Buying Process

Our buying process is designed to empower you with the knowledge, resources, and support you need to make informed decisions and find your perfect home.

Real estate buying process

Step One

Get Pre-qualified for a Loan

Getting pre-qualified for a real estate loan involves providing a lender with basic information about your income, debt, and assets, after which they will assess your financial situation and provide an estimate of the mortgage loan amount you could potentially qualify for. This pre-qualification is not a guarantee of a loan, but rather an initial step in the mortgage process that can help you determine your budget and narrow down your home search.

Step Two

Start Shopping

Shopping for a home after being pre-qualified involves identifying properties within your budget and criteria, visiting open houses, scheduling viewings, and ultimately making an offer on a property that meets your needs and financial constraints. Throughout this process, it's important to work closely with your real estate agent and lender to ensure a smooth transaction.

Step Three

Negotiate an Offer & Order an Inspection

Negotiating an offer involves making an initial offer on a property, receiving a counteroffer from the seller, and engaging in a back-and-forth process until both parties agree on a purchase price. Once the offer is accepted, ordering a home inspection involves hiring a professional inspector to thoroughly evaluate the property for any potential issues or defects that may need to be addressed before the sale can be finalized.

Step Four

Order an Appraisal

Ordering an appraisal on a home involves hiring a licensed appraiser to assess the value of the property, taking into consideration various factors such as the property's size, location, condition, and comparable sales in the area. The appraisal report can then be used by the lender to determine the appropriate loan amount and ensure that the property's value is in line with the purchase price.

Step Five

Underwriting for Loan Approval

Underwriting for loan approval involves a thorough review of your financial information and creditworthiness by the lender's underwriter, who will assess your ability to repay the loan and verify that all documentation is accurate and complete. Based on this evaluation, the underwriter will either approve or deny your loan application, or request additional information or documentation to make a final decision.

Step Six

Closing Documentation

Closing on a home involves a final walkthrough of the property to ensure it is in the agreed-upon condition, signing all necessary documents and paperwork, and transferring funds to cover the down payment, closing costs, and other fees associated with the purchase. Once this process is complete, ownership of the property is officially transferred to the buyer and the sale is finalized.

Start Shopping for a Property

Enter the city and type of property you are searching for.

Shopping for property in Idaho along the coast of a lake next to mountains.

Our Team is Here to Help

Don't be overwhelmed with the real estate buying process! Working with a great real estate team can make all the difference, providing you with the guidance, support, and expertise you need to navigate the process with confidence and ease.