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

 

 

 

10 Steps To Buying A Home With A Realtor

 

VIDEO TRANSCRIPT

hi everybody I’m Joe Kiser and I’m
00:01
Jason Fox we are The Madrona Group real
00:04
estate team. Today we’re going to talk about
00:06
the 10 steps to the home buying process.
00:11
this can be a little bit intimidating
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especially if you’re a first-time
00:15
homebuyer.
00:15
we want to try to help simplify so
00:18
we broke it down to ten
00:19
basic steps. the first is securing
00:22
representation that’s us, but
00:25
along with that we also want to make
00:27
sure we find the right lender for you
00:29
because that’s an integral part of our
00:31
team. step two is negotiating the
00:33
offer. so once you find that house it’s
00:35
important that you have somebody on your
00:37
side looking out for your best interests.
00:40
step three is the purchase and sale
00:42
agreement. once we’ve arrived at the
00:44
house that you want to purchase and we’ve
00:46
come up with the terms that you’re okay
00:49
with we’re gonna put that on what’s
00:50
called a purchase and sale agreement or
00:52
the contract. once we have the offer
00:54
secured the next step is a home
00:56
inspection. that’s where we hire somebody
00:58
to go out and inspecty the home who will
01:00
deliver a full report that we can look
01:01
over and decide if we want to continue
01:03
moving on with the process. the fifth
01:06
step really is to continue to monitor
01:07
you and help you through the rest of the
01:09
transaction process. there’s a lot of
01:11
moving parts now we’re working with
01:13
lenders, appraisers, inspectors and
01:16
we need to make sure that you’re still on
01:17
on the right course. the sixth step is
01:20
fulfilling the loan commitment. that’s
01:22
where you’re gonna be in contact, and
01:24
we’re gonna assist you, with making sure
01:26
that all the documents are getting to
01:27
the lender as they need to keep the
01:29
process moving forward.
01:30
now we’re at step 7 that’s the appraisal.
01:34
what that is is when the bank actually
01:35
sends a third party person to go
01:39
out and evaluate the value and condition
01:41
of the home that you’re purchasing to
01:43
make sure that the lender is going to
01:44
secure financing on it. next is title and
01:47
escrow. initially a title was ordered so
01:49
that we could make sure that the
01:50
property was clear of any enchroachements
01:52
or liens. escrow is the party that’s
01:56
going to actually collect all the
01:57
paperwork and form a neat little file
01:59
and then bring you in for closing at the
02:01
end and file the deed to County for
02:04
record. now we’re at the final week of
02:06
closing. you’re getting ready to get your
02:08
keys you’re gonna be getting calls from
02:10
people at escrow to come in and sign and
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we’re gonna be there to just kind of
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make sure that you know where to be and
02:15
when to be there.
02:16
finally the post closing services.
02:19
congratulations!! this is where your agent
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should be following up with you and
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staying in contact with you for any the
02:26
questions and needs that you might have
02:28
after the process
02:29
completes. awesome, thanks guys. thanks for
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watching.
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