Here's What Happens Next . . .

The 8 steps to follow after signing the contract:

Step 1: Home Inspection

You and your Real Estate Agent will arrange a time to return to the property for a home inspection. Typically, this has to be done within a few days after the contract has been signed. A professionally licensed home inspector will accompany you through the home and point out problems or deficiencies if they exist.

The seller is then notified of any problems. Usually they will agree to the repairs; however, if they do not agree, you have the option of voiding the contract or negotiating a lower price to compensate for the cost of such repairs.

There are many things you can "inspect" at the time you are shopping for your home. Be curious! Be alert for warning signs!

Step 2: Lender appointment

Hopefully you have already taken care of this!! Get Pre-Approved for your loan first. Here's the first step

But if not...

  • Set up an appointment with your Home Loan Specialist and be prepared to provide the following items:
  • W-2 forms or signed 1040 tax forms for the past 2 years
  • Copies of bank statements for the last 2 months (current and consecutive)
  • Copies of the most current and consecutive pay stubs for the last 30 days

Your Home Loan Specialist will go over the loan process step-by-step and set your loan in motion. He/She will order both the appraisal of the property and your credit report.

Step 3: Selection of Title Company/Attorney

Your Real Estate Agent will choose a title company/Attorney for you and provide them with the necessary paperwork. The title company has the responsibility to make your transaction legal.

Before closing, they do the title work, examine the survey, prepare mortgage documents, and prepare the real estate closing documents. After closing, they prepare packages for mortgage lenders, accounting and title insurance, file documents with the county, and release escrows.

Step 4: Purchase Home Owner's Insurance

Proof of homeowners insurance is required at settlement. You may choose an insurance company, or we will provide a referral for a reputable insurance company if you have not selected one.

Step 5: Transfer Utilities to Your Name

Step 6: Obtain Certified Funds for Closing

The title company/attorney should be able to tell you the exact amount due a few days before closing. It is also a good idea to bring your personal checkbook to closing.

Step 7: Conduct Walk-thru of Home

The walk-thru is done to make sure discrepancies found in the home inspection have been corrected. It's also a great time to test the appliances, etc.

Step 8: Closing

Title is transferred, mortgage documents are signed, and funds are disbursed according to local practice.

"Our goals are to cultivate a reputation of swift, personable, and complete service while establishing an enviable relationship with our customers, Realtors and investors — and to be a team you are proud to refer your friends, family and co-workers."