Preparing to Buy

Mortgage Process

Here are a few tips to get you started in your search for a new dream home:

  1. The loan process begins with an initial consultation with a lender.
  2. The first step is getting Pre-Qualified. Your lender will review your financial information and determine how much you are qualified to borrow. As a pre-qualified buyer, your offer on a home is stronger.
  3. When you’re pre-qualified for you can begin your home search.
  4. Once your offer has been accepted on a property, you will meet with the lender who will ask you to provide more detailed information regarding your finances.
  5. You will need to choose a company to handle the settlement / closing on the house.
  6. The lender will then order the Appraisal and the title work from the closing company and begin the loan process which could take 30-45 days.
  7. Once your loan is approved and the lender gives it the “clear to close” you are ready for settlement.

Offer & Inspections

  1. When you have found your dream home, Barbara Watkins will prepare a written offer with the terms of the purchase.
  2. The offer will be submitted to the selling agent and the seller for negotiation or acceptance.
  3. Once the offer is accepted, you will have to schedule the various inspections which would include but not limited to: Home, Well, Septic, Termite, Mold, Chimney, Pool, Pier and any other inspections you choose.
  4. At satisfaction of inspections the loan process will be completed and settlement will occur within the time frame of the contract.
  5. If any repairs are done as a result of the inspections you have the right to re-inspect the property prior to settlement.
  6. Final walk-through on the property shall be within 5 days prior to settlement.


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