Joe and Jason Summarize The Home Buying Process in 10 Steps

We know that buying a new home, especially in the current sellers market can be intimadating, and if you are a first time home buyer you may not know where to start.

We hope that our video can help simplify the process or at least gives you a great summary so that it feels less stressful.

This is a part of our Home Buyer Presentation series.

If you are interested in seeing the flow chart and learning more about How to Buy A Home visit our buying page.

10 STEPS TO BUYING A HOME WITH A REALTOR – INFOGRAPHIC

10 Steps To Buying A Home With A Realtor

VIDEO TRANSCRIPT

hi everybody I’m Joe Kiser and I’m
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Jason Fox we are The Madrona Group real
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estate team. Today we’re going to talk about
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the 10 steps to the home buying process.
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this can be a little bit intimidating
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especially if you’re a first-time
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homebuyer.
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we want to try to help simplify so
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we broke it down to ten
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basic steps. the first is securing
00:22
representation that’s us, but
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along with that we also want to make
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sure we find the right lender for you
00:29
because that’s an integral part of our
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team. step two is negotiating the
00:33
offer. so once you find that house it’s
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important that you have somebody on your
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side looking out for your best interests.
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step three is the purchase and sale
00:42
agreement. once we’ve arrived at the
00:44
house that you want to purchase and we’ve
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come up with the terms that you’re okay
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with we’re gonna put that on what’s
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called a purchase and sale agreement or
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the contract. once we have the offer
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secured the next step is a home
00:56
inspection. that’s where we hire somebody
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to go out and inspecty the home who will
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deliver a full report that we can look
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over and decide if we want to continue
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moving on with the process. the fifth
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step really is to continue to monitor
01:07
you and help you through the rest of the
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transaction process. there’s a lot of
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moving parts now we’re working with
01:13
lenders, appraisers, inspectors and
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we need to make sure that you’re still on
01:17
on the right course. the sixth step is
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fulfilling the loan commitment. that’s
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where you’re gonna be in contact, and
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we’re gonna assist you, with making sure
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that all the documents are getting to
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the lender as they need to keep the
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process moving forward.
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now we’re at step 7 that’s the appraisal.
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what that is is when the bank actually
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sends a third party person to go
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out and evaluate the value and condition
01:41
of the home that you’re purchasing to
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make sure that the lender is going to
01:44
secure financing on it. next is title and
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escrow. initially a title was ordered so
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that we could make sure that the
01:50
property was clear of any enchroachements
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or liens. escrow is the party that’s
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going to actually collect all the
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paperwork and form a neat little file
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and then bring you in for closing at the
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end and file the deed to County for
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record. now we’re at the final week of
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closing. you’re getting ready to get your
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keys you’re gonna be getting calls from
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people at escrow to come in and sign and
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we’re gonna be there to just kind of
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make sure that you know where to be and
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when to be there.
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finally the post closing services.
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congratulations!! this is where your agent
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should be following up with you and
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staying in contact with you for any the
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questions and needs that you might have
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after the process
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completes. awesome, thanks guys. thanks for
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watching.
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