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To assist people with the buying and selling process we've created a brief summary of a real estate transaction.
Buyer
   
1.
 Considers purchasing a home
2.
 Selects a REALTOR
3.
 Obtains loan pre-approval
4.
 Signs relevant paperwork
5.
 Views perspective homes
6.
 Makes an offer to buy
                  
Seller
   
1.
  Decides to sell their property
2.
  Selects a REALTOR
3.
  Signs relevant paperwork
4.
  Prepares home for marketing
5.
  REALTOR markets the home
6.
  Reject/counter/accept offer
                    
7.
Offer accepted
8.
Escrow is opened
9.
Loan application is started
10.
Physical inspections
11.
Title search
12.
Loan appraisal
13.
Loan approval
14.
Closing papers signed
15.
Documents recorded
16.
Escrow closes
17.
Funds available to seller
Buyer moves in 
 Seller moves out


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