Redfin

JUNE 23, 2025

Home appraisal If the buyer is financing the home, the lender will usually require a home appraisal to ensure the home’s value supports the loan amount. Title search and insurance A thorough title search is essential to uncover any potential issues with the property’s ownership. How the Process Works 3.

Due diligence

Realty Biz

JULY 1, 2023

Additionally, the buyer should carefully review the seller's disclosures, which provide information about the property's history, known defects, and other relevant details. This stage involves working closely with a mortgage lender or financial institution to assess eligibility and secure a suitable loan.

Purchase and sale agreement

HomeLight

OCTOBER 20, 2022

This establishes your ownership, along with details such as purchase price and previous seller disclosures. Many FSBO sellers will purchase a pre-listing appraisal. The buyer’s lender will probably require their own appraisal as part of their loan approval process. Preliminary title report. Mandatory disclosures.

Purchase and sale agreement

AAOA

MARCH 20, 2025

Get a Free Multifamily Loan Quote Access Non-Recourse, 10+ Year Fixed, 30-Year Amortization GET A FREE QUOTE Due Diligence Period Essentials The due diligence period typically starts after a Purchase and Sale Agreement is accepted and is a set timeframe during which you must examine the property thoroughly. Remember, no building is perfect.

Due diligence

HomeLight

NOVEMBER 10, 2021

Or that FHA loan limits vary widely, too? Buyers who are moving from one area of the country to another could be shocked at the difference in prices and loan limits. The conventional loan limit is much higher in Massachusetts, she explains, “so I qualified for a higher mortgage with only 5% down.” Step 9: Order an inspection.

Inspection

HomeLight

MARCH 13, 2023

Joseph has encountered active military who recently purchased homes with a VA loan, but got orders to ship out only to find that their home hadn’t appreciated much in a short time. Home-buying companies generally pick up closing costs including title search and title insurance that usually range from 1.5%

Sales

HomeLight

JUNE 30, 2021

Lenders can also approve you for different loan amounts, give you different interest rates, and charge varying fees. Title contingency. During a home purchase, a title search is done to ensure that the seller is the property owner with full rights to sell. This is why shopping around for a mortgage is so crucial !

Purchase and sale agreement