17 Steps To Owning Your Own Home

Buying a home is most definitely a stressful roller coaster of emotions. What complicates this that many buyers have limited knowledge of the steps it takes to buy a home. On top of that the process changes depending on loan types, location, time of year etc. Here are the 17 basic steps it takes to go from a looking for to owning your new home!

1. Contact your REALTOR to start the Real Estate Process

2. Obtain Mortgage Pre-Approval from a reputable Lender

3. Start the Home Search Process, Contract Negotiations & arrive at Accepted Contract

4. Make your formal loan application with your lender — Immediately after your offer is accepted.

5. Notify Lender approval to proceed with the loan.

6. Return any required Lender documentation within 7 days of request.

7. Coordinate property inspection scheduling with your REALTOR.

8. Negotiate repairs as needed.

9. Contact your Insurance Agent to obtain property insurance & provide the lender with insurance documentation and one year paid receipt or invoice — 3 weeks prior to closing.

10. Upon Loan Approval coordinate closing time with your REALTOR — Loan approval must be obtained by contract deadline.

11. Transfer property utilities.

12. Complete property final walk through — within 5 days prior to closing.

13. Review Closing Disclosure paperwork — 3 business days prior to closing.

14. Wire funds or obtain a cashier’s check or certified funds for closing.

15. Bring a VALID driver’s license or VALID State ID to closing.

16. Attend Closing!

17. Enjoy your new home!