Buying a house is an exciting time, but it can be a little intimidating and overwhelming if you don't know what to expect. Trust the professionals at Dunham Company Residential Real Estate to help guide you through the process.
Below is a basic overview of the steps to buying your next home!
Phase I
A. First meeting with your agent
Initial interview and discussion of needs.
Agency disclosure
B. Get Pre-Approved for a loan
Pre-approval can be given immediately followed by a final approval within 3-5 days.
Credit report
Job verification
C. Inspect properties and find the perfect home!
Phase II - Negotiating your dream home.
A. Offer to purchase
Submitted to seller through listing agent.
B. Negotiations
Normally completed within hours
C. Final Contract
Phase III - Due Diligence
A. Inspections (home & environment)
Within 5-7 days
B. Removal of contingencies
C. Waiting period prior to closing
D. Buyer responsible to purchase first year's homeowners insurance prior to closing.
Phase IV - Closing
A. Mortgage company/Bank
B. Appraisal within 1-3 weeks
C. Underwriting
D. Title search within 1-2 weeks
E. Preparation of closing documents by title company 1-2 days prior.
F. Final wolk-through just prior to closing
G. Closing at title company
Normally takes 1 hour
Phase V - CELEBRATE!
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General Maintenance
Oil squeaky doors
Tighten door knobs
Clean and repair windows
Repair cracked plaster
Touch up chipped paint
Repair leaking faucets/toilets
Replace burned out bulbs
First Impression
Working doorbell
Pick up newspapers
Sweep walkways
Clean door hardware
Clean and tidy entrance
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Spic and Span
Dishes out of sight
Beds made
Dirty laundry out of sight
Shampoo carpets
Clean furnace
Clean and freshen bathrooms
Clean stove and refrigerator
Clean washer and dryer
Spacious Look
Clear counters and stove
Store excess furniture
ake closets neat and tidy
Clean and clear hallways
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Curb Appeal
Weed and edge gardens
Clean up yard waste
Touch up exterior paint
Trim shrubs and lawns
Pick up any litter
Repair gutters and eves
Cut the lawn
Buying Atmosphere
Be absent during showings
Light fireplace(s)
Play quiet background music
Turn off the tv
Keep pets away
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