Page 5 - The Kolb Team - Buyer Book
P. 5

THE HOME BUYING PROCESS





              Below is a typical outline of the home-buying process. Most transactions close within 45-60 days
              of the accepted offer. However, the timeline can vary depending on the two party’s situations

              and lender programs available.







                                                   Select an Agent you Trust
                                        Obtain Pre-Qualification or Obtain Proof of Funds


                                             Analyze your Needs in a Consultation


                                                       Select Properties

                                                       View Properties

                                                  Write an Offer to Purchase


                                                       Negotiate Terms

                                                       Accept Contract




                                                    Remove Contingencies                   Conduct a title search
             Conduct an inspection
                                                 Obtain Mortgage Financing                 Remove any encumbrances
             Resolve any issues
                                         Credit Check · Underwriting · Appraisal · Survey · Insurance  Obtain Title Insurance



                                                   Obtain Funds for Closing


                                                 Close on Property - Recorded

                                               Obtain Possession of your Home!
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