Information provided by your Southern California Real Estate Partners at www.MLSHomeQuest.com . Please contact Steve Graham (Virtual Realty) with any questions at (951) 833-5818.
Transaction Process Flowchart
| Buyer | ||
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| Initial Consultation; Financial Qualifications Commitment to Agent | ||
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| Market Education / Viewing Property | ||
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| Select a Home to Buy / Write the Offer | ||
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| Offer Presented to Seller | ||
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| Negotiation of Terms | ||
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| Ratified Sales Contract | ||
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| Schedule Inspections Receive Disclosures | Open "Escrow" Deposit Earnest Money | Search For Loan Submit Loan Application |
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| Review Disclosures Have Inspections | Title Search Preliminary Report | Loan Processing Starts Property Appraisal |
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| Remove Inspection and Other Contingencies Increase "Escrow" Deposit Funds | Loan Commitment Remove Financial Contingencies | |
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| Arrange for Homeowner's Insurance and Movers | ||
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| Deposit Balance of Down Payment to "Escrow" Sign Closing and Loan Payments | ||
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| Loan Funding Record Title | ||
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| Close Escrow, Get Keys, Welcome to your new home! | ||
Not all transactions follow this process exactly.
Consult your Real Estate Professional.