San Diego Home Buying Process

Home Buying Process

The San Diego Home Buying Process has many stages. Please call us to help you navigate your home buying transaction.

Get Pre-qualified by a Lender

• Obtain a pre-qualification letter.

Property Research and Tours with Agent

• Your Agent will research the market for you.
• Your Real Estate Agent will show you homes.

Find the Right Home and Write an Offer

• Work with you agent to right a good offer.

Present the Offer

• Your real estate agent will prepare a presentation highlighting the benefits of your offer and your strength as a buyer.
• Your agent will present the offer to the sellers agent and they will present to the seller.
• The sellers will either accept the offer, counter offer, or reject it.

Counter Offer

• Your Real Estate Agent will will discuss the counter offer if needed and how it relates to your goals and prepare a response.

Escrow

• When signed by all parties, the listing agent will open escrow.
• Your earnest money will be deposited at this time.The escrow officer will order a Preliminary Report and send copies to your agent and lender.

Loan Application

• Submit a completed loan application to the lender of your choice and provide the lender with all the necessary documents.

Contingency Period

• Buyer’s approval of Seller’s Real Estate Transfer Disclosure Statement “TDS”.
• Buyer’s approval of Preliminary Report.
• Physical inspections/pest inspections.
• Property appraisal and loan approval.

Home Owners Insurance Coverage

• Select an insurance company and discuss coverage.
• Give insurance agent information to escrow; Escrow will need to order a copy of the policy for the new lender prior to escrow closing.

Signing Documents

• Your lender will send the loan documents to the title company.
• You will receive copies of the title documents and lender documents.
• You will need a current phot I.D.

Down Payment and Closing Funds

• Submit a cashiers check to the title company several days prior to closing.
• The escrow officer will provide a Buyer’s Estimates Closing Statement which will itemize your costs and credits with an estimates of total moneys due.

Funding

• The lender will send funds to the title company.

Close of Escrow

• The deed will be recorded at the County Recorder’s office by the Tile Company (you will receive the original back from the County Recorder in approximately 6 weeks).
• Your Realtor will coordinate with you the transfer of the keys and delivery of possessions.

Move in!