TIMELINE FOR BUYING YOUR HOME



to begin:  select ERICA COVELLE as your CENTURY 21 COMMONWEALTH agent and get pre-approved for a mortgage.

Day 1
            Offer submitted with $1,000 personal check

Day 2
            Offer accepted; hire a home inspector

Day 7-10
            Home inspection completed

Day 10
            Hire an attorney to look at the Purchase and Sale Agreement

Day 10-14
            Sign Purchase and Sale Agreement with additional 5% deposit

Day 16
            Submit completed mortgage application

Day 28-35
            Lender issues mortgage commitment

1 WEEK BEFORE CLOSING
            Obtain home insurance binder for closing

DAY BEFORE CLOSING
            Final walk-through

DAY 40-60
            Pass papers at closing (one-two hours)


This timeline represents approximately 60 days.  The time periods shown on this chart are fairly typical but may differ in your situation, depending on various needs and negations between the Buyer and Seller.

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