Home buying process

No two home purchases are the same. The chart below helps you understand common steps in a home purchase process. Be aware that there are auction sales, “as-is” sales, option to buy, and many other types of purchases.

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Buyer 1 Considers purchasing a home 2 Selects a real estate agent 3 Determines needs and wants 4 Discusses financial issues 5 Views & researches target homes 6 Makes an offer to buy	Seller 1 Decides to sell property 2 Selects a real estate agent 3 Determines needs 4 Prepares home for marketing 5 Agent markets the home 6 Accepts, rejects or counters offer
7 Offer Accepted 8 Loan Application 9 Inspections 10 Title Search 11 Appraisal 12 Loan Approval 13 Closing Papers Signed
14 Seller Moves Out	15 Buyer Moves In