Keep track of your progress in the process of buying a new home. Each
of the steps below lists who is responsible for that step.
Pre-qualify for financing
Realtor or Lender
Determination of needs/preferences
Buyer
Property search
Realtor, Buyer
Provide pre-qualifying letter
Lender
Make purchase offer
Realtor/Buyer
Draw contract
Realtor
Sign & initial contract
Buyer
Get receipt for earnest money from
Title Company Option period (if applicable)
Realtor
Pay option fee to Seller
Realtor
Arrange for utilities during inspection
Seller
Schedule house inspection per contract
Buyer
Schedule septic system inspection
(if applicable)
Buyer/Realtor
Schedule termite inspection
Buyer/Inspector
Complete home inspection
Inspector
Make amendments from inspection
if applicable
Realtor/Buyer
Accept property
Realtor/Buyer
Make appointment for loan application
Realtor/Buyer
Loan lock (interest rate locked in
with Lender)
Lender/Buyer
Get good faith estimate of closing costs
Lender
Get title commitment & review
Title Company/Realtor
Loan approval
Lender/Buyer
Complete survey
Title Company/Realtor
Arrange for homeowner’s insurance policy
Buyer
Set closing date & time
Realtor
Order homeowner’s warranty
Realtor
Initiate utility, phone, cable,
internet service
Buyer
Make moving arrangements
Buyer
Get closing amount from Title Company
Realtor
Obtain certified funds*
Buyer
Buyer walk-through
Realtor/Buyer
Review settlement statement
Realtor
Closing
All parties
Forward keys, garage openers, etc.
Realtor
Move in
Buyer
*Certified Funds – On the day of closing the Title Company closing
agent will need your funds in a certified check or a bank cashier’s
check. Make the check payable to the Title Company. You should be notified
of the exact dollar amount of the check necessary on day before closing.
Also, please bring your driver’s license to closing, as the Title
Company will require this to notarize your documents.
I
Mid Town Realtors, Inc.
5412 Wesley St.
Greenville, TX 75402
Office: 903.455.5852
Metro:903.450.1234
Fax: 903.455.5855 info@midtownrealtors.com