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Steps to a Successful Purchase
1. Select a Realtor
2. Get Pre-Approval Letter from Lender is
New loan Needed
3. Meet with Agent to Discuss Needs and
Goals
4. View Homes with Agent
5. Select Home and Submit Contract
6. Acceptance of Contract
7. Escrow Opened at Title Company
8. Order and Complete Various Inspections
9. Complete Appraisal
10. Secure Homeowner's Insurance Policy
11. Obtain Final Loan Approval from Lender
12. Loan Documents Prepared by Lender and sent
to Escrow (Title Company)
13. Closing Documents Compiled by Title Company
14. Buyer and Seller Sign Documents During
Separate Appointments
15. Buyer Deposits Required Funds
16. Loan Documents Returned to Lender for
Review
17.Title Company Ensures All Contract
Conditions Met
18. Lender Sends Funds to Escrow (Title
Company)
19. Documents Recorded - Escrow Closed - Keys
to Buyer
20. Funds Released to Seller by Title Company
21. Final Documents Mailed to Interested
Parties
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