Buyer's Guide

1. Know your funds. Be clear on how much cash you have available. You may need proof of funds if you are offering all cash, waiving part or all of the appraisal, or putting more than 20% down. Do not forget to factor in closing costs.
2. Get pre approved. This is the most important first step. It shows you what you can borrow so you can search in the right price range with confidence.
• You must have a pre approval to make an offer
• Higher taxes and HOA fees can reduce your buying power
3. Choose your agent. Go over what you want in a home and what you must have so your search stays focused.
4. Sign the agency forms. This confirms your agent’s role and allows them to represent you properly during the process.
5. Start touring homes. Once the steps above are in place, house hunting becomes much more efficient.
6. Review the home carefully. When you find one you like, go over possible concerns with your agent and review the seller’s disclosure if available.

7. Submit your offer. Your agent will prepare the documents and forms for signature. You will decide on the offer price, down payment, and any contingencies.
• Most signatures are done electronically
• You can always ask to meet in person if that feels better for you
8. Attorney review begins. Once your offer is accepted, both sides enter attorney review.
9. You are under contract. Once complete, the contract becomes binding.

12. The lender orders the appraisal.
13. A title search is completed.
14. You receive your commitment letter.

What do you need to decide when making an offer?

• Offer price and down payment
• Contingencies

Good advice

• Respond quickly
• Ask questions
• Avoid large purchases