Home Buying Process
- Pre Qualification - financial institution verification of adequate financial ability to purchase
- Executed Buyer’s Agreement - legal authorization for agent to act on behalf of the buyer
- Define Home Search Parameters - establish working criteria for New Home Search
- Berkshire Hathaway Mobile App
- Free HomeFinder account
- Custom MLS Search page with selected properties
- Offer - construct competitive offer for chosen property
- Earnest Money Amount - larger=more commitment
- Due Diligence Period - shorter=more desirable to seller
- Financing Contingency (if applicable) - Cash is King
- Projected Closing Date - shorter=more desirable to seller
- Purchase Price - needs to be supportable by appraisal if financing is involved
- Contribution to Buyer’s Closing Costs - less=more for seller
- Accepted Offer
- Make Earnest Money Deposit
- Home Inspection/ Approval within Due Diligence Period
- Loan Application
- Property Appraisal - purchase price confirmation
- Loan approval
- Closing Cost Estimates - for review
- Closing - property changes hands
- New Owner Moves In