10 Steps To Buying A New Home [Video]

10 steps to buying a new home video

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

 

 

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
00:14
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
02:12
we’re gonna be there to just kind of
02:13
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
02:23
should be following up with you and
02:25
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
02:32
watching.
02:38

 

 

 

About the Author

Jason Fox

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Jason Fox is a father, a real estate broker, a marketing specialist, and a friend.Being born and raised in the Pacific Northwest he has a unique and interesting perspective on local real estate that he can't wait to share with you.Jason lives in the Meadowdale neighborhood and hopes to see you out walking, at the park, at the movies, on a trail, on Stevens Pass, on the beach, at a lake, at a Seahawks or Mariners game, or just commenting on the blog.

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