Earnest Walker Realty, Inc.

2010 © Earnest Walker Realty

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Buying Process

1. Get Pre-Qualified & Come To Our Office

This is very important because it will give you a price range to work with when meeting with a realtor.  Find a loan officer at your local bank or mortgage company  and they will help you get started.   Be sure to obtain a pre-approval letter.  Bring this letter to us and we will help you get started with your home buying adventure.

2. Start Searching For Your Dream Home

Be sure to relay your personal preferences to us.  This will enable us to select homes that best fit you and your family's needs and desires.  Be sure to arrange times for viewings when it is convenient for everyone in your family to be involved.

3. Writing The Contract

Once you've chosen your dream home, we will write the contract.  The contract will be presented to the seller and negotiations will begin and continue until both buyer & seller agree to the same terms.  At this point everyone will sign the contract, and, if required, option money & earnest money will be due. Documents will be sent to the chosen title company and a file opened in your name.

4. Loan Application

After terms on the contract are agreed to, it is time to go to the bank or mortgage company of your choice and apply for a loan.

5. Property Inspections & Appraisal & Survey

During your option period, you need to select an inspector for a general inspection of the property as well as a termite inspection.  About the same time, your lender will have an appraisal of the property arranged  and a survey ordered.  After all of these functions are performed, it is up to you to select an insurance agent and procure homeowner's insurance.

6. Closing is Arranged

We will arrange a closing date with the title company at a convenient time for everyone. Before closing, you will have a final walk-through of the property.   You will also receive a copy of the closing statement for your review prior to closing.  The closing statement will give you

amount that you will need to bring to the closing. This includes the balance of the down payment and closing costs.

7. After Closing

After closing, the documents are sent back to your

banker for approval and then funds are disbursed.  The

funds are sent to the title company to disburse any

accrued expenses in connection with the closing. At this

point, you will receive the keys to your new home.  The

title company will prepare the title policy and send a

copy to you and your loan company.  They will have the

legal documents recorded with the county clerk and

mailed to you.

Home Buying Process