Homebuying Process

1. Get Pre-Approved

Begin conversation with a Lender about getting a loan application started and get a pre-approval

Be sure to talk to your lender about down payment requirements,

and options, including down payment assistance programs

Need a lender?

Gold Summit Lending offers TBD Pre-approvals, so you can get

pre-approved while you're shopping for your dream home! **

2. Call Scott Realty Co.

Let's find you your dream home!

Meet one of our agents to discuss what's important in your next home

We'll set up search parameters to help find homes that best fit your criteria and set up showings to view them in person

We will also gather pertinent information regarding homes and the market to ensure you'll have the data to make the best informed decision

3. Make an Offer

After finding your dream home, we'll help you write an offer - detailing the price and the terms for the sellers to accept, reject, or counteroffer.

When submitting an offer, earnest money will be required to show

that you are serious and willing to demonstrate an earnest of good faith

During this stage, it you may be excited, emotional, and sometimes stressed. But you'll be glad to have Scott Realty Co. at your side working hard for your best interest

4. Offer Accepted

Once the seller accepted your offer and both parties have signed the purchase contract and your earnest money deposit will be put into a trust account until closing

You will finalize your loan application with your lender

Order property inspection and appraisal (if applicable)

5. Review

Lending underwriter will review your loan package, to determine what additional information they need to complete the loan

Shop for homeowners insurance, your lender will need proof of insurance before approving your loan

Guardians Insurance can provide some homeowner insurance quotes**

Review inspections and appraisal reports. If there are any issues, we will re-negotiate and request repairs/concessions from the seller

6. Clear to Close

Final documents are sent to the title company, and a closing day will be scheduled

Gather required closing cost fees and get a certified or cashier's check for closing, or prepare a wire to the title company

You will conduct your final home inspection walk-through before closing and ensure repairs (if any) are completed and home is move in ready

7. Closing

Final purchasing documents will be signed to complete the mortgage paperwork

Title will transfer from the seller to you and you get the keys to your new home!

Congratulations!

** Scott Realty Co. is does not have any ownership in Gold Summit Lending or Guardians Insurance. Sam Chhor is a licensed real estate broker associate with Scott Realty Co., a licensed mortgage loan originator with Gold Summit Lending, and a licensed insurance broker with Guardians Insurance. Borrowers/Home Buyers are not required to use any particular real estate company, mortgage lender, or insurance company and are not required to use one company in order to receive service from the other.

Agents must disclose any affiliated business arrangements and provide clients with a ABA disclosure .

Scott Realty Co.