Your step-by-step guide to getting the best deal

PHASE 1

Getting started

Planning Your Path

• Clarify your goals, timeline, and priorities
• Review the homebuying process.
• Understand your financial situation and credit standing.
• Define how and when to engage your lender and real estate agent.

Loan Pre-Approval

• Define your budget and ideal price range.
• Review your different loan options.
• Secure a pre-approval letter from your lender.
• Meet with tax and financial pros if needed.

Home Shopping

• Decide whether you want to work with a realtor or search independently.
• Tour homes that match your ideal options.
• Get alerts for listings that fit your criteria.
• Access off-market and early listings.

Making an Offer

• Analyze recent sales to support your offer.
• Review disclosures and reports.
• Submit a strong, well-prepared offer package.
• Negotiate to secure the best price.
• Present the earnest money deposit.

PHASE 2

Due Diligence

Escrow Setup

• Open escrow and deposit earnest money.
• Request an option period of at least 10 to 14 days for inspections and due diligence.

Submit Home Info to Lender

• Deliver a signed purchase contract to the lender.
• Confirm contingencies and begin the loan process.

Inspections & Property Condition

• Conduct home inspections (roof, pest, chimney, etc.).
• Review seller disclosures and HOA docs.

Inspection Review & Insurance

• Negotiate repairs if needed based on inspections.
• Select and submit homeowners insurance.

Appraisal & Loan Underwriting

• Execute initial loan disclosures and submit documentation.
• Order and review appraisal.
• Complete underwriting file.
• Secure final loan approval.

Remove Contingencies

• Remove any contractual contingencies based on inspections, appraisal, and financing.

PHASE 3

Closing

Final Walk-Through

• Confirm the property’s condition matches the agreed terms.

Prepare for Closing

• Set up utilities and services (electricity, garbage, internet, etc.).
• Schedule your move.

Loan Funding & Escrow Close

• Provide wire or cashier’s check for closing funds.
• Review all closing and transaction costs.
• Sign your loan documents.
• Lender sends final funds to escrow.
• Receive keys to your new home!
• Deed is recorded at county office.

PHASE 4

Post-Transaction

Immediate To-Dos

• Change locks and update security systems.
• Complete any immediate repairs or improvements.

Getting Organized

• Consider placing your home in a trust or updating your estate plan.
• Review property tax payments and supplemental taxes.
• Set up insurance reminders and local contacts.

Settling In

• Meet your neighbors.
• Explore your community.
• Celebrate your new home and take pride in what you’ve accomplished!