Follow the 6 simple steps below.
You benefit when using a realtor vs. looking on your own. Obviously the Realtor
has been through the process many times before. It is usually free for a buyer to
use a realtor and it can save you time. If you are the more independent type, driving
around and looking for "For Sale" signs is a good way to make sure you are in the
neighborhood you want to be in. Also new construction model homes usually have
an agent on site to help you.
You and the seller come to an agreement on the price and the terms and the day you want to move in.
You will then sign a REPC (Real Estate Purchase Contract).
You have already been pre-approved based on your credit, but now the lender wants to look at the
property as well. As long as the property is in good shape, appraises for what you are paying for and
your credit has not changed since the prequalification, everything should be fine. Once the decisions
are made, you can simply apply online
This is when you sign loan papers at the title company. Usually you can't move in until the documents
are recorded with the county, sometimes 24-48 hours later.