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Buying a home involves several stages. Below is a list of the more common steps during a residential
transaction. Your situation may vary and it is best to contact your real estate professional for more information. Common Steps for Buying a Home
1) Initial Meeting: Select real estate agent, determine needs and wants, determine financial eligibility
2) Loan Qualification: discuss finances, obtain prequalification
3) Find a Home: select an affordable property that fits your needs
4) Discuss offer with agent: buyer reviews contract with agent, agent presents offer to selling side
5) Present and Negotiate Offer: Buyer prepares "earnest money" deposit (typically, 1 to 3% of purchase price)
6) Seller accepts offer (Seller can accept your offer, counter your offer, or reject your offer)
7) Open Escrow: deposit "earnest money" into escrow, escrow will order Preliminary Report,
8) Contingency Period: conduct physical inspection of property by a qualified inspector
9) Receive and Review Seller Provided Paperwork: approve seller's Transfer Disclosure Statement, approve Preliminary Report, approve HOA docs (if applicable), approve termite report (if applicable), approve zone disclosure report (if applicable)
10) Complete Loan Process: conduct property appraisal, obtain loan approval from lender
11) Sign Loan Documents
12) Close Escrow and Receive Keys This is a very condensed version of the actual events. When you find a home and after we negotiate the terms, we review all of these steps and details with you so that you understand the process. 
Remodeling and Renovations >Considering Major Improvements
You have decided that it is time to sell your home. After taking an objective look around, you realize that you have a lot of work to do in order to prepare your home for the market. If it will take more than just cleaning to get your home for showing, it may be time to call in two professionals--a home improvement contractor and a professional real estate agent.
The ideal listing has a modern kitchen and bath, fresh paint, beautiful lighting fixtures and elegant hardwood floors or high-end wall-to-wall carpet. Your real estate agent can offer suggestions about what your house needs, what colors or cabinet styles are popular with buyers, and tips on cost-effective improvements. The contractor can work with you to put your plan into action.
If you feel that the costs or disruption of a major remodeling project would be overwhelming, you have the option of marketing your home as a "fixer-upper." If you decide to sell your home "as is", your agent can prepare a market analysis to give you an idea of what you can expect to net from the sale of your home.
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| Q |
Why is the Terra Amata site in Nice, France famous?
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| A |
Remains of 21 huts found in 1965 are thought to be the oldest known habitation from the Acheulian culture 400,000 years ago.
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 See More Real Estate Trivia > |
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NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
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