ASSESS YOUR FINANCES
ASSESS YOUR FINANCES
ASSESS YOUR FINANCES
- Consider your budget and review your debt
- Realize that lenders recommend looking for a home that costs no more than 3 to 5 times your annual income
- Be flexible—your budget may go further than you think
Gain PRE-APPROVal
ASSESS YOUR FINANCES
ASSESS YOUR FINANCES
- Understand what you can realistically afford
- Determine your monthly mortgage payment
- Know your debt ratio
- Prepare for escrow and obtain a preapproval letter
FIND YOUR NEW HOME
ASSESS YOUR FINANCES
MAKE YOUR OFFER AND NEGOTIATE THE TERMS
- Compare homes and neighborhoods
- Save collections of your favorite homes
- Schedule home tours with your agent
- Narrow in on your dream home
MAKE YOUR OFFER AND NEGOTIATE THE TERMS
MAKE YOUR OFFER AND NEGOTIATE THE TERMS
MAKE YOUR OFFER AND NEGOTIATE THE TERMS
- Review contract terms and time limits
- Negotiate the purchase price
- Choose a title company
- Shop insurance options
- Sign the offer and deliver the escrow check
UNDER CONTRACT
MAKE YOUR OFFER AND NEGOTIATE THE TERMS
UNDER CONTRACT
- Send proof of insurance to your lender
- Schedule home inspection and negotiate repairs
- Acquire property disclosure from seller
- Address contingencies
- Schedule your closing
CLOSING DAY
MAKE YOUR OFFER AND NEGOTIATE THE TERMS
UNDER CONTRACT
- Connect with lender to wire down payment
- Bring printed confirmation of your wire transfer
- Sign all closing documents
- Get your keys
- Enjoy your life in your new home!