For Buyers
WNY Home Buying Process
- Select a real estate agent to represent you.
- Obtain financial pre-approval for a mortgage.
- Begin your home search.
- Find your dream home and make an offer.
- Select a real estate attorney and obtain attorney approval on the contract.
- Select a home inspector and have home inspection.
- Contact your mortgage lender and complete the formal loan application process.
- Receive loan commitment from your mortgage lender.
- Receive the clear to close from your mortgage lender.
- Close on your home.
- Collect the keys and move in!
Common Closing Costs in WNY
- Down Payment
- Title Insurance
- Appraisal
- Deed Recording Fee
- Credit Report
- Loan Application Fee
- State Mortgage Tax
- Notary Fees
- Private Mortgage Insurance
- Points or Loan Discount Fees
- Insurance Escrow for Homeowners Insurance
- Property Tax Escrow
- Proration for Your Share of Utility Bills and Property Taxes
- Home Inspection