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The Home Buying
Process
Buying a home can be
complicated, but we do our best to make it easy
Here are the
basic steps in buying a home through OEHB:
Initial Consultation
-
Call your OEHB
coordinator
-
Determine your
needs and priorities
-
Assign a
Prudential Real Estate professional
-
Meet with agent
to discuss needs
-
Discuss
financing options
Obtaining Financing
See
The Home Loan Process
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Consultation with loan officer
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Pre-qualification
-
Complete loan application
-
Obtain
loan pre-approval
-
Provide requested documentation
Finding the Right Home
-
Agent
shows you homes based on your criteria
-
Evaluate each property with agent
-
Review
preliminary title report
-
Choose
the right home
Preparing an Offer
Review
comparable sales to determine offer price
Decide
on other terms (inspections, possession date, personal property,
etc.)
Prepare earnest money deposit
Write
offer
Reaching an Agreement
with Seller
Agent
presents your offer
Negotiation of terms and possible counteroffers
Sign
agreed upon sales contract with seller
Completing the
Settlement Process
Deposit of earnest money
Review
seller’s property disclosures
Inspections (Pest & dry rot, whole home, etc.)
Remove
any remaining contingencies
Arrange for homeowners insurance
Arrange for home warranty
Arrange for movers
Final
walk-through of property with agent
Provide balance of down payment and closing costs
Sign
documents
Loan
funding
Recording of title
Receive keys from agent
Congratulations! You're a homeowner!
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