Home Buying Process

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