Home Ownership 101By Chad Everts

After Pre-Approval

Finding Your Dream Home

1. Setup Search Criteria

2. Narrow down list to go see

3. Tour Top Selections

4. Make offer to purchase home

5. Inspection Period

6. Closing

Search Criteria

1. BLC Search Criteria

2. Price

3. Location

4. Style

5. Amenities

6. Age of home

7. Etc.

Touring Homes

1. Select a manageable number

2. Realtor will schedule and route

3. Typically 30 minutes per home

4. Realtor will maintain an ongoing

list remarks

5. Review and proceed accordingly

The Purchase Agreement

Pending Period

1. Earnest Money

2. Inspections

3. Loan Approval

4. Title Work

Small Details

1. Insurance

2. HOA

3. Utilities

1. Inspection Responses

2. Contractors

1. Get You To Closing!

2. Final Walk Thru

The Closing

1. Held at a Title Company

2. Lender “funds” Loan

3. Closing of all liens and mortgage

4. Take Ownership

5. Final Step to the Home Purchase

6. Enjoy Your New Home!

Next Step

1. Call ELFCU and get pre-approved for a Mortgage

2. Contact Chad Everts to begin the Home Search

3. Have Fun and Enjoy the Homebuying Experience

Contact Us

Questions?