OVERVIEW OF THE BUYING & SELLING PROCESS

Buyer

1

Considers purchasing a home

2

Selects a real estate agent

3

Determines needs and wants

4

Discusses financial issues

5

Views & researches target homes

6

Makes an offer to buy

Seller

1

Decides to sell property

2

Selects a real estate agent

3

Determines needs

4

Prepares home for marketing

5

Agent markets the home

6

Accepts, rejects or counters offer

7

Offer Accepted

8

Loan Application

9

Inspections

10

Title Search

11

Appraisal

12

Loan Approval

13

Closing Papers Signed

14

Documents Recorded

15

Funds Available To Seller

16

Seller Moves Out

17

Buyer Moves In