Long & Foster Real Estate, Inc.

Cherry Hill Office

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Flow Chart For Buying A Home

BUYER

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Initial Consultation
Financial Qualifications
Commitment to Agent

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Market Education
Viewing Property

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Select a Home to Buy
Write the Offer

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Offer presented to Seller

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Negotiation of Terms

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RATIFIED SALES CONTRACT

/                      |                      \

Schedule Inspections
Receive Disclosures

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Open "ESCROW"
Deposit Earnest Money

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Search for Loan
Submit Loan Application(s)

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Review Disclosures
Have Inspections

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Title Search
Preliminary Title Report

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Loan Processing Starts
Property Appraisal

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Remove Inspection and Other Contingencies Increase "ESCROW" Deposit Funds

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Arrange for Homeowners Insurance
Arrange for Movers
Loan Commitment
Remove Financial Contingencies

\                                            /

Sign Closing and Loan Papers at Title Co.

GET THE KEYS
WELCOME HOME!

 

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Robert Latigona © 2006

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