Overview of the Buying & Selling Process
| The Buyer..1. Considers the purchase of a home. 2. Selects a real estate agent. 3. Determines needs and wants. 4. Discusses financial issues. 5. Views & researches target homes. 6. Makes an offer to buy. |
The Seller..1. Decides to sell property. 2. Selects a real estate agent. 3. Determines needs. 4. Prepares home for marketing. 5. Agent markets the home. 6. Accepts, rejects or counters offer. |
7. Offer Accepted from Buyer to Seller
8. Loan Application
9. Inspections
10. Title Search
11. Appraisal
12. Loan Approval
13. Closing Papers Signed
14. Documents Recorded
15. Funds Available to Seller
16. Seller Moves out and Buyer Moves In
