Home Buying

What steps are involved in buying a home.

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Home Buying par Mind Map: Home Buying

1. Size

1.1. Sq FT

1.2. Bed & Bath

2. 1ST - Decide to Buy

2.1. How Much house

2.1.1. Location

2.1.1.1. Needs

2.1.1.1.1. Needs 1

2.1.1.1.2. Needs 2

2.1.1.1.3. Needs 3

2.1.1.2. Wants

2.1.1.2.1. Wants 1

2.1.1.2.2. Wants 2

2.1.1.2.3. Wants 3

3. 2nd - Hire a Realtor

3.1. Interview & Consultation

3.1.1. Sign a Buyers Rep

3.1.2. Experience

3.1.3. Reputation

3.1.4. Knowledge of Area

3.1.5. Ratings

4. 4th - Find a Home

4.1. Location

4.1.1. Schools

4.1.1.1. Commute

4.1.1.1.1. Neighborhood Stability

4.2. Price

4.2.1. Fixer Upper or Move In Ready

5. 5th - Make an Offer

5.1. Price, Terms and Contingencies

5.1.1. Rejected

5.1.2. Counter Offer

5.1.3. Accepted

5.1.3.1. Perform Due Diligence

5.1.3.1.1. Inspections

5.1.3.1.2. Appraisal and Title Commitment

5.1.3.1.3. Home Owners Insurance

5.1.3.1.4. Set Up Utilities

6. 6th - Pre-Move inMove In

6.1. Confirm Utilities are on and In your Name

6.2. Walkthrough

6.2.1. No Problem

6.2.1.1. Go to Closing

6.2.2. Problem

6.2.2.1. Fix Problem

6.2.2.1.1. Go to Closing

7. 3rd - Secure Financing

7.1. Don't BUY ANYTHING NEW

7.2. Choose a loan officer

7.2.1. Check Credit Report

7.2.2. Check Rates

7.2.3. Get Pre Approval

8. 7th - Closing Day

8.1. Title Company

8.1.1. Certified Funds

8.1.2. State Issued ID

8.1.3. Evidence of insurance

8.1.3.1. Get Keys

8.1.3.1.1. Arrange Movers

9. 8th - Welcome Home