The Home Buying Process

Buying

The Home Buying Process


Buying a home is one of the most exciting—and complex—transactions of your life. While there are some individuals who will have a different process due to individual circumstances, the typical home buying process includes about 15 steps:

  • Submit loan application to the lender with any required documentation
  • A pre-qualification may then be obtained from the lender
  • Select a real estate agent- Wait you have me, Beth Paislye!
  • Let’s go home shopping!
  • I’ll negotiate the purchase price
  • Contract is sent to the lender, who updates the application and requests updated documentation, if applicable from you, borrower.
  • Home inspection
  • Loan officer submits the file to processing at which time the appraisal, title, and tax
  • certification are ordered and borrower provides insurance information
  • File is submitted for Underwriting which may require additional documentation from the borrower to be resubmitted to Underwriting
  • Final loan approval
  • Closing documents sent to the title company or attorney
  • Settlement Statement is given to borrower
  • Required closing costs are established
  • It’s time to close! Borrower brings a photo ID, signed closing documents and closing costs in the form of a cashier’s check or wired funds to the title company
  • Funding – congratulations, you’re a Winchester homeowner!

I can transform the home financing process from a complex transaction to a straightforward, rewarding experience with a trusted professional. Contact me today to get started!

 

#Winchester Virginia, Homes for sale in Winchester VA and West Virginia, Long and Foster Real Estate Winchester Virginia, Beth Paisley Realtor, VA, West Virginia including the counties of Frederick, Berkeley, Jefferson, Shenandoah, Clarke, Realtor, real estate agent, homes for sale in Frederick county VA, homes for sale in northern Virginia, Long and Foster Webber Real Estate, 480 W. Jubal Early Dr. Winchester VA 22601