1. Financing – preapproval from a lender is essential in today’s market, or proof of funds if a cash purchase
2. Find the right house, at the right price, when you want it
3. Prepare the offer – Residential Purchase Agreement
• Price
• Length of escrow
• Earnest money/ good faith deposit (3% of purchase price is standard)
• Down payment and loan amount, unless a cash purchase
• Other terms – financing, inspections, home warranty, escrow and title companies