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How to Find Your Perfect Home

1.  Find an Agent Review

Look for a licensed real estate agent who is knowledgeable about the neighborhoods you're considering and can help guide your search.

2.  Get Pre-Qualified

Before beginning your search. your first step is to get pre-approved for a mortgage loan (unless you will be paying in cash for the full price of your home). Your agent can connect you to a mortgage broker or lender. Based on your income and credit history, the lender will determine how much the bank will lend you, which will help you determine the price range for your search.

3.  Visit Properties

Attend viewings and open houses spanning a range of areas and property types. Now is the time to consider your ideal home's location and amenities.

4.  Negotiate

Reach an agreement with the seller on price and terms. Once you have seen a home you like, you can put in an "offer," which is a non-binding agreement to pay a certain price for the home. If your offer is lower than the list price. the seller will likely return with a "counter offer" price, which you can choose to accept, reject, or make another offer. Your agent will provide advice on pricing throughout.

5.  Sign Contract & Put Down Deposit

If any changes are requested. the seller must agree to these changes and all parties must agree. Signed contracts are then returned to the agents, buyer and seller, with copies sent to escrow and the lender. A 3% good faith deposit is made within 3 days of the execution of contract, with the remaining negotiated down payment due at the close of escrow.

6.  Contingencies

You are given a limited time period during which to conduct an inspection and other desired and required inspections. An appraisal with your bank will also be scheduled during this time.

7.  Complete Loan Application

Your completed mortgage loan application with all supporting documentation should be submitted to your chosen lender upon receipt of the fully signed contracts. The bank then issues clearance to close.

8.  Closing Scheduled by Escrow

9.  Final Walk-Through with Your Agent

A final walk-through of the property is performed just prior to closing. The walk-through confirms that no damage has been done to the home since the time of the inspection and that the major systems and appliances are in working order.

10.  Closing 

Once all the conditions of the contract have been satisfied. the closing is held. The closing documents are signed, payment is exchanged, and the buyer receives the keys to their new home!