CT Home Buyer Resources

All You Need to Know About the Connecticut Home Buying Process

All Connecticut home buyers have the same goal in mind: to buy the most home for your money. To help make sure you understand every detail in your home buying process, we have clearly laid out what you can expect to happen in the process. As you can see in the home buying flow chart below, the process is complicated and is best left to the skills of a knowledgeable team of Connecticut Realtors. That’s why we are here to help every detail of the home buying process!

Typical milestones in the Connecticut home buying process include:

  1. Schedule a home buying consultation and establish a working relationship with a Realtor
  2. Evaluate your finances
  3. Secure a credit report and a loan pre-approval letter
  4. Determine your home buying wants and needs
  5. Based on your pre-approved price range, determine neighborhoods to search
  6. Search and select homes for preview within your qualified price range
  7. Write and negotiate your purchase offer based on a home value analysis (CMA)
  8. Include your earnest money check
  9. Acceptance of your purchase offer (or counter-offer)
  10. Satisfy all purchase contract contingencies
  11. Schedule a home inspection
  12. Negotiate any significant inspection issues (if needed)
  13. Secure your mortgage commitment
  14. Complete the mortgage application
  15. Complete a home appraisal
  16. Complete mortgage verifications (employment/salary)
  17. Final underwriting and mortgage commitment
  18. Satisfy all mortgage commitment conditions
  19. Order title insurance
  20. Clear any title issues (if needed)
  21. Obtain clear to close on your Connecticut home from mortgage lender
  22. Schedule your closing
  23. Buyer’s pre-closing walk-thru
  24. Attend closing and provide funds to close
  25. Take possession and move in!

Making It Possible for You to Purchase Your Dream Home!

As you can see, the Connecticut home buying process is a complex real estate transaction. Just remember, the process doesn’t have to be stressful. Think of the home buying process as an opportunity for you to buy a home that will be your oasis. Your Connecticut area home will be a place where lasting life memories are created for you and your family. Contact us, Elaine and Tom Burns, today and together we will help you find the Connecticut home of your dreams!

Questions? Just Ask!