Time and Action Flow Chart

Buyer's Time and Action Flow Chart

BUYER
|
Initial Consultation
Financial Qualifications
Commitment to Agent
|
Market Education
Viewing Property
|
Select a Home to Buy
Write the Offer
|
Offer presented to Seller
|
Negotiation of Terms
|
RATIFIED SALES CONTRACT
/                         |                         \
Schedule Inspections
Receive Disclosures
|
Open "ESCROW"
Deposit Earnest Money
|
Search for Loan
Submit Loan Application(s)
|
Review Disclosures
Have Inspections
|
Title Search
Preliminary Title Report
|
Loan Processing Starts
Property Appraisal
|
Remove Inspection and Other Contingencies
Increase "ESCROW" Deposit Funds
|
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|
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|
Arrange for Homeowners Insurance
Arrange for Movers
Loan Commitment
Remove Financial Contigencies
\                                     /
Deposit Balance of Down Payment to "ESCROW"
Sign Closing and Loan Papers at Title Co.
|
Loan Funding
Record Title
|
CLOSE ESCROW - GET THE KEYS
WELCOME HOME!