Home Buyer Guide – 10 Steps

“simple steps that guide a homebuyer in the right direction”

START HERE: Interview a Realtor:
There has to be chemistry. This should be an interview.
You must feel like the Realtor you decide to work with:
• makes you feel comfortable,
• is easy to communicate with,
• has your best interests at heart,
• is knowledgeable,
• has time to work with you

1. Free Consultation with Realtor should include:
a. Discuss type of home you want, area and price range
b. Discuss Agency Relations, Buyers Agents, Sellers Agents
c. Discuss Down payment, Closing costs and up front fees
d. Discuss * Current Market
• Money for First Time Buyers (if applicable)
• Asking Seller to pay Buyer closing costs
• Asking Seller to do improvements
• Asking for Price reductions

2. Get set up to receive Free lists of homes for sale that match your home hunting criteria:
• request @ www.SABankRepo.com (Free lists w Pictures, including Bank Repos)

Interview a Loan Agent: (see interview with Realtor above)
3. Free consultation with Loan Agent should include:
a. Find out how much home you qualify for?
b. Discuss Loan options, Conventional, FHA, VA and Free money Grants
c. Review estimated loan costs
d. Request Pre-qualification letter (necessary with all purchase offers)

Next Step:
4. Review lists of homes from Realtor,
a. drive by those that interest you
5. Meet Realtor to see inside for homes that interest you

Know Home Values:
6. before making any offers – review sold comparables with Realtor
7. Write Purchase Offer
a. bring check for Earnest Money
b. bring check for Option fee (if applicable)

After Offer is accepted:
1. Do Home Inspection and Wood Destroying Insect Inspection
a. Amend contract if repairs needed
2. Meet with Loan Agent again to update paperwork
a. Order Appraisal
3. Do Final Walk Thru
4. Sign Documents at Title to close Escrow
5. Pay money due and collect keys

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