Joe and Jason Summarize The Home Buying Process in 10 Steps
We know that buying a new home, especially in the current sellers market can be intimadating, and if you are a first time home buyer you may not know where to start.
We hope that our video can help simplify the process or at least gives you a great summary so that it feels less stressful.
This is a part of our Home Buyer Presentation series.
If you are interested in seeing the flow chart and learning more about How to Buy A Home visit our buying page.
10 STEPS TO BUYING A HOME WITH A REALTOR – INFOGRAPHIC
hi everybody I’m Joe Kiser and I’m
Jason Fox we are The Madrona Group real
estate team. Today we’re going to talk about
the 10 steps to the home buying process.
this can be a little bit intimidating
especially if you’re a first-time
we want to try to help simplify so
we broke it down to ten
basic steps. the first is securing
representation that’s us, but
along with that we also want to make
sure we find the right lender for you
because that’s an integral part of our
team. step two is negotiating the
offer. so once you find that house it’s
important that you have somebody on your
side looking out for your best interests.
step three is the purchase and sale
agreement. once we’ve arrived at the
house that you want to purchase and we’ve
come up with the terms that you’re okay
with we’re gonna put that on what’s
called a purchase and sale agreement or
the contract. once we have the offer
secured the next step is a home
inspection. that’s where we hire somebody
to go out and inspecty the home who will
deliver a full report that we can look
over and decide if we want to continue
moving on with the process. the fifth
step really is to continue to monitor
you and help you through the rest of the
transaction process. there’s a lot of
moving parts now we’re working with
lenders, appraisers, inspectors and
we need to make sure that you’re still on
on the right course. the sixth step is
fulfilling the loan commitment. that’s
where you’re gonna be in contact, and
we’re gonna assist you, with making sure
that all the documents are getting to
the lender as they need to keep the
process moving forward.
now we’re at step 7 that’s the appraisal.
what that is is when the bank actually
sends a third party person to go
out and evaluate the value and condition
of the home that you’re purchasing to
make sure that the lender is going to
secure financing on it. next is title and
escrow. initially a title was ordered so
that we could make sure that the
property was clear of any enchroachements
or liens. escrow is the party that’s
going to actually collect all the
paperwork and form a neat little file
and then bring you in for closing at the
end and file the deed to County for
record. now we’re at the final week of
closing. you’re getting ready to get your
keys you’re gonna be getting calls from
people at escrow to come in and sign and
we’re gonna be there to just kind of
make sure that you know where to be and
when to be there.
finally the post closing services.
congratulations!! this is where your agent
should be following up with you and
staying in contact with you for any the
questions and needs that you might have
after the process
completes. awesome, thanks guys. thanks for