Timeline for Buying
Your Home Courtesy of The Madden Team
To
begin, give The Madden Team a call and get pre-approved for a mortgage.
In order to keep you on track for this Timeline for Buying Your Home we
have qualified mortgage advisors that we could recommend for you, if
needed. This timeline for buying your home
represents approximately 60 days. The time periods shown on this chart
are fairly typical but may differ in your situation, depending on
various needs and negotiations between Buyer and Seller.
DAY ONE
- Offer submitted with
$1,000 personal check
DAY TWO
- Offer accepted; hire a
home inspector
DAY 7-10
- Home Inspection completed
DAY 10
- Hire an attorney to look
at the Purchase
and Sale Agreement
DAY 10-14
- Sign Purchase and Sale
Agreement with additional
5%-10% deposit
DAY 16
- Submit completed mortgage
application
DAY 28-35
- Lender
issues mortgage commitment
1 WEEK BEFORE CLOSING -
Obtain home insurance binder for closing
DAY BEFORE CLOSING -
Final walk-through
DAY 40-60
- Pass papers at closing
(1-2 hours)
Check back for a slightly more indepth explanation of the different
stages of The Home Buying Process: Pre-Approval, The Offer, The
Inspections, The Purchase and Sale Agreement and The Closing
;)
;)
