Ashley Whitney
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B UYE R Checklist
Ready . . . Set .. . SHOP Budget Considerations
PRE APPROVAL
• Speaks with a lender about your affordability range
• Deter mine your right mortgage
• Address any credit issues
• Get a pre-approval letter
HOME SHOPPING
• Discuss your criteria with your Realtor
• Tour listings in your price range
• Adjust criteria if needed
OFFER & NEGOTIATE
• Your Realtor will research & discuss comparables
• Submit a strong offer to seller
• Negotiate ter ms of contract
• Sign contract
• Pre-Closing walk-through
• Send funds to title company
DUE
DILLIGENCE
• Realtor will schedule the home inspection
• Lender will schedule the appraisal
• Negotiate any needed repairs
• Begin title exam with Title Agency
• Finish loan process with Lender
DOWN PAYMENT
Your lender will consult with you on the down payment required for the home you’re looking to purchase.
APPRAISAL
A Home Appraisal is a process through which a real estate appraiser deter mines the fair market value of a home.
INSPECTION
inspects the home to ensure it’s in good condition. EARNEST MONEY
and proceed to open escrow.
CLOSING COSTS
Closing costs are expenses you pay to your lender in exchange for loan services and to the title company to facilitate the closing (Typically 3% of Sale Price)