From looking to owning: 17 Steps to owning your own home!

   Buying a home is most definitely a stressful roller coaster of emotions.  What complicates this that many buyers have limited knowledge of the steps it takes to buy a home.  On top of that the process changes depending on loan types, location, time of year etc.  Here are the 17 basic steps it takes to go from a looking for to owning your new home!

1. Contact your REALTOR to start the Real Estate Process
2. Obtain Mortgage Pre-Approval from a reputable Lender
3. Start the Home Search Process, Contract Negotiations & arrive at Accepted Contract
4. Make your formal loan application with your lender - Immediately after your offer is accepted.
5. Notify Lender approval to proceed with the loan.
6. Return any required Lender documentation within 7 days of request.
7. Coordinate property inspection scheduling with your REALTOR.
8. Negotiate repairs as needed.
9. Contact your Insurance Agent to obtain property insurance & provide the lender with insurance documentation and one year paid receipt or invoice - 3 weeks prior to closing.
10. Upon Loan Approval coordinate closing time with your REALTOR  -  Loan approval must be obtained by contract deadline.
11. Transfer property utilities.
12. Complete property final walk through - within 5 days prior to closing.
13. Review Closing Disclosure paperwork - 3 business days prior to closing.
14. Wire funds or obtain a cashier's check or certified funds for closing.
15. Bring a VALID driver's license or VALID State ID to closing.
16. Attend Closing!
17. Enjoy your new home!