The Buying Process*
      Prospective homebuyers should familiar themselves with the role the agent, lender and escrow plays in the buying process.

    Before considering looking for a home, homebuyers should contact a lender to determine the maximum loan amount and monthly payments they qualify for. 

    Knowing how much a buyer can afford, an agent will help buyer to locate a home.

    Providing, buyer finds the right home, and  seller accepts buyer's offer, the agent moves forward to open escrow.

    

    Escrow is the deposit of instruments and funds with a neutral third party, with instruction to carry out the provisions of an agreement of contracts.

    During escrow, Escrow Instructions are signed, loan is processed & approved,  home insurance and inspections are ordered, title changes, home warranty is negotiated, etc. 

    As a Realtor, I recommend homebuyers to contact first a lender, before start looking for home with an agent.

    If you are in the market to buy a home, contact us now or e-mail.

  

 

*Real Estate business practice varies from region to region.  Information provided on this Webpage is base on the buying and selling process for Southern California, USA.  To find out more about real estate business practice in any other city, contact local real estate professionals.

Send mail to marthel@residenceguide.com with questions or comments about this web site.
Copyright © 2000-2004 MarThel