formal commitment by the lender to extend credit
3. Start Your Home Search
Set up a custom home search
Discuss needs and wants with your agent
Select homes you are interested in
View homes
4. Make An Offer On Your New Home
Strategize and prepare a strong offer based on current market trends
Seller concessions
Closing date
Contingencies
Earnest money
Review and present an offer
5. Contract Negotiation & Acceptance
Negotiate any counter-offers
Agent and buyer work closely
The goal is to have a win/win for all parties involved
Execute contract
6. Contract Deadlines
Monitor all deadlines
Inspect the property
Renegotiate any items on the contract if needed such as inspections, title, and appraisal.
7. Loan Process
Submit all required documentation
Appraisal
Secure underwriting approval
Do not make any large purchases
Final credit check
8. Closing
Title work
Lender loan funds
Deed is recorded
Cash at closing as wire or certified check
Receive Keys
9. Move Into Your New Home
Transfer or establish utility services
Submit a change of address
Take possession of your new home