The home buying process in real estate is complicated. Understanding the home buying process is the first step to buying a home or other type of real estate.
The Home Buying Process in Lake Norman Real Estate
Familiarize yourself with the home buying process. The buying chart should be considered as your road map to your Lake Norman lifestyle.
| Get Your Finances in Order |
Your Credit Score | Improve Your Credit | What Your Lender Will Need |
| Find a REALTOR® you can trust |
Why Use a Member of ILHM | Why Use an Accredited Buyer Representative | Why Use a Graduate of REALTOR® Institute |
| Complete your Mortgage Application | Lender orders Credit Report |
Lender Verifies Employment |
|
| Analyze Your Needs & Price Range in a Consultation |
Bring Pre-Approval Letter |
Sign Working with Agents |
|
| Ways to Help Your REALTOR® | Search Property Online |
Decide Town or City to Live |
Determine Neighborhood |
| If your home is for sale, have it under contract before touring homes |
Have copies of your Contract available for your Buyer’s Agent |
||
| Select Final Eight Properties to Tour |
Sign Buyer Agency Agreement |
||
| Tour Properties – Thursday & Friday best days | Out of Town Buyers Schedule 1 month out. *All Buyers should be present for tour | In Town Buyers Schedule 2 weeks out. *All Buyers should be present for tour |
|
| Write an Offer to Purchase |
Earnest Money Deposit | Review Seller’s Residential Property Disclosure |
|
| Negotiate & Counteroffer |
|||
| Accept the Contract | Schedule Termite & Home Inspections |
Remove Contingencies |
|
| Lender orders Appraisal |
|||
| Rejection | Secure Underwriting |
Conditions | |
| Obtain Final Loan Approval |
|||
| Buyer Orders Survey | Buyer Orders Homeowners’ Insurance |
||
| Attorney does Title Exam | Attorney Orders Title Insurance |
Attorney Delivers Settlement Statement to Buyer for review |
|
| Close on the Property |
|||
| Take possession of your new property |
Paperwork to Keep |
*if not already Pre-Approved.
When buying property you might need to pay the following charges upfront so be prepared by having the funds in your account:
- Earnest Money
- Due Diligence Money
- Inspection Fee
- Appraisal
- Credit Report
Living around Lake Norman
When deciding which area of Lake Norman you would like to buy property and live you’ll want to compare what Cornelius, Davidson, Denver, Huntersville and Mooresville each have to offer; which town matches your lifestyle. Don’t forget to view Lake Norman links for more information about the entire Charlotte region. Real estate news offers charts of the latest home sales trends. This is just as important for home buyers as home sellers to know.
If you are planning on buying or selling a home in the Lake Norman area, search up-to-date, accurate MLS listings for Lake Norman real estate for sale, Cornelius NC real estate, Davidson NC real estate, Denver NC real estate, Huntersville NC real estate, Mooresville NC real estate and Lake Norman waterfront property. Be sure to keep up with the Lake Norman housing trends.
Thank you for visiting EstelleBrown.com. The real estate in Lake Norman offers something for every lifestyle. Learn more about Estelle Brown; her Lake Norman real estate business is based on matching homes with lifestyles; let’s find yours!