Road To Home Ownership

1. Find an Experienced Local Realtor<br><br>2. Consult With a Lender<br>-Discuss Budget<br>-Obtain a Preapproval Letter<br><br>3.Discuss Needs/Wants With Realtor<br><br>4. Select Properties To Look At<br>Should be based on<br>Budget Needs Wants= Perfect Home<br><br>(When You Find The Home of Your Dreams)<br><br>5. Time To Put in An Offer<br>-Always review market data for price analysis<br>-Double check with your lender<br>-Review all documents including disclosures/ inspections<br>-Earnest money due<br>-Decide on a closing date<br>-Sign & Submit offer to seller/ seller’s agent<br><br>6.Negotiating (Sometimes Playing Hard Ball)<br>-You have options, talk with your realtor about closing fees, repairs, closing date.<br>-This is the time to discuss your deal breakers and features that could sweeten the purchase<br><br>7. The Contract<br><br>-Attorney will review<br>-Review all inspection reports<br>-Financially committing<br>-Title work begins<br><br>8. Loan Processing<br>-Sign all documents, finalizing your application<br>-Get loan disclosures<br>-Appraisal<br>-Set up insurance<br>-Receive the mortgage commitment<br>-Review the closing disclosure<br><br>9. Closing On Your Home- The Day is Finally Here!<br>-Must have photo ID<br>-Funds need to be present either check or wire<br>-Setup utilities, perform a final walk-through <br>-Get the keys to your new home!<br><br>10. Post-Closing<br>Move in- and enjoy your new house!<br>

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