STEPS TO HOME BUYING!
STEPS TOWARDS PURCHASING YOUR OWN REAL ESTATE PROPERTY …
Congratulations, the 1st Step is making the decision to purchase a new home!
#2 Align with a Real Estate Agent, and a Lender:
- a. Your Agent will set up a search, provide you Lender Contacts, and review the overall process of the transaction
- b. Take time to select your Lender, utilize the reference sheet provided by Dody & Kay, and/or reach out to your bank, a credit union, or an online lender you prefer; the key is to acquire your Pre-Approval Letter which can be shared with potential Sellers upon request
- c. By now we will have your search set up with MIBOR – please activate your Portal, via your Welcome Letter. This will ensure you receive all incoming search results. Keep in mind if the search is not accurate, or you need a change let us know and we can easily update the criteria. Don’t be shy, and please do not spam or junk the emails, those actions will delay new emails.
#3 Showings – getting out there and checking out properties! The adventure that will
lead to finding your perfect home!
#4 MAKE AN OFFER:
- a. Fill out the Home Indy Realty Team link BUYERWANTS2MAKEOFFER
- b. You will receive several forms to review, if they represent your offer, and/or you accept & agree you will sign each form – these will be sent via Dotloop.com this is our document platform where we create, write, capture signatures, share, and store your file transaction documents
- c. Once everything is executed Dody & Kay will send the offer (all documents) over to the listing agent to present to seller.
#5 OFFER ACCEPTED: The next few items will be explained at each step, but the overview goes:
- a. EM Funds (these are deposited by Listing Agency & credited back to you at closing)
- b. Order your Home Inspection(s)
- c. Complete Loan Application & Order Appraisal
- d. Respond to Seller with Inspection Response
- e. Negotiate Inspection Response & Appraisal Results as needed
- f. Obtain you Homeowners Insurance quote
- g. Review Title Work, & Survey
- h. Set up Closing Date (usually this has been requested at time title company order has been placed by Dody/Kay)
- i. If Home Warranty – make final selection; Ordered by Dody/Kay
- j. 3 days prior to close you will sign Lender Closing Disclosure; this document
- is what actually allows the formal countdown of three business days to close
- k. Review Final Closing Statement
- l. Set up Final Property Walk-thru
- m. Wire/or attain your closing funds for title company (more information will be provided)
- n. CLOSING DAY – where you sign the final loan documents, and commit to accept the loan, and accept ownership of the property!
- o. Receive Keys & Obtain possession of your NEW HOME!
~ Your Home Indy Realty Team!
Dody & Kay
HomeIndyRealtyServices.com * HomeIndyRealty@gmail.com
Dody Mariscotti, MSOL/CFO/ REALTOR®, Call/Text: (317) 914-5557, DodyMariscotti@gmail.com
Kay Elwartowski, REALTOR®, Call/Text: (317) 663-3120, KaySellsIndy@gmail.com
Contact Me Today
Let's find you the right home at the right price.