Initial Interview:

• Determine your needs, wants, and desires in a home
• Discuss parameters

Pre-qualify you with a Lender:

• Guide you to financial institutions to obtain the best financing available
• Qualification approval letter is obtained from lender

Site Seeing:

• Show you available homes that suit your needs
• Listen to you carefully to help find your "ideal" home
• Educate you about the current market

Target a Home that is "Ideal" and Write the Offer:

• Write the offer for you
• Deliver your earnest money deposit to escrow

The Offer is presented to the Seller:

• Prepare a presentation by highlighting the strengths of your offer and your strength as a buyer.
• Present your offer to the seller or seller's agent
• The seller will either accept, counter or reject your offer

Counter Offer:

• Any counter-offers are discussed and prepared

Escrow:

• Once the offer is accepted, escrow is opened
• Earnest money is deposited at this time
• Escrow orders a Preliminary Title Report ("Prelim") and sends copies to your agent and lender.
• Escrow instructions are issued to all parties along with the opening package.

Loan Application:

• A completed loan application is submitted to the lender of your choice with all necessary documentation.

Contingency Period:

• Buyer receives and approves Seller's Real Estate Transfer Disclosure Statement and other disclosures.
• Buyer approves the Preliminary Title Report provided by the Title Company.
• Loan approval - including an appraisal of the property.
• Physical inspections, pest inspections and other inspections are completed.

Homeowners Insurance Coverage:

• Buyer will obtain a Homeowners Insurance Binder for the new home and the insurance information is given to escrow for them to order the evidence of insurance.
• Escrow orders a copy of the homeowners' insurance policy for the new lender prior to escrow closing.

Signing Documents:

• Buyer will need to bring current photo ID to sign notarized loan documents.
• Copies of title and lender documents are given to buyer.

Down Payment and Closing Funds:

• The escrow officer provides you with a Buyer's Estimated Closing Statement, which itemizes your costs and advises you of total funds due at closing.
• Buyer provides a cashier's check several days prior to closing or can wire the closing funds directly to escrow.

Funding:

• The lender sends funds to the Title Company

Close of Escrow:

• The Title Company records the deed at the County Recorder’s office. (You will receive the original back from the County Recorder’s Office in approximately two months)
• Keys are transferred from seller to buyer.