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