BUYING PROCESS

Step-By-Step Homebuying Guide

Below you'll find the step-by-step roadmap for purchasing a home - with support at every turn.

Home Buying Journey

Goal

Setting

Financial

Preparation

Market

Offer

Phase

Due Diligence

Phase

Closing

Phase

Post

Purchase

DOWNLOAD CHECKLIST

1.Goal Setting

Propbee offers detailed real estate insights, helping users navigate housing markets efficiently. 1-2 Weeks

DECIDE WHAT TYPE OF HOME FITS YOUR LIFESTYLE

What type of living space do you prefer: a ranch-style home, a condo, a townhome, or something else?

Search Properties

DETERMINE ESSENTIAL FEATURES

What type of living space do you prefer: a ranch-style home, a condo, a townhome, or something else?

Search Properties

SET YOUR TIMELINE

Identify the optimal time to make a purchase by considering your individual needs and current market conditions.

Review Market Insights

DETERMINE YOUR LOCATION

Identify your ideal location by considering your work, school, and personal preferences.

Search Properties

2.Financial Preparation

Propbee offers detailed real estate insights, helping users navigate housing markets efficiently. 1-2 Weeks

CHECK YOUR CREDIT SCORE

Review your credit score to comprehend its significance and the opportunities it provides.

DETERMINE YOUR BUDGET

To calculate your monthly mortgage payment, account for the loan amount, interest rate, and term. Include the down payment, closing costs, and any expected renovation expenses that could affect your budget.

Financial Projections

EXPLORE YOUR MORTGAGE OPTIONS

Explore mortgage options such as Rental Income Loan (for rental investments), Owner Occupied Loan (Traditional Home Mortgage) and Fix & Flip Loans.

Explore Financing

GET PREQUALIFIED FOR A MORTGAGE

This is an essential step in the home-buying process. It provides potential buyers with a clear understanding of their financial readiness and helps set a realistic budget.

Explore Financing

3.House Search

Propbee offers detailed real estate insights, helping users navigate housing markets efficiently. 4-8 Weeks

REVIEW MARKET INSIGHTS

Analyzing market trends requires identifying optimal locations by considering factors like neighborhood insights, amenities, commute times, and school ratings, all of which impact property desirability.

Review Market Insights

START YOUR HOUSE HUNT

Analyze your preferred properties by reviewing performance metrics like ROI, cash flow, and appreciation potential, while considering location and market trends. Use an AI-driven calculator to personalize financial projections based on specific variables and scenarios.

Search Properties

DECIDE ON YOUR DREAM HOUSE

Once you’ve reviewing the financials and fallen in love with the home, move on to the offer phase.

4.Offer Phase

Propbee offers detailed real estate insights, helping users navigate housing markets efficiently. 1 Week

GET A REAL ESTATE AGENT

Get your real estate agent assigned online through Propbee’s strategic partnership with Allen Tate Realtors. Receive first class services and enjoy up to 1% in Propbee rebates on your purchase

Get a Real Estate Agent

FINANCIAL REVIEW

This step involves taking a detailed look at your finances to ensure everything is in order before proceeding with any offers.

OFFER

Submit an offer on the property through your broker.

PAYMENTS

Once your contract receives approval, proceed with the payments for the Earnest Money and Due Diligence fees.

5.Due Diligence Phase

Propbee offers detailed real estate insights, helping users navigate housing markets efficiently. 2-4 Weeks

FROM CONTRACT TO CLOSING

Complete the following items:

Arrange for Home Inspection
Request Title Examination
Obtain Final Approval for Your Mortgage
Choose Insurance Coverage

Work through these steps with ease and transparency in the Propbee portal with real-time updates and information.

Explore Inspection Services Explore Insurance Services Explore Financing Services

6.Closing Phase

Propbee offers detailed real estate insights, helping users navigate housing markets efficiently. 2-3 Weeks

FINALIZATION

Finalizing due diligence involves thoroughly examining inspection reports, confirming ownership records while addressing any title issues, and obtaining the necessary coverage requirements. This process ensures all aspects of the property are verified before proceeding.

Insurance Inspection