Page 27 - Jeff Esposito azhg
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Property: owners of
records, liens, etc.
THE BUYING • Escrow and Title Fees are
• Conduct Search on
Sellers: liens, divorces,
etc.
PR OCESS • Initial Title and Escrow
Sent to the Lender
Instructions Sent to Buyer
and Seller for Completion
• Payoffs and Other
Requirements are
Completed to Clear Title
• Home Warranty is Ordered
HOMEBUYER • Physical/Pest Inspection • Closing Documents are
• Compare Lenders, Completed Reviewed Before Closing
Determine your Budget, & • Appraisal Ordered and Appointment
Get Pre-Qualified Completed
• Choose a Real Estate Agent • Provide Proof of PIONEER TITLE AGENCY
• Tour Properties, Choose a Homeowner’s Insurance - CLOSE OF ESCROW
Home, Write and Present Coverage • Loan Documents are sent
your Offer • Loan is approved to Pioneer Title Agency and
• Terms are Negotiated and/or PIONEER TITLE AGENCY Signed
Offer is Accepted - ESCROW OPENED • Title and Escrow
Documentation is Signed
LOAN • Accepted Contract Received, • Down Payment and Closing
• Chosen Lender Verifies • Buyer Deposits Earnest Costs are Submitted to
Buyer’s Income, Credit, and Money in Escrow Escrow
Assets • Escrow Opened, Title Search • Lender Submits Funds to
• Contingency Period and Preliminary Report Escrow for Disbursement
• Real Estate Transfer Ordered • Deed is Recorded and
Disclosure • Conduct Search on Escrow is Closed
UNDERSTANDING • Provide reassurance for
THE HOME • Avoid disputes with the
Buyer’s
WARRANTY Buyer for repair and/or
replacement of covered of
covered items
A home warranty can be Most home warranties are
purchased by a Buyer or Seller paid at the close of escrow for
to cover many mechanical, the upcoming year. Review
electrical, and plumbing systems the policy closely to be sure
as well as some appliances. you are receiving the desired
Many Sellers choose to purchase protections.
a home warranty plan to:
• Cover repairs that may arise Bullhead City, Arizona
while the house is on the Photograph by: Nichole Huseman
(Bullhead City South)
market
Pioneer Title Agency 27
