Buyer’s Roadmap

Article last updated July 2023

Part 1: Finding your new home

 

1) INITIAL CONSULTATION

Connect with a Realtor to understand your objectives, priorities, and timeframes. Discuss lending qualifications. Define how you and your Realtor will work together.

2) FINANCING

Obtain loan pre-approval from the lender. Determine the budget and price range for the home. Prepare proof of funds.

3) HOME SHOPPING

Set up online home search. Tour properties that meet your home search criteria. Monitor market activity.

4) MAKE AN OFFER

Review comparable sales and discuss appropriate offer strategies. Prepare a detailed offer package. Negotiate the best possible price for your new home.

Part 3: Closing Process

9) SIGN OFF & LOAN FUNDING

Sign loan documents. Provide a cashier’s check or send a wire for the down payment and closing costs. Lender sends the balance of funding to the title company one business day prior to close.

10) FINAL WALKTHROUGH

Confirm property condition and completed repairs, if any

11) RECORD & CLOSE ESCROW

Deed is recorded in person at the county recorder’s office by title company representatives.

12) HOME SWEET HOME

Receive the keys to your new home

About the Author

Montana Gabrielle Hooks is an SF Bay Area Realtor in the East Bay. Local entrepreneurship, playing bass guitar, and singing live karaoke are a few of her favorite things. She serves on the Young Realtists Division, Oakland board is a member of the Associated Real Property Brokers. Follow her on Instagram or learn more about her on her website.