Home Buying Guide - Page 2

Home Buying Guide Home Buying Process Initial Consultation • Determine your needs and priorities • Review agency choices • Select appropriate working relationship • Discuss financing options Obtain Financing • Meet with a Prosperity Mortgage consultant to begin obtaining a mortgage • Complete a full loan application • Obtain the loan approval Find the Right Home • Have sales professional show homes based on your criteria • Evaluate each property • Choose the right home Prepare an Offer • Review comparable sales to determine offer price • Review progress of loan pre-approval with Prosperity Mortgage • Decide on other terms (inspection, possession date, etc.) • Prepare earnest money deposit Reach Agreement with the Seller • Present offer • Negotiate terms and possible counter offers • Agree upon sales contract with seller Finalize Financing • Provide your Prosperity Mortgage consultant with an offer to purchase the home and a contract • Conduct a full property appraisal • Complete loan processing • Finalize loan approval Closing • Deposit earnest money • Review seller’s property disclosures • Obtain roof, termite, and other inspections • Remove any remaining contingencies • Arrange for Attorneys Title insurance policy • Arrange for homeowners insurance policy • Arrange for movers • Conduct final walk-through of the property with associate • Attend closing • Record deed • Receive keys from sales associate ©2018 BHH Affiliates, LLC.  An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHH Affiliates, LLC.  Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc. ®   Equal Housing Opportunity.