Buying Process - Buying Flow Chart

 THE HOME BUYING FLOW CHART

1. Buyer considers purchasing a home
                                                        
2. Buyer interviews and selects an agent
                                        
3. Discussion of the Buying Process
                                        
4. Discuss financial aspects and Buyer needs
                                        
5. Apply for mortgage pre-approval
                                        
6. Schedule and Tour homes
                                        
7. Select home and write offer to purchase
                                        
8. Contract Negotiation
                                        
9. Offer acceptance and Earnest Money Deposited
                                        
10. Arrange for home and termite inspections ($300-$500)
                                        
11. Accept inspection results or request for repair remedy
                                               
12. Seller may accept or reject
                                 
13. Mortgage appraisal and mortgage approval ($400-$550)
                                        
14. Final Walk through 
                                        
15. 24 Hours to Closing, review settlement statement
                                        
16. Closing ~ Welcome to Home Ownership!