Overview of Buying Process
The Cape Cod homebuyer…
- Considers purchasing a home or property
- Selects a Real Estate Buyer Agent
- Determines needs and wants
- Determines financial situation and obtains pre-approval for mortgage, if necessary
- Views and researches potential homes, either through internet, newspaper, realtor advice, driving around, and more
- Makes an Offer to Purchase. Negotiations occur
- Offer accepted. Purchase & Sale Agreement is signed
- Mortgage loan application is submitted
- Inspections and contingencies are satisfied
- Title search and appraisals are conducted
- Mortgage commitment is obtained
- Closing occurs where papers are signed, keys exchanged and funds go to seller
- Documents are recorded with the local Registry of Deeds