The Home Buying Process

The Home Buying Process


 

Becoming a homeowner is a long sought after achievement. Being prepared is one of the most
important keys to having a smooth and seamless transaction.

Here are the steps you can expect in the buying process:

• Home buyer obtains pre-qualification from lender
• Home buyer purchases desired home with assistance from a real estate agent
• Contract is accepted/home is placed in escrow
• Loan application is submitted to lender
• Lender orders title and property appraisals
• Loan materials are reviewed & processed
• Loan submitted to underwriting for approval
• Closing agent coordinates insurance and prepares transfer of final materials
• Loan documents are signed
• The loan is funded and recorded
• Home buyer gets the keys and moves into his/her new home

*Provided by The Nichols Lending Team

Search The Home Buying Process Homes for Sale

New Listings

Listing Picture Coming Soon
$430,000
FREDERICKSBURG, VA
3
beds
2
baths
Listing courtesy of Long & Foster Real Estate, Inc. MRIS
Featured picture for the property ST10216237
$259,900
STAFFORD, VA
4
beds
2
baths
Listing courtesy of Long & Foster Real Estate, Inc. MRIS
Featured picture for the property ST10216128
$354,900
FREDERICKSBURG, VA
3
beds
3
baths
Listing courtesy of Long & Foster Real Estate, Inc. MRIS
Featured picture for the property ST10216111
$330,000
STAFFORD, VA
4
beds
4
baths
Listing courtesy of Keller Williams Realty MRIS
Featured picture for the property ST10216062
$294,900
STAFFORD, VA
3
beds
4
baths
Listing courtesy of Redfin Corporation MRIS
Updated Apr 20, 2018 8:36:pm
Information deemed reliable but not guaranteed. Listing data provided by Metropolitan Regional Information Systems, Inc.

Today's Market Trends for The Home Buying Process *

$425,620

0.02%

$139

-0.01%

817

0.15%

March

February

 

718

668

 

 

0.08%

-0.02%

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Chart Temporarily Unavailable

* All data pertains to single-family homes