Your location: Home arrow Library Index arrow Library arrow General arrow Transaction Process Flowchart
| Print |  E-mail
User Rating: / 17
Library - General

Transaction Process Flowchart 

Initial Consultation; Financial Qualifications Commitment to Agent
 Market Education / Viewing Property 
Select a Home to Buy / Write the Offer
 Offer Presented to Seller 
 Negotiation of Terms 
 Ratified Sales Contract 
Schedule Inspections
Receive Disclosures
Open "Escrow"
Deposit Earnest Money
Search For Loan
Submit Loan Application
Review Disclosures
Have Inspections
Title Search
Preliminary Report
Loan Processing Starts
Property Appraisal
 Remove Inspection and Other Contingencies
Increase "Escrow" Deposit Funds
Loan Commitment
Remove Financial Contingencies
 Arrange for Homeowner's Insurance and Movers
Deposit Balance of Down Payment to "Escrow"
Sign Closing and Loan Payments
 Loan Funding
Record Title
Close Escrow, Get Keys, Welcome to your new home!

Not all transactions follow this process exactly. 
Consult your Real Estate Professional.


All site content Copyright