Buyer Success Framework
Financing Checklist
Preparation
  • Check credit score (aim for 620+; 740+ for best rates).
  • Review credit report for errors and dispute inaccuracies.
  • Calculate debt-to-income ratio (should ideally be below 43%).
  • Establish a monthly budget for housing expenses (consider mortgage, insurance, taxes, HOA fees).
  • Determine down payment goal (5-20% for conventional loans, 0% for VA loans, 3.5% for FHA loans).
Savings
  • Save for the down payment.
  • Save for closing costs (2-5% of purchase price).
  • Establish an emergency fund (3-6 months of living expenses).
  • Reserve funds for moving and initial home setup (utilities, minor repairs, furniture).
Pre-Approval
  • Research and compare lenders.
  • Gather documents (W-2s, pay stubs, tax returns, bank statements, identification).
  • Get pre-approved for a mortgage.
Home Search Checklist
Preparation
  • Identify needs vs. wants (e.g., number of bedrooms, location, school districts).
  • Research neighborhoods (crime rates, amenities, commute times).
  • Decide on type of home (single-family, condo, townhouse, etc.).
  • Set a realistic budget based on pre-approval and other expenses.
Search Process
  • Partner with a real estate agent.
  • Use online tools and apps for home searches.
  • Schedule and attend open houses or private showings.
  • Evaluate each home using a checklist (e.g., condition, layout, potential repairs).
Decision-Making
  • Research comparable homes (price trends in the area).
  • Check property tax rates and HOA fees.
  • Plan for future resale value (location, amenities, market trends).
We are based in San Antonio, TX so if you're looking for homes in the area, feel free to start here!
Under Contract Checklist
1
Offer Phase
  • Determine offer price based on market trends and comparable sales.
  • Submit a written offer through your agent.
  • Include contingencies (inspection, appraisal, financing).
2
Option Period
  • Deliver the option fee and earnest money deposit to the title company.
  • Schedule a home inspection.
  • Review inspection report and discuss findings with your agent.
  • Negotiate repairs or request seller credits, if applicable.
  • Decide whether to proceed with the purchase or terminate the contract.
3
Pending
  • Order an appraisal (typically arranged by your lender).
  • Complete additional inspections (e.g., termite, foundation, pool) if needed.
  • Ensure all contingencies are being met (e.g., financing approval).
  • Review title commitment and resolve any issues with the title company.
  • Confirm receipt of homeowners association documents (if applicable).
4
Pre-Closing
  • Secure homeowners insurance and provide proof to your lender.
  • Finalize your loan approval (submit any additional documentation).
  • Review the closing disclosure (received at least 3 days before closing).
  • Schedule your final walkthrough to confirm the home’s condition.
  • Arrange funds for closing (wire transfer or cashier’s check).
5
Closing
  • Attend the closing appointment to sign all necessary documents.
  • Pay closing costs and the remaining down payment.
  • Verify transfer of title and receive keys to your new home.
  • Celebrate and move into your new home!
Post-Closing Checklist
Immediate Tasks
  • Collect keys, garage remotes, and other access devices.
  • Change locks and codes.
  • Set up utilities (water, electricity, internet, gas, etc.).
  • Update your address with USPS, banks, and other institutions.
Settling In
  • Test and familiarize yourself with the home's systems (HVAC, water heater, etc.).
  • Create a maintenance schedule (e.g., HVAC servicing, gutter cleaning).
  • Keep copies of closing documents in a safe place.
Financial Organization
  • Set up automatic payments for your mortgage.
  • Track tax benefits for homeowners (mortgage interest deduction, property tax deductions).
  • Plan for ongoing expenses (repairs, renovations, upgrades).