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 to sell and live elsewhere

Locate and hire
a Real Estate Agent
Do an Initial Interview
and Property Tour
with Your Real Estate Agent
Evaluate the property’s condition
Decide upon making repairs?
or Selling "As Is
Based upon agent's provided CMA, Decide upon asking price

Sign Listing Agreement, Make a Plan of Action
Announce that You are Selling a House, Agent arranges Advertising, Open House, Have Private Showings

Receive Offers
Is Offer Acceptable?
Yes?
No?
Negotiations with a Prospective Home Buyer
Accept Offer, Contract Acceptance
LSU, Loan Status Update,
Lender-Buyer-Seller
Buyer Deposits Earnest Money, Escrow
Property Disclosures
Prepare for the Final Sale of your Home
Provide Access for Property Inspectors
Was Buyer able to obtain Loan? Appraisal Okay?
Repair any items that are negotiated and agreed upon after inspections.
Adjustment due to Appraisal
If buyer could not obtain Loan Search for new buyer
Prior to closing buyer will reeamine property to confirm repairs are made and that the property is the same or better.
Loan
Title Recorded
Utilities
Escrow verifies all conditions are meet

Move

Move into new home
Close on your new home documents are signed.
Transaction Smooth? Yes? No?
Reschedule After Adjustments made, Most likely with Buyers Loan Company or Title Company
Continue With Your Future Life

Componets of a Real Estate Selling Process

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