Steps to Home Ownership

Get a realtor

Members of the National Association of REALTOR® have a strong Code of Ethics, extensive training and a wealth of community information. All agents at Nemmers Realty are members of the NAR and are committed to providing excellent customer service.

Loan pre-approval

“Pre-approval” means you have met with a loan officer, your credit files have been reviewed, and you can qualify for a loan amount. The loan officer provides a pre-approval letter for use when making an offer. This letter shows your financial strength and that you have the ability to go through with a purchase.

Look at homes

Using basic measures such as general location and affordability, you can refine the search and focus on homes that offer the most desirable features.

Give a list of wants, needs and priorities to your realtor. They can use this list to find potential properties, set up viewings and provide specific conditions for purchase.

Choose a home

A house is a shelter, but a home is far more. It’s where you live, relax, entertain, raise a family and work. The realtor helps sift through the many property options and guide you towards homes that best fit your needs.

Get funding

Often the cost of real estate financing is greater than the original price. Your realtor can point out any added costs and recommend loan sources.

Make an offer

Buyers’ property interest, along with market conditions, location value, similar property sales and current market condition are all considered to arrive at a property’s fair market value. The realtor works with the buyer to determine market value and assists with negotiating an offer.

The offer is presented to the seller to accept or come back with a counter offer. It is important for buyers to remain in close contact with their realtor during this process.

Inspect and walk through

A number of inspections are common before closing, but not necessarily required. Some more common include:

  • • Home Inspection
  • • Pest Inspection
  • • Radon Inspection
  • • Lead Inspection
  • • Septic Inspection (if applicable)
  • • Well Inspection (if applicable)

The realtor and buyer work together to determine which inspections should be included with the offer. A few days prior to closing the realtor and buyers do a final walkthrough to ensure all agreed upon inspections are complete and the property is now acceptable to transfer.


At closing the title is transferred, keys given and payment passed to the seller. Deeds, loan papers, and other documents are prepared, signed and filed with local property record office.

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