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You deserve our Arizona Lifestyle
SunTree's Home Purchase Procedure
Step 1.
- Pre-qualified with your professional agent to know what price you can afford.
- Decide what location, features and priorities are important to you
- View several homes in your price range before making a choice.
Step 2.
Make an offer to purchase. This offer must be in writing and accompanied by an earnest money check. The offer should include:
- The amount you are willing to pay
- Closing and occupancy dates
- Any contingencies, including obtaining of a mortgage and building and pest inspections
- Any personal property specifically included or excluded
If the offer is not accepted, further negotiations are necessary to reach terms agreeable to both buyer and seller.
Step 3.
When the buyer and seller agree on terms, the buyer immediately applies for financing, taking the necessary credit information to the lender. The buyer should stay in touch with the loan officer weekly during the loan approval process.
The lender will arrange for a credit report and appraisal of the property and begin processing the loan. This could take 2-6 weeks depending on the type of financing requested.
Step 4.
Once loan approval is received, the agent will see that the abstracting is begun and all necessary contingencies are met.
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