1) Establish relationship with agency and sign buyer's agreement.

Not Designated

2) Determine wants and needs.

Not Designated

3) Determine what is affordable.

Not Designated

4) Understanding lending options;
a) Types and lengths of loans
b) Types of lenders

Not Designated

5) Obtain Loan Status Report from Lender.

Prior to making offer (it will be included with the offer)

6) Preview Homes

Not Designated

7) Determine which Title Company to use.

Prior to making offer (title company will be named in contract)

8) Make offer on home.

Not Designated

9) Review counter offer, accept, counter or reject.

Will be designated by seller in counter-offer or signed agreement.

10) Provide agent with earnest money and make sure money is available for immediate withdrawal.

At the time of signing final offer.

11) Shop for lenders and rates.

Not designated

12) Complete loan application.

Within 5 days after contract acceptance.

13) Prepare need documentation & paperwork for lender.

Within 5 days after contract acceptance.

14) Grant lender permission to access credit report.

Within 5 days after contract acceptance.

15) Pay all required loan application fees.

Within 5 days after contract acceptance.

16) Instructs lender to provide updates.

Within 5 days after contract acceptance.

17) Notify the seller of changes of the loan program, terms, or lender, if applicable.

Immediately

18) Respond with requested information (loan information, statement of identity and how to take title).

Best to return completed form within 3 days of receiving.

19) Review Seller's disclosures and CC&R's, agree, cancel contract or negotiate acceptable terms.

Within 10 days of acceptance of contract (unless otherwise stated in agreement)

20) Review inspection results:
a) Request the seller correct items
b) Cancel contract

a) Within 10 days of acceptance of contract (unless otherwise stated in agreement)
b) Immediately

a) Within 5 days after seller's response
b) No action required

22) Confirm with title company acceptable forms of payment for the balance of the down payment due at closing.

Minimum 14 days prior to closing -- see Understanding Arizona's "Good Funds "Requirements"

23) Call utilities to turn on effective closing date.

Close of escrow

24) Deposit balance of down payment and closing costs to escrow (good fund requirements).

Depends on type of deposit -- see Understanding Arizona's "Good Funds Requirements"

25) Provide proof of insurance coverage to title company.

Prior to close of escrow

26) Sign closing documents and closing papers.

At the request of the title company, usually within a couple of days of the scheduled closing.

27) Pick-up keys and take possession.

After county recorder transfers title.