Your Home Buying Journey
From pre-qualification to closing, we'll guide you through every step of the home buying process. Here's what to expect when working with EDP Realty.
Get Pre-Qualified
Start your home buying journey by getting pre-qualified for a mortgage. This critical first step helps you understand your budget and shows sellers you're a serious buyer.
What Happens:
- Meet with a lender to review your financial situation
- Receive a pre-qualification letter stating your budget
- Understand your down payment and closing cost requirements
- Learn about different mortgage options and rates
Partner with a Realtor
Work with an experienced EDP Realty agent who will guide you through the entire process, provide market expertise, and advocate for your best interests.
What Happens:
- Discuss your needs, wants, and must-haves
- Review neighborhoods and local market conditions
- Set up MLS alerts for new listings
- Create a customized home search strategy
Home Shopping
Tour homes that fit your criteria and budget. Your realtor will arrange showings, provide insights on each property, and help you evaluate pros and cons.
What Happens:
- Schedule and attend property showings
- Evaluate homes based on your criteria
- Research neighborhoods and local amenities
- Compare properties and narrow down your favorites
Make an Offer
Found the perfect home? Your realtor will help you craft a competitive offer based on market analysis, comparable sales, and property condition.
What Happens:
- Review comparable sales and market data
- Determine your offer price and terms
- Include contingencies (inspection, appraisal, financing)
- Submit offer with earnest money deposit
Offer Accepted
Congratulations! Once your offer is accepted, you'll enter the contract phase. Your earnest money is deposited, and contingency periods begin.
What Happens:
- Sign the purchase agreement
- Deposit earnest money into escrow
- Open escrow with a title company
- Order homeowners insurance
Home Inspection
Hire a professional inspector to thoroughly examine the property. This protects you from unexpected repairs and gives you negotiating power.
What Happens:
- Schedule inspection within contingency period
- Attend the inspection to ask questions
- Review detailed inspection report
- Negotiate repairs or credits with seller if needed
Appraisal
Your lender orders an appraisal to ensure the home's value supports the loan amount. This protects both you and the lender's investment.
What Happens:
- Lender orders appraisal from licensed appraiser
- Appraiser evaluates the property
- Review appraisal report with your realtor
- Address any value concerns if necessary
Final Walk-Through & Closing
The final step! Complete your walk-through to ensure the property is in agreed-upon condition, then sign closing documents and receive your keys.
What Happens:
- Conduct final walk-through 24-48 hours before closing
- Review and sign closing documents
- Bring certified funds for closing costs and down payment
- Receive keys and officially become a homeowner!
Ready to Start Your Home Buying Journey?
Let our experienced agents guide you through every step of the process. We're here to make your home buying experience smooth and successful.
Total Timeline
On average, the entire home buying process takes 30-45 days from accepted offer to closing, though this can vary based on market conditions and financing.
Costs to Expect
Beyond your down payment, budget for closing costs (2-5% of purchase price), inspection fees ($300-500), appraisal ($400-600), and moving expenses.
Our Commitment
EDP Realty agents are with you every step of the way, providing expert guidance, market knowledge, and personalized service to ensure a successful home purchase.