8 Major Steps to Ownership with Mikki Cardoza

The Home Buying Process

1. Find your purchase power

  • Meet with a lender.
  • Get pre-qualified.
  • Shop in your price range.
  • Discuss best options with your lender and Realtor®.

2. Choose your Realtor®

  • You have a choice.
  • We encourage a Realtor® who loves their job and who wants to work for you.
  • Find someone who is knowledgeable and you trust.
  • TIP: Sign a Buyer Broker Agreement. It’s a commitment to exclusively work together during the process.

3. Go shopping

  • What’s your dream home?
  • Share your criteria – it takes a team to find the right home.

4. Make an offer

  • Until your offer is fully accepted, anyone can make an offer and purchase the home.
  • Your Realtor® should already have systems and strategies to assist during any negotiations.
  • MONEY NOTE: Your good faith deposit money is due within 3 days of the accepted offer. Typically 1-3% of the purchase price.

5. Inspection time

  • Your Realtor® should provide the escrow timeline before the house.
  • You will also receive disclosures and need to shop for any insurance.
  • Now is the time to take a closer look. Your Realtor® can suggest professional home inspectors to find any possible defects.
  • MONEY NOTE: Inspection fees are due at the time of service. Prices can range, but typically budget $250 – $400.

6. Release contingencies

  • After you look at all the reports, disclosures, inspections, title reports, insurance bids, etc., you get a choice:
    • Continue to closing
    • Renegotiate
    • Run away (Get your deposit back)
  • TIP: It doesn’t hurt to ask for reasonable adjustments. The seller can not kick you out of the deal for just asking.

7. Wrap of the transaction

  • Time to sign escrow instructions and any loan documents.
  • Do a final walk-through with your Realtor®.
  • Transfer utilities.
  • Time to pack if you haven’t already!

8. Get the keys to your new home!

  • The title will be recorded in your name.
  • Celebrate!
  • Time to unpack.
  • Your Realtor® should follow up with your to make sure you settle in the near future.

Learn more by watching the video.

Welcome to Corocan Global Living we offer services such as Buying Properties or Selling Properties.

Read more About Us or Our Agents.

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