THE HOME PURCHASE, ONE STEP AT A TIME
BY ERIC BOULER

PURCHASE AGREEMENT
  • OFFER PRICE
  • DATE TO CLOSE
  • FINANCING TYPE AND RATE
  • DOWNPAYMENT
  • LOAN APPROVAL DEADLINE
  • CLOSING ATTORNEY
  • INSPECTIONS DEADLINES
  • HOME WARRANTY
  • PROPERTY & LEAD BASE PAINT DISCLOSURE
  • AGENCY DISCLOSURE SIGNED

ACCEPTANCE OF CONTRACT
  • DEPOSIT TO LISTING BROKER
  • YOU CHOOSE TITLE COMPANY
  • 10 DAY INSPECTION BEGINS
  • HIRE INSPECTORS GENERAL, TERMITE, PLUMBING, POOL
  • BE THEIR DURING INSPECTIONS
  • ALL WILL GIVE YOU A WRITTEN REPORT
  • FOLLOWUP INSPECTIONS IF NEEDED
  • INSPECTION RESPONSE BY DAY 10
  • SETTLE ON REPAIRS OR DOLLAR AMOUNT

APPRAISAL AND INSURANCES
  • APPRAISAL DONE AFTER INSPECTIONS
  • HOMEOWNERS INSURANCE , START EARLY
  • FLOOD INSURANCE , FLOOD ELEVATION SURVEY
  • CALL SEVERAL TO COMPARE
  • COPY OF MLS SHEET FOR INSURANCE AGENT
  • CHECK WITH LENDER TO BE UPDATED

TITLE COMPANY NEEDS
  • SET DATE AND TIME FOR CLOSING
  • CASHIERS CHECK TO CLOSING MADE TO TITLE CO.
  • SUPPLY INFO ON INSURANCES
  • ORDER FLOOD ELEVATION SURVEY
  • ORDER SURVEY IF NEEDED
  • TITLE INSURANCE FOR LENDER AND YOU
  • HUD STATEMENT , BREAKDOWN OF COSTS
  • LENDER SUPPLIES LENDING INFO TO TITLE COMPANY
  • BRING PICTURE ID TO CLOSING
  • DON'T FORGET CERTIFIED CHECK

FINAL WALK THRU
  • REVIEW REPAIR WORK AND RECEIPTS
  • CHECK HOME FOR CHANGES
  • UTILITIES READY TO TRANSFER
  • WATER , GAS , PHONE , CABLE , AND ELECTRICITY
  • RE-KEYS LOCKS UPON CLOSING
  • HOME WARRANTY CONTRACT
  • SIGN YOUR NAME NUMEROUS TIMES
HOME OWNERSHIP STARTS
  • LET ERIC KNOW HOW YOU ARE DOING
  • HAPPY TO ANSWER FURTHER QUESTIONS
  • ALWAYS APPRECIATE REFERRALS

Return to New Orleans Real Estate
Eric Bouler Email At:
Prudential Gardner Eric@ericbouler.com
4509 Veterans Blvd. Phone:
Metairie, LA 70006 (504) 212-0072