Buyers

The Process of Buying a Home

Finding and purchasing a home that will meet your needs is a significant and often stressful time. Our goal is to make this transition as smooth as possible. We are experts in the area, and once we learn what it is that you’re looking for, finding your dream home is simple.

Buyer Services

The Home Buying Process

One step at a time.

Counseling

Meet with Buyer Specialist to establish wish list and understand market conditions.

Pre-Approval

Connect with lender to be pre-approved for mortgage and to determine price range.

House Hunt

Visit properties that match your purchase parameters.

Make an Offer

Make an offer to the seller based on price and terms you choose.

Negociation & Contract

We will present all offers, negotiate the best one and ratify the contract.

Loan Processing

Begins once contract is ratified. Credit report is run and verification documents are requested by lender.

Negotiate Home Inspection

Home Inspector completes thorough inspection of home, and issues report of findings. Negotiate repairs with the seller.

Oder Appraisal

Lender orders appraisal (7-14 day turnaround).

Homeowners Insurance

Buyer orders homeowner’s policy, and requests binder be sent to settlement company. Orders flood insurance if applicable.

Inspections

Termite and moisture inspection is ordered. Well and septic inspections are ordered, if applicable. Seller normally pays unless sold “As Is.”

Underwriting

Once the loan processing is complete, underwriter makes final determination of loan approval.

Closing Conditions

Underwriter sends a list of closing conditions to Loan Officer to complete prior to settlement.

Loan Approval

Once closing conditions are cleared and settlement company has all title work, a “clear to close” is issued and the Closing Disclosure is sent to buyer for review (3 days prior to settlement).

Walk Through

Buyer does a final walk through of property several days before settlement to ensure all home inspection repairs are complete.

Utilities Transfer

Typically, buyer and seller agree to transfer utilties on the day of settlement.

Settlement

Buyer signs closing documents. Settlement company gets funding from the lender and records the deed.

Celebrate!

Get the keys to your new home and celebrate! You’re officially a homeowner!

Download Our Buyer's Guide

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Work With Us

At Team Hensley, we are a group of local real estate professionals, each with years of experience in their field. Whether it is first-time home buyers, online marketing, transaction management, or the latest in pricing strategies for your home, we have you covered.

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