–be a frequent shopper so that you can know the market. (Remember, if you go to an open house, to let the selling agent know that you already have your own agent.)
–You have 3 days to back out without an attorney
–Within 3 days, attorney must send out attorney review letter
Once both attorneys agree, all inspections must be done quickly
Fully apply for mortgage and submit all necessary documentation
Mortgage company will send out appraiser at your expense to appraise value of home. Generally, they will only loan 80% of appraised value.
Lawyer will order Title & Survey (you will pay for this with closing costs)
The night before or the day of the closing the realtor and buyer walk through the property to determine if the property was left in satisfactory condition