How The Purchase Process Works

In Simple Terms: A buyer finds a home, negotiates the terms of a purchase contract with the seller, gets an appraisal to verify value, orders a home inspection to check under the hood, and then signs final documents at the closing table where funds are distributed.

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Since local market conditions, location, rates, and property availability can complicate the process, having a trusted mortgage and real estate professional in your corner will help you avoid unnecessary anxiety.

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Basic Outline of the Homebuying Process

• Contact Town Team to get a pre-qualification letter

• Choose a Loan Program

• Find the Best Real Estate Agent

• Get the Property Under Contract

• Final Underwriting Process

• Signing Closing Documents

• Funding And Recording​

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Buying a new home is literally a team sport since there are so many tasks, important timelines, documents, and responsibilities that all need special care and attention.

Besides working with a professional team that you trust, it’s important that the individual players have the ability to effectively communicate and execute important decisions together as well.

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Contact Town Team Mortgage today at (312)-896-2114 if you'd like recommendations on how to choose the best real estate agent for your situation or if you have questions about where to start.