The Home Buying Process

The Home Buying Process


 

Becoming a homeowner is a long sought after achievement. Being prepared is one of the most
important keys to having a smooth and seamless transaction.

Here are the steps you can expect in the buying process:

• Home buyer obtains pre-qualification from lender
• Home buyer purchases desired home with assistance from a real estate agent
• Contract is accepted/home is placed in escrow
• Loan application is submitted to lender
• Lender orders title and property appraisals
• Loan materials are reviewed & processed
• Loan submitted to underwriting for approval
• Closing agent coordinates insurance and prepares transfer of final materials
• Loan documents are signed
• The loan is funded and recorded
• Home buyer gets the keys and moves into his/her new home

*Provided by The Nichols Lending Team

Search The Home Buying Process Homes for Sale

New Listings

Featured picture for the property ST10139913
Short Sale
$250,000
FREDERICKSBURG, VA
5
beds
3
baths
Listing courtesy of Samson Properties MRIS
Featured picture for the property ST10139451
Short Sale
$125,000
STAFFORD, VA
3
beds
4
baths
Listing courtesy of Q Real Estate MRIS
Featured picture for the property ST10130780
$355,000
STAFFORD, VA
3
beds
3
baths
Listing courtesy of Long & Foster Real Estate, Inc. MRIS
Featured picture for the property ST10139880
Foreclosure
$239,900
FREDERICKSBURG, VA
4
beds
3
baths
Listing courtesy of Berkshire Hathaway HomeServices Select Realty MRIS
Featured picture for the property ST10139851
$359,900
FREDERICKSBURG, VA
4
beds
3
baths
Listing courtesy of Coldwell Banker Elite MRIS
Updated Jan 23, 2018 10:20:am
Information deemed reliable but not guaranteed. Listing data provided by Metropolitan Regional Information Systems, Inc.

Today's Market Trends for The Home Buying Process *

$412,270

0.01%

$142

0.01%

682

-0.11%

December

November

 

772

843

 

 

-0.08%

-0.04%

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* All data pertains to single-family homes