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Home Buyer’s Process Step-by-Step (Part 2 of 2)
Home Buyer’s Process Step-by-Step (Part 2 of 2)
Posted on 07/21/2013 to Real Estate - Buyer
Home Buyer’s ProcessStep-by-StepThe home buying process can be complex. These key steps are the critical steps to follow: 6. Open Escrow Your agent will open escrow for you once the purchase agreement is accepted and signed by all parties. Your “earnest money” will be deposited at this time. All funds associated with your transaction, either held, received, or distributed, will be handled by your escrow or title company Wait During Your Contingency Period This time period is determined by your purchase agreement and is used to obtain and perform the following items:• Physical Inspection of Property • Property Pest Inspection • Property Appraisal • Secure a Lender • Obtain Loan Approval • Approval of Seller’s Transfer Disclosure Statement • Preliminary Report Approval from Title Company • Satisfy Purchase Contingencies • Your Agent Will Keep You Informed During the Process Obtain Homeowner’s Insurance Your agent will work with your escrow officer and insurance agent to ensure your policy is in effect by the close of escrow. Deposit Down Payment Funds Prior to the closing date of escrow, you will need a cashier’s check or wire transfer. Close Escrow You will sign all loan documents and closing papers when all condi- tions of the purchase agreement have been met. After you deposit the balance of your down payment and closing costs to the escrow officer, your lender will deposit the balance of the purchase price. The County Recorder’s office will record the deed, and you will take ownership of your home. We specialize in making your home buying process as easy and hassle free as possible. Contact us if you have any more questions.Congratulations on your exciting decision to buy a new home. Video, Thinking about Buying or Selling Condo or Home on your own? Buying or Selling Real Estate in: Aventura, Hallandale Beach, Hollywood FL, Sunny Isles Beach? Home Buyer’s Process Step-by-Step (Part 1 of 2)Home Buyer’s Process Step-by-Step (Part 2 of )
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