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To assist with the buying and selling process
we've created a brief summary of a real estate transaction.
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Buyer
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1.
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Considers purchasing a home |
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2.
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Selects a REALTOR |
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3.
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Obtains loan pre-approval |
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4.
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Signs relevant paperwork |
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5.
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Views perspective homes |
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6.
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Makes an offer to buy |
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Seller
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1.
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Decides to sell their property |
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2.
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Selects a REALTOR |
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3.
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Signs relevant paperwork |
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4.
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Prepares home for
marketing |
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5.
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REALTOR markets the home |
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6.
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Reject/counter/accept
offer |
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7.
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Offer accepted
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8.
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Escrow is opened
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9.
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Loan application is started
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10.
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Physical inspections
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11.
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Title search
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12.
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Loan appraisal
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13.
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Loan approval
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14.
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Closing papers signed
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15.
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Documents recorded
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16.
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Escrow closes
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17.
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Funds available to seller
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Seller moves out |
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