11 Steps to Buying Real Estate

There are a lot of variable factors based on the current market and your circumstances, but this is a chronological framework to start with.

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1. Choose a great Real Estate Agent (possibly moi) and talk to them about your goals.

2. Get your finances in order. That might mean talking to a lender (I will recommend a couple great ones), saving up money, fixing your credit, locating tax records, etc. Get preapproved, if obtaining a mortgage. If you will be paying cash, acquire a proof of funds letter from your financial institution. Check out the mortgage calculator on this page to mess around.

3. Look at properties and choose one that suits your needs and budget

4. Make an offer using a purchase contract/sale agreement and apply for your loan, if applicable

5. Conduct due diligence: buyer inspections (general home inspection, sewer, etc) and verify all the important facts about the house

6. Ask for repairs, if necessary, based on inspections and market conditions

7. Read your title commitment. This document will show the recent history of the property and whether or not the title is clear for transfer. It will also show any easements and CC&R's attached to the property.

8. If you are obtaining a mortgage there might be some waiting while appraisal and underwriting is completed. You will be asked to submit documents to your lender.

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10. Transfer utilities into your name, scheduled for the day after closing

11. Sign closing documents and Celebrate!