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Congratulations! You’ve made the step to becoming a homeowner. It’s a pleasure to work with you at this incredible time. I am here always to assist you with the process. However, for your convenience you can use this quick guide as reference.

1. Prepare for the hunt. Figure out how much home you want to spend, your wants and needs in a home and its location.

2. Shop for a loan and receive a preapproval. You should speak with a lender to familiarize yourself with different loan products as well as the loan process, documents required, current rates and how much mortgage you are comfortable paying.

3. View homes and decide on a home that suits your needs.

4. Make an offer. We will make an initial offer with hopes that it is accepted, but if not we will continue to negotiate until both parties come to common terms, or an accepted offer.

5. Within 5 days of receiving an accepted offer, you will make formal application for a loan and complete the loan process. Your lender will also request documentation from you and your Realtor such as information regarding the home, ordering an appraisal, verifying employment, bank statements, W-2’s etc.

6. Within 10 days after acceptance, we will set up a home inspection through a licensed home inspector to inspect your new home and assure that all things are functioning as intended. A WDO (wood destroying organisms) can also be conducted at the same time, but must be done within 20 days of an accepted contract. The WDO checks for damage that may be caused by termites, wood rot, etc. This is a buyer’s cost which is usually paid at the time of service.

7. Obtain homeowner’s insurance atleast 5 days prior to the closing date. It is best to try several companies for quotes. Your auto insurer is always a great start, but always shop for the best deal.

8. Closing time. Bring all funds required at closing in a cashiers check along with 2 forms of identification as well as your writing hand. There will be many documents to sign. You will receive copies of all of the documents you sign at closing. The closing agent or attorney will review these documents with you.

9. Move in and enjoy your home. Don’t forget to have your mail forwarded as well as connect all utilities.

Elite Realty Group of Jacksonville