Steps to home buying:

Are you ready?

The first step in the home buying process is to determine your readiness. This includes reviewing at your finances timeline, lifestyle needs and future plans. RightSize Realty Associates would be happy to have an initial consultation with you to help you decide if you are ready.

What can you afford?

RightSize Realty Associates works with many lenders and will provide lender resources so you can choose the right one for you. With your mortgage broker, you will work though financing options, ultimately gaining a pre-approval letter. If you are a cash buyer, you will want to obtain a proof of funds letter. Proof of ability to buy or finance is becoming a standard part of an offer contract.

Hire your agent

Once you have determined your needs and obtained pre-approvals, it’s time to engage with a RightSize Realty Associates Realtor. This means signing a Buyers Representation Agreement. This is a contract that holds us accountable to you and you to us. RightSize Realty Associates will then help create a home buying plan and guide you through the home-buying process.

Time to shop!

Once your needs and wants are defined, it’s time to see properties. By creating a personalized board on RightSized Realty we will be in frequent communication. How long will it take? This is determined by your search criteria and market availability. On average, most people see between 7-10 properties before making an offer.

Making an offer

After choosing a property, RightSize Realty Asso. will look at market comparable data to help you create a great opening offer. After your offer is submitted, negotiation should occur, which may take a few days or more. Our negotiation skills will help you achieve your new home with a win-win negotiation.

Option / Inspection Period

An option period allows a buyer to do their due diligence including things like a home inspection and making sure the property will allow you to do the things you want to do - like put in a swimming pool. (RightSize usually requests a 10-day option period). During this 10-day period you can cancel your contract for any reason. A home inspector should be used to make sure everything checks out in the new home. RightSize Realty Associates can help coordinate this inspection. Sometimes we may need to call in a specialist for a second opinion.


If an option fee has been paid and terms agreed to, (and we strongly recommend it in most cases), now is the time to negotiate repairs or terminate the contract. The option period usually lasts for 7-10 days.


If you are financing, your lender will send an appraiser to the home to give an independent assessment of the home’s value. The appraiser has the ultimate say in whether the home is worth the contract price. A survey will also be required; this is an illustration of the properties legal boundaries and structures. If you are paying cash, the appraisal and survey are recommended but not required.

Final Approval

If you are financing, your mortgage broker will be finalizing lending documents before closing and may need up-to- date financial information. The underwriting team will ensure you are at full approval and ready for close. If you are paying cash, RightSize Realty Associates will help you interface with the Title Company agreed upon in your offer contract to get you ready for closing.

Closing the transaction

Closing day is the culmination of all this hard work and the beginning of your new adventure. You will meet at the title company where you will complete the title transfer from seller to you. Once this process is complete, funds will be transfer and you will have keys to a new home!