The Offer Process

In the buying process there are several things to consider before and after your offer has been accepted by the Seller. Here is an overview of the entire process.


The Burke Team Will Interview You To:

  • Determine your criteria in a home
  • Discuss parameters
  • Discuss financial qualifications

Get Pre-Qualified by Lender:

  • A loan pre-qualification approval letter is obtained from your lender

Arrange Property Tours:

  • Tour available homes that suit your needs
  • Ask your Realtor about the current market

Target a Home That is “Ideal” and Write the Offer:

  • The Realtor will write the offer on your “Ideal” home
  • Writing an offer takes approximately 1-3 hours
  • Deliver your earnest money deposit

Counter Offer:

  • The counter offer is discussed and prepared by the Realtor



  • Once the offer is accepted and conveyed, escrow is opened
  • Earnest money is deposited at this time
  • Escrow orders a Preliminary report and sends copies to the agents and your lender
  • Escrow instructions are issued to all parties

Loan Application:

  • Submit a completed loan application to the lender of your choice with all necessary documentation

Contingency Period:

  • Buyer receives and approves Seller’s Real Estate Transfer Disclosure Statements
  • Buyer approves Preliminary report
  • Physical inspections/post inspections are completed
  • Property appraisal and loan approval are in progress

Homeowner Insurance Coverage:

  • Buyer’s obtain a Homeowner Insurance Policy for their new home and insurance information is given to escrow
  • Escrow orders a copy of the Homeowners insurance policy for the new lender prior to escrow closing

Signing Documents at WFG National Title Insurance Company:

  • Buyers need to bring current photo ID to sign notarized loan documents
  • Copies of title and lender documents are given to buyers

Down Payment and Closing Costs:

  • The escrow officer provides you with a Buyer’s Estimated Closing Statement which itemizes your costs and advises you of total monies due
  • The buyer brings a cashier’s check several days prior to closing


  • The lender sends funds

Close of Escrow:

  • The deed is recorded at the County Recorder’s office. You will receive the original back from the county record in about 6 weeks.
  • The keys are transferred from the seller to the buyer