Property Buying Process Flow Chart
Property-Buying Process Flowchart:
- Initial Interview
Needs and Wants
- Property Search
View Properties
- Write Offer
Negotiations
- Contract
Read carefully
- Acceptance
Earnest Money
If cash offer, proceed to #8 (Title Company)
- Loan Pre-Qualification
Credit Report
Appraisal
Verification
- Underwriting
Rejection
Loan Approval
- Title Company
Title Search
Assemble Papers
- Closing
Have patience
- Possession
Congratulations!