Page 8 - DPHG Buyers Packet
P. 8
HOME BUYING PROCESS MADE SIMPLE
DISCUSS AGENCY CONTENGENCIES
Agency is the relationship between the client and the Home Inspection- professional home inspector will
realtor inspect home for defects
DETERMINE PURCHASE POWER Pest Inspection- professional pest inspector will
inspect for termites
Contact a mortgage company for loan approval and
to find how much of a home you can afford Appraisal- your bank will order an appraiser to justify
the contract price
DETERMINE DESIRES AND WANTS
ACQUIRE HOMEOWNERS INSURANCE
Discuss areas of interest and desired features you are
looking for in a home Required by the lender, policy for the home you are
purchasing
VIEW HOMES
LOAN COMMITMENT
Will begin to view homes as they come on the market
When the bank gives final loan approval
MAKE AN OFFER TO PURCHASE
FINAL WALK THRU
After viewing a home that you are interested in, we
will then make an official contract offer View the property before settlement to make sure
repairs are complete, all items conveying are still
CONTRACT ACCEPTANCE there, and no new damages are done
When buyer and seller agree to all the terms and CONTACT UTILITY COMPANY
condition of the contract offer
Contact utility companies to inform of ownership
SELECT TITLE COMPANY change to insure you will have utilities upon moving
Title Company will conduct the settlement of your SETTLEMENT
purchase, the actual transfer of deed
The day the property transfers possession from seller
to buyer
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