Home Buying & Selling Process -Quick Snapshot

Sometimes a quick snapshot of an overall process is helpful. Buying a home involves a series of steps that best occur in a certain order. The outline below is a snapshot of those steps. For a more detailed understanding of the process you can read more about the home buying process (For Buyers) and home selling process (For Sellers).
 

Buyer 1 Considers purchasing a home 2 Selects a real estate agent 3 Determines needs and wants 4 Determines financial needs and obtains a loan prequalification/preapproval 5 Views & researches target homes 6 Makes an offer to buy Seller 1 Decides to sell property 2 Selects a real estate agent 3 Determines current market  conditions 4 Prepares home for marketing 5 Agent markets the home 6 Accepts, rejects or counters offer 7 Offer Accepted 8 Loan Application 9 Inspections 10 Title Search 11 Appraisal 12 Loan Approval 13 Closing Papers Signed 14 Documents Recorded 15 Funds Available To Seller 16 Seller Moves Out 17 Buyer Moves In