BUYERS

SELLERS

Prospective buyer considers the purchase of a home
 

 Homeowner decides to sell

Selects a Buyer’s Agent to answer questions and to begin searching for a home
 

 Seller selects a Listing Agent

Buyer’s Agent explains what “buyer agency” means to them and the process of buying a home
 

Listing Agent explains services

Discuss the advantages
of pre-approval

Listing Agent presents
marketing plan

 Buyer makes mortgage
application and credit report

Seller prepares home for marketing (depending on home and market, agent may suggest professional staging by an Accredited Staging Professional)

Buyer Agent interviews buyer to determine what kind of homes they are looking for and begins a search for available listings

Listing Agent markets the home

Buyer and Buyer’s Agent inspect homes that meet the buyer’s requirements

Listing Agent reports to owner

on progress as per agreement

Select home.  Offer is written and presented to via Listing Agent to the Seller

A showing has resulted in

an offer that is presented

 Offer is Accepted

Possible contingencies:

• inspections
• subject to sale
• financing

Possible contingencies:

• inspections
• subject to sale
• financing

Arrange for inspections, if necessary

Mortgage approval subject to appraisal – appraisal ordered

Title company or seller’s attorney updates abstract or searches title

 Attorney does Title opinion

 Arrange for closing with attorneys, lender, buyer and seller and their agents

Pre-closing walk through with Buyer and Buyer Agent

CLOSING