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Home Buyer’s Process Step-by-Step (Part 2 of 2)

Home Buyer’s Process
Step-by-Step
The 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 )