Buying a Home - A Timeline

The steps to buying a home with explanations that will help everything go smoothly from the day you make the offer to the day of closing.

Each step includes articles written specifically about the issues you need to address and how to make sure you get the best home at the best price and close on time without drama.;xNLx;;xNLx;Your host is Chuck Marunde, J.D., Attorney (Ret.) and Real Estate Broker, Sequim & Port Angeles Real Estate, LLC.

2012-12-25 23:49:20

Before You Make an Offer #1

Before you make an offer on a home, there are several preliminary steps.

2012-12-26 12:06:09

Before You Make an Offer #2

Hire an agent who works exclusively for you, not a dual agent with a conflict.

2013-01-01 12:06:09

The Offer

Once you've found your dream home, the first step is drafting the offer.

2013-01-02 23:49:20

Negotiate the Best Price

Negotiating the best price and terms is the most critical step.

2013-01-03 23:49:20

The Counteroffer

You may receive a counteroffer. This is where you get in the trenches.

2013-01-04 23:49:20

Never Let an Offer Die

Be prepared for a counteroffer to the counteroffer. But it is also important to know the games people play. Dropping the ball in a negotiation by not responding to an offer is one of the biggest mistakes inexperience makes. Read this article at "Find Out More."

2013-01-05 23:49:18

Offer Accepted

When an offer is accepted, or the counteroffer is accepted, or the counter to the counter is accepted, you have mutual acceptance. This is when we address the contingencies in the agreement, usually found in the addendums to the agreement.

2013-01-05 23:49:20

Financing Contingency

The biggest contingency in most transactions the financing. The home must appraise for the sales price, not less.

2013-01-05 23:49:20

Inspection Contingency

The home inspection is critical, because it is here where you will discover potential problems with the property.

2013-01-05 23:49:21

The Appraisal Process

The appraisal process is substantially more challenging than it used to be because of new laws and new procedures.

2013-01-06 23:49:20

Short Sale Exceptions

If you've fallen in love with a short sale property, the buying process is full of little diversions from our regular process.

2013-01-07 23:49:20

Foreclosure Exceptions

And if you've fallen in love with a foreclosure, God forbid, you also need to bob and weave for the differences.

2013-01-09 23:49:20

Easements

There are many kinds of easements, including utility easements, road easements, well easements, and view easements.

2013-01-10 23:49:20

Private Well Contingency

If the home has a private well and is not on a public water system or a community water system, you will need a well inspection.

2013-01-10 23:49:20

Covenants (CC&Rs)

If you buy property with covenants, conditions, and restrictions, you will want to make sure you can do what you intend.

2013-01-11 23:49:20

Private Septic Contingency

A private septic system should be inspected as part of a buyer's due diligence. Knowing how to read the report is important.

2013-01-30 23:49:20

Escrow and Closing

A closing in Sequim or Port Angeles takes place in an escrow office. A title company and an escrow company are separate.

2013-01-31 23:49:20

Meet Chuck Marunde

I hope you've enjoyed this little timeline describing the process of Buying a Home. Contact me at my email or cell anytime.

Buying a Home - A Timeline

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