The Home Buying Process
Step 1 Loan Prequalification
Relocating to Cary, NC? You will need to get prequalified for your home loan. You can certainly go to your bank or credit union but we have found using one of our preferred lenders make the process much smoother. Please give us a call so that we connect you with a lending partner. The lender is going to look at things like your credit score, income, and debt to determine the amount of home you would be qualified to purchase.
Step 2 Let the Search Begin
Using one of the experienced agents at DiProfio Homes, you will begin the home search. Your agent will set you up on a personalized home search where you will receive updates as homes come on the market that matches your customized search criteria. You and your agent will tour homes. Once you find a home that is a great fit for you, you and your agent will put together an offer. Your agent will pull comparable sales to help you decide on an offer price. The terms of the offer will be submitted and negotiated. When your offer is accepted you are officially under contract. Once you are under contract the due diligence fee and earnest money deposit are due.
Step 3 The Due Diligence Period Begins
Once you are under contract your due diligence period begins. This is the time that your agent will be helping you set up any inspections that you would like to have performed. You may have a home, termite, radon, well, and septic inspection, depending on the home. You may also want to order a land survey. During this time, your lender will have your appraisal completed.
Step 4 The Wait
Once the due diligence period has ended you will be continuing to work with your lender to get all needed paperwork into them so that the loan can be finalized. Things are typically quiet during this time as we are just waiting on closing.
Step 5 Closing Day
This is the day you have been waiting for! You will meet your agent at the home for a final walk-through and then it is off to the attorney’s office to sign the closing documents. Typically, you will be able to get the keys to the home on closing day. Home sweet home!