|
Action Item |
Deadline |
|
|
Check your
credit
report and make sure that it is accurate. You
don't have to buy a credit score...it probably won't
match the Lender's version anyway. These days you
need a credit score of at least 630 to get a
mortgage. |
|
|
|
Contact a REALTORÒ, Sheila Cox
at 832-622-1233, to help you with your
purchase. You need a professional looking out for
your best interest! |
|
|
|
Fill out Sheila's Buyer's Assessment. |
|
|
|
Determine
how much house you can afford.
NOTE: You can email me
your
information, and I can give you some estimates
based industry standards. |
|
|
|
Determine how much money you will need to purchase a
new home. Do you have enough? If not,
create a
budget and start saving now. |
|
|
|
Compare mortgages
and lenders. |
|
|
|
Choose a
lender and
mortgage. |
|
|
|
Get approved for a loan. Don't forget the
approval letter! We will need to submit it with an
offer to buy a house. |
|
|
|
Do you need to
sell your current home? Sheila will
help with that too. Get it on the market! |
|
|
|
View homes that meet your specific needs. Rate them
using the Buyer's Needs Assessment. |
|
|
|
Choose the right home for your needs. |
|
|
|
Make an offer to buy the house that you chose. |
|
|
|
After the purchase offer is accepted, hire inspectors to
check the home. |
|
|
|
Negotiate repairs to
home as needed. |
|
|
|
Gather these items for your lender (see list). |
|
|
|
Apply
for a
loan if you haven't already.
Remember, you have a deadline to meet in the sales
contract. |
|
|
|
Obtain
home
owner's hazard insurance. |
|
|
|
Make sure the survey is ordered in a
timely manner.
NOTE: Know the
10 Common Pitfalls to Closing on Your Home. |
|
|
|
Make sure the Lender's termite
inspection is ordered in a timely manner. |
|
|
|
Make sure the Lender's appraisal is
ordered in a timely manner. |
|
|
|
Plan your move. |
|
|
|
Check your Title Commitment when you
receive it. You have 5 days to "object in writing."
NOTE: It's a good idea to have a real estate
attorney review the Title Commitment to make sure
that you are getting "clean Title." Your REALTOR is
not allowed (or qualified) to offer you legal
advice. |
|
|
|
Do your final walk-through. |
|
|
|
Go to the settlement closing. (See
what to bring.) |
|
|
|
Move into your new home and enjoy! |
|
|
|
Check out
these
tips for decorating, remodeling, and updating your
new home. |
|
|
|
Make sure you receive a copy of your
Deed (from the Title company) within a couple of
weeks after Closing. |
|
