1
Initial Consultation
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Determine your priorities and needs
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Review "agency" choices and select appropriate working relationship
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Discuss financing options
Obtaining Financing
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Select a mortgage company
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Consult with a loan officer
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Get pre-qualified
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Complete loan application
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Obtain a pre-approval
2
3
Finding the Right Home
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Tour properties based on your criteria
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Evaluate each property
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Choose the right home
Preparing an Offer
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Review comparable sales to determine offer price
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Review progress of loan pre-approval
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Decide on other terms (inspections, possession date, personal property, etc.)
4
5
Completing the Settlement Process
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Deposit of earnest money
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Review of seller's property disclosures
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Review preliminary title report
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Complete inspections (radon, sewer scope, etc.)
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Property appraisal
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Loan processing
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Remove any remaining contingencies
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Arrange for homeowners insurance
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Loan processing and final loan approval
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Provide balance of down payment and closing costs
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Sign documents
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Arrange for movers
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Loan funding
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Recording of title
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Receive keys
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Move in!