7. You are well on your way to owning your new home. Most of the next few steps will be done by your Realtor and your lender and their respective companies. Your main job will be to start packing!

8. Title insurance will be ordered from the title company who will be doing the closing of your new home. Typically the seller chooses the title company. When your Realtor receives a copy of the preliminary report he/she will look it over to see if he/she sees any red flags. Your Realtor will give you a copy for you to look over and make sure it is acceptable to you. According to your buy sell you have a certain number of days from the time your Realtor receives the preliminary title report for you to accept the report. This time frame is usually 3 or 5 business days.

9. Your lender will order an appraisal of the property from a licensed appraiser. The appraiser will measure the outside of the home and look at the property inside and out. The appraiser will do a report that includes the comparable properties along with other information that he/she used to determine the value of the home you wish to purchase.

10. By the time you are notified that the home appraised for the sales price all of your other contingencies should have been met and removed or expired.