The steps below are typical of those you'll follow from your initial contract to your closing: 1. LOAN APPLICATION: Immediately after they negotiate the contract, buyers should apply for any financing necessary to complete the purchase. The agent's advice can help them select a reputable lender whose products and service best meet their needs. Notification of loan application is passed to the listing agent, who keeps the seller informed as the process progresses. During this process, buyers must furnish the lender pertinent information regarding their assets, income, debts and credit history. 2. HOME INSPECTION AND REPAIR RESOLUTION: The rise in the importance placed on home inspections is probably the most significant change that has occurred in the home selling process in recent years. Typically, the process involves a top-to-bottom inspection of the property, performed by an inspector who is chosen and paid by the buyers. After the buyers review the report, they ha...
I have served hundreds of clients who were able to successfully purchased homes; and almost the same number of clients who weren't that successful primarily because of the lack of requirements, as well as incorrect formats on legal agreements, deed of sale, etc. Follow my social media accounts for more real estate buying and selling requirements, and various template for your legal agreement and other forms.