9 STEPTS TO BUYING YOUR HOME

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MEET 

RUDAN & SKEEN 

We value a solid relationship. After all, we will be working closely together in finding your ideal home to meet your unique needs. We’ll also help you to stay connected to the constant flux of the real estate market while providing guidance in your buying process. 

SECURE A LENDER 

When you work with us, we help you arrange financing to explore your best options. What’s great about getting pre-approved: It’s FREE! 

The approval process in securing a lender entails acquiring your credit report and score. By doing this in advance, we can show the seller that you are a serious and qualified buyer. Once we find your ideal home, we'll need to include copies of the following:
› Pre-Approval Letter 

› Credit Score 

› Proof of Funds 

Your lender will also provide you with an estimate of the amount you will need to present at close of escrow. 

OFFER TO 

PURCHASE 

So you have found a home of your dreams and are pre-qualified! We will draft a Purchase Agreement, informing you of customary practices, local regulations, and protective contingencies. You will need to provide an "earnest money" deposit at this time, commonly 1% of the purchase price. This deposit is not cashed until your offer is accepted by the seller. We will present your offer to the seller's real estate agent. 

The seller will then either accept, counter or reject your offer. 

SELLER’S 

RESPONSE

We will present you with the seller's response, then negotiate on your behalf according to how you would like to proceed until we achieve a deal with your best interest in mind. 

OPEN

ESCROW 

Once the purchase agreement is accepted and signed by all parties, we will open escrow for you. Your "earnest money" will be deposited at this time. All funds associated with your transaction will be handled by your escrow company. 

CONTINGENCY PERIOD

This time period is determined by your purchase agreement and is used to obtain and perform the following items: 

› Physical Inspection
› Property Pest Inspection 

› Property Appraisal
› Obtain Loan Approval
› Approval of Seller’s Transfer

  Disclosure Statement 

› Preliminary Report Approval 

  from Title Company
› Satisfy Purchase Contingencies 

HOMEOWNER’S 

INSURANCE 

We will work with your escrow officer and insurance agent to ensure your policy is in effect by the close of escrow. 

FUNDING OF LOAN OR 

CASH TO CLOSE

Prior to the closing date of escrow, you will need a cashier’s check or wire transfer for the balance of your closing costs.

CLOSE ESCROW

You will sign all loan documents and closing papers when all conditions of the purchase agreement have been met. After you deposit the balance of your down payment and closing costs to the escrow officer, your lender will deposit the balance of the purchase price. The County Recorder's office will record the deed, and we will deliver to you, the keys to your home!