1. Get Pre-Approved and Meet with an experienced real state consultant from Casa By Alba.
- Meet with a loan officer of your choice who will examine your income and other financial information to determine the price range for which you are qualified.
- Get Pre-qualified.
- Obtain a pre-approval letter.
- Obtain a "Truth in Lending" letter explaining the costs of borrowing money.
- Learn about the many loans available to buyers in today's market.
- Learn about closing costs.
- Meet with a consultant from Casa by Alba.
2. Begin viewing homes with Casa by Alba
- Casa by Alba will search for the houses in the area based on your price range.
- Always be open with us and help us understand exactly what you are looking for, so we can meet your particular needs and help you find the exact house you are looking for.
3. Prepare the offer
- Casa by Alba will provide you with a comparative market analysis on the property or properties of your choice in order to assist you in making an informed decision.
- Casa by Alba will also go through the contract with you in details and complete your offer.
- Negotiations will proceed until both the buyer and seller agree on all terms and sign.
- All documents will be sent to the title company where a file will be opened, and title commitment and property tax information ordered.
4. Make your loan application
- Give your loan officer a copy of the contract and apply for the loan.
5. Inspect the property
- Select an inspector and arrange for both a general inspection and wood-destroying insect inspection.
- Casa by Alba also can provide information about other environmental assessments.
6. Appraisal and survey of property
- The lender and title company will make arrangements for the property appraisal and survey.
- The buyer will be provided a copy of the Title Commitment Letter.
- The buyer will make arrangements for homeowner's insurance, and arrange for the insurance agent to talk with the closing officer at the title company.
7. Seller's closing is also arranged
- Buyer receives a copy of the closing statement for review prior to closing.
- Buyer does a final walk-through inspection of the property.
- Casa by Alba will arrange a closing date and time with the buyer and title company. Seller's closing is also arranged.
- Buyer brings a cashiers check for all closing costs and the balance of the down payment.
8. After the closing
- Documents are sent to the buyer's loan company for approval and funds are disbursed.
- The title company receives and funds all money from the loan company.
- Payment of any accrued expenses in connection with the closing are due including taxes, attorney's fees, professional real estate fees and title company fees.
- Legal documents will be recorded in the office of the county clerk and mailed to the buyer.
- Title company prepares and issues the title policy, and sends it to the loan company and new home owner.
