• Negotiate a reasonable Price for the home.
• The Seller will supply a contact of sale
• The contract must be reviewed carefully
• Once acceptable, the contract and down payment is returned to the Seller.
• An Engineering Inspection is a good idea at this point
• Application for mortgage is made
• Title insurance and searches are ordered
• Title issues are reviewed and cleared if necessary
• Survey Inspections are conducted if necessary
• Review adjustments and mortgage proceeds with your attorney
• Schedule the closing, once the mortgage lender is clear to close
• Attend closing - and be prepared to sign a bunch of papers!!!!

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INTEREST RATES DROP AGAIN!

As of June 28, 2007 - Freddie Mac's Primary Mortgage Survey - the 30 year fixed-rate mortgage (FRM) is at 6.67. That is down .11 from last year!

• Put your house in "ready to sell" condition
• Have your house appraised to set a reasonable selling price
• List the house either privately or with a realtor
• Once a bid is received decide if it is acceptable
• Once accepted, your attorney will draw the contract of sale and send it to the Buyers
• Be sure to include a copy of the property survey if you have one
• Upon acceptance by the buyers, the down payment is placed in escrow and the process of approvals begins
• Closing will be scheduled only when the mortgage lender has approved the loan as "clear to close" and the title work is completed.