buyer resources
HOW IT WORKS
The Home-Buying Process
Purchasing a home is most likely the largest investment you will make. We are here to help you every step of the way.
Our agents are the top real estate agents in Alabama and are thoroughly trained in every step of the home buying process. They will become your trusted advisor at the start of your home search, and remain your advisor the entire time you own your home. Don't have an agent?
Get personally matched with a RealtySouth Realtor
You will meet with your Prosperity Home Mortgage Consultant regarding the purchase of your home and become pre-approved, determining how much house you can afford. From the application process to the closing, they are there to assist you and answer any questions you may have when it relates to purchasing your home.
Discuss the criteria for your home with your agent and begin the search process. Your agent will help you find available homes in your community to view.
When you have determined the home of your dreams, your agent will prepare a competitive offer to get you the best deal and guide you through negotiations. You will also discuss closing cost and the date of closing with your Prosperity loan officer.
Once the seller has accepted your offer and terms your RealtySouth agent will submit the contract and earnest money to RealtySouth. Your loan officer will also receive a copy of the contract.
During this time, you will schedule your inspections, this includes the home, wood infestation, the roof, pool and more. Your RealtySouth agent will provide you with a list of reputable and certified property inspectors for Alabama. Discuss your areas of concern with your agent, and they will submit your repair requests.
InsuranceSouth will shop the best rates and coverage for your home. From there, consider a home warranty through one of our trusted providers, American Home Shield® Home Warranty (AHS) or 2-10 Home Buyers Warranty®.
Once all inspections are completed and repairs negotiated your Prosperity Home Mortgage officer submits your file to underwriting and orders an appraisal. When the underwriting and appraisal are completed and all conditions cleared, you are approved!
After you have completed your final walk-through and reviewed your closing disclosure with your RealtySouth agent, it’s time to sign! Our experts at CanopyTitle will streamline all closing process paperwork while you sign and purchase your new home.
You have the keys and a copy of all signed documents, it’s time to make your house a home! As a buyer be sure to file homestead.