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13 Complete Steps In The Home Buying Process Simplified by Garrett Forbes

13 Complete Steps In The Home Buying Process Simplified 
by Garrett Forbes



One of the big mysteries of real estate is the complete process of a real estate transaction. I have simplified the process to better educate those who are interested in purchasing a home or investing in real estate. 


Step 1 Make a strong offer. Strong offers that are more likely to be accepted include: No contingencies (inspection, loan, and appraisal contingency), a shorter close of escrow (from 30 days to 21 days), higher down payment, and your real estate agent having good communication with the listing agent.

Step 2 Once your offer is accepted then escrow is opened with the title company. Most times listing agents will pre-open escrow with a title company of their choice. In the offer, you are able to request a title company of your choice. =

Step 3 A fully ratified contract of the acceptance of your offer will be sent to the title company, escrow officer, the transaction coordinators, your lender, and the listing agent.

Step 4  The Earnest Money Deposit is due within 3 business days upon your offer being accepted.  It is recommended that you wire the deposit as it is secure, private, and simple.  The title company gives you specific instructions on how to wire, none of the information is shared with anyone else.  You also can drop off a cashier's check in person to the title company. (real estate agents are not able to drop off cashiers check for a client for security purposes)

Step 5 Scheduling inspections. The normal inspections (at the buyer's cost) include home inspection, pest inspection, and roof inspection.  Depending on the property it may be recommended to get other specific inspections.  Even in a very competitive market as it is right now it is still best to do inspections on the property you are purchasing.  Your agent is required to attend all inspections though you are not.  The reports are normally available within 24 hours.

Step 6  AVID is then completed by the buying agent.  This document is simply observing the property exterior and interior.  Your agent is in a sense making notes of anything that sticks out such as any damage to the property.  This document is important to ensure that the property you are purchasing is in the same condition when escrow closes. 

Step 7 The title company will provide a Preliminary report as well as a Natural Hazard Disclosure report (NHD) on the property for your agent and you to review.  It is recommended to review all documents with your agent.  

Step 8 Next the inspection reports are available to review.  Upon review with your agent, a decision is made on what credit or request for repairs you would like to request.  After an agreement has been made by both parties and performed then the inspection contingency is removed. 

Step 9 Around this time an appraisal will be scheduled with the listing agent where they meet the appraiser at the property to go over comparable properties to show the value of the property. It is best for the listing agent to provide as much factual knowledge to the appraiser to ensure worth.  Sometimes appraisers are sent from out of the area and aren’t educated on the area they are appraising which can then result in the property not appraising.  Once the appraisal is cleared your lender will provide closing disclosures for you to review. At the same time is when the loan contingency is removed once your lender gives approval.

Step 10 Now comes the final walkthrough normally 3-7 days prior to closing escrow with your agent you which will ensure the property is in the same condition from when the offer was accepted.

Step 11 Your lender will be scheduling a notary for you both to sign the final documents for the title company.  Normally signings take place at the title company.  During this time notaries are mobile.  They can come to your house or meet in a safe public place. Ensure to communicate your preference to your lender.

Step 12 The down payment will be due normally 7 days before closing.

Step 13 Next the escrow is successfully closed and I get to give you your keys to your new home.

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Level Up Realty
Nicole Solari
490 Chadbourne Road, Suite A123
Fairfield, CA 94534
DRE# 02014153

IDX Content is provided via the Internet for consumers’ personal, non-commercial use. Variable Price’ indicates the seller is willing to entertain offers within a Listing Price Range. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. IDX provided by Commissions Inc. Data last updated:October 4, 2022
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