The Home Buying Process
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Buyer and Agent review purchase parameters; confirm Buyer-Agent relationship |
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Buyer gets loan Pre-Approval |
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Market education; view properties |
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Select home; review disclosures; write offer |
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Offer presented to Seller |
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Negotiation of price and terms of offer |
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Purchase Contract accepted |
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Schedule inspections; receive Seller disclosures |
Open escrow; make initial deposit |
Obtain loan from Lender; schedule appraisal |
Review disclosures and inspection reports |
Review Preliminary Title Report (Prelim) |
Property appraisal occurs |
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Final loan approval |
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Accept disclosures, Prelim and inspection reports; remove contingencies; increase deposit in escrow |
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Final property walk-through; obtain homeowner's insurance |
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Sign closing and loan documents;deposit balance of down payment |
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Loan funding and title recordation |
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Close of Escrow. Congratulations! |
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While this flowchart depicts a typical process, the fast-paced and competitive San Francisco real estate market results in
variations of this flowchart.
The Home Buying Process
What are the steps involved in the purchase of a home.
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