Home Purchase Where and What Should Happen When

"Order of Events"

This timeline,the sequence of step by steps in the home buying process. Their are a number of events the the potential purchaser has a limited number of days to complete or lose the option to dispute and renegotiate.

Recognize need or want for a house
Find a real estate agent
Locate a Mortgage Broker
Review Credit Score
Yes, No
Fix Finances
Meet with Realtor
Review list of needs, wants and start browsing, shopping
Get pre-approved for a mortgage
Locate Property and make offet
Agent writes Purchase Agreement (Contract)
Present Contract to seller
Accepted, Yes, No
Negotiations
Begin Search for different house
Loan Process
Deposit Earnest Money in Escrow Account
Schedule Property Inpections
Appraisal,
Required by loan provider,
Agree Yes No?
Renegotiate? Cancel?
Disclosures
Home Owners Insurance Arrangements
LSU, Loan Status Update,
Lender-Buyer-Seller
Title Search
Conditions Removal
Loan contingency
Home inspection contingency
Radon contingency
Pool
inspection contingency
Pest inspection contingency
Oil tank removal contingency
Contingency for sale of the buyer’s current
home
All Requirements Met, TILA-RESPA Integrated Disclosures
Personal reexamination of property to be certain it is as it was.
Closing
Loan
Title Recorded
Utilities
Receive keys
Renovations
Securty System
Locks Changed
Move into new home
Finding Your Castle Global

My Direct Line ...Phone: 856. 974.1981

David Cohen
Sales associate with
Century 21 Reilly Realtors,
39 North Route 73,
Berlin, New Jersey 08009
United States of America

Office 856.767.1776

Office Building Daves