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

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