Step One

1. Make a wish list of the things that are important to you in a home.
2. Contact a lender to determine how much house you can afford. We can provide you with a reputable and competitive group of financing options if you would like; just email us.
   • How much money do you have for a down payment and closing costs?
   • How much money will the mortgage company or bank lend you?
   • How much will it cost to carry a mortgage on a monthly basis?
3. Decide whether to work with an agent who represents the seller or a buyer's agent who represents you and your best interests. Choose an agent who is knowledgeable and with whom you enjoy working.
4. Look at houses.
5. Prioritize your wish list.
6. Find the house that works for you.

Step Two

1. Make an Offer to Purchase on the house you desire. A good faith deposit of $1,000 typically accompanies the offer.
2. Negotiate the offer. During each step of the negotiation, you or the seller may either accept, reject or make a counteroffer to the other’s proposal.
3. You and the seller come to a mutually acceptable agreement and an “Offer to Purchase” is signed by both parties.

Step Three

1. Hire a reputable home inspector to do an inspection on the house to determine the structural soundness of the house and the extent of any work needing to be done. A buyer's agent can offer you a list of reputable and skilled home inspectors.
2. Contact an attorney who specializes in real estate. We are a source for an excellent roster of fine attorneys; contact us if you would like a recommendation.
3. If you are buying a condominium, you and your attorney will review the condominium documents and budget on the property.
4. Shop for a mortgage company/bank that best meets your needs and provides high quality service.
5. Your attorney and the seller’s attorney will negotiate and come to a mutually acceptable Purchase and Sale Agreement (P&S).
6. You and the seller sign the Purchase and Sale Agreement. An additional deposit representing 5-10% of the sales price accompanies the P&S.
7. Apply for a mortgage.
8. Receive a mortgage commitment. Typically it takes a lender 2-4 weeks from application to provide a mortgage commitment.
9. Once the commitment is given, the bank attorney will take approximately 1-2 weeks to arrange for a title search and prepare for the closing. During this time you will:
   • Fulfill any mortgage commitment conditions.
   • Purchase homeowners insurance.
   • Arrange for the utilities to be put in your name.
   • Plan your move.
   • Do a final walk-through review of the house.
10. The Closing (passing of papers and receipt of the house keys from the seller) occurs.

Congratulations! You are now the proud owner(s) of your new home.