The Home Buying Process

Home Buying Process – Step By Step Guide

The Home Buying Process

The Process of Buying a Home

  • A step by step guide through the transaction process for both experienced and first time home buyers.

Buying a home is one of the largest investments most people will make in a lifetime, and we as Realtors are here to assist you through the process with dedication and your best interest at heart. Even if you have previously purchased a home, many laws and regulations have been changed within the Real Estate Industry in recent years. Many people choose to rent instead of purchase simply due to the fear of the home buying process; However, as experienced and educated Realtors it is our personal duty and honor to walk with you step by step through the following process while working on your behalf to make your transaction as smooth as possible:

  1. Contact Us! -Once you have reached out to a Realtor, we have the ability to give you access to many properties listed in the MLS and you will be allowed to save any homes you are interested in. (Upon deciding to purchase you may wish to decide how you chose how to fund the sale. If you wish to finance, speak with your loan officer about obtaining a “Pre Qualification Letter” or ask your Realtor for suggested Lenders and discuss financing options such as VA and FHA loans for eligible properties.)
  2. Look, Look, Look! -Narrow the searches you and your Realtor have gathered to the properties that meet your criteria and your Realtor can schedule showing appointments for you to look at them yourself.
  3. Make an Offer! -If you have found a home that you wish to purchase your Realtor will write and offer to Purchase. At this point there may be negotiations between your Realtor and the Seller’s but once an agreement has been made and all parties have signed you are officially under contract! An “Earnest Money” deposit will be collected and held through closing at which time the funds will be credited towards the purchase price.
  4. Choose an Attorney -In South Carolina both parties are represented separately throughout the transaction to closing. During the process the title to the home will be researched and cleared for your purchase. The attorney will work closely with both your Realtor and Loan Officer (If you choose to finance) If you do not have an attorney, your Realtor may give you a list of Law Offices in your area; Once you have chosen the Realtor will send the ratified contract in to be processed.
  5. Order a Home Inspection! -Although this is not a requirement, it is always advised that Buyers order a Home Inspection within the time allowed per your contract in order to protect themselves. This inspection report will state any faults with the home. South Carolina Law states that any Structural, Plumbing or Electrical defects may allow the Buyer to withdraw from the sale without penalty in the event that said items are deemed unsatisfactory and the Seller neglects to correct said items or agree on a monetary compensation for the required repairs.
  6. Review the Wood Infestation Report (Commonly referred to as a CL100) -This inspection is most often provided by the Seller unless otherwise stated in the purchase agreement. The report will state any concerning moisture levels, wood rot, Active or previously treated termites or any other wood destroying organisms. The CL100 will most likely be ordered by the Closing Attorney within 2 weeks of closing as the report is only valid for 30 days. Any issues stated which would hinder the sale of the property must be treated and/or repaired prior to closing.
  7. Schedule Your Final Walk Through! -All Buyers are given the right to a final walk through inspection with their Realtor prior to closing.
  8. Close! -After all necessary steps have been completed and any loan documents are prepared, your Attorney will schedule a Closing time to review and sign all financial and binding documents. When both parties have signed closing documents the Attorney will record the deed into your name as the Buyer, at which time you are officially a Home Owner!

Ace Realty looks forward to assisting you and is dedicated to providing quality, client level service (download the brochure explaining agency).  Thank you for visiting our website:


4 Beds 5 Baths 2324768 MLS
This spectacular custom built all brick 4 bed, 4.5 bath home sits on a premium half-acre wooded Estate lot in prestigious Legends Golf Community. The beautiful double door welcomes you into a massive living area with 2-story ceiling and gorgeous French slider, the formal dining room and wine room. The gourmet kitchen will impress with stunning tile flooring and matching backsplash, high-end stainless steel Bosch appliances, featuring double ovens, custom cabinets, granite countertops and tons of storage and counter space, including a huge breakfast bar with prep sink. The master bedroom is adorned with a built-in fireplace and has new sliders with built-in shades, which give you access to the pool area. The spa-like master suite features a step-up whirlpool/garden tub, granite countertops, double vanity, make-up station, custom tiled walk-in shower and a massive custom walk-in closet. On the opposite side of the split floor plan are two more spacious bedrooms and a beautifully remodeled full bath with lovely double vanity and custom tiled walk-in shower. Upstairs you will be equally impressed with an awesome home theatre featuring an LED front projector with 110 inch screen, wet bar, wine and beer fridges as well as a half bath. Rounding out the upstairs is an office/flex space and the 4th bedroom with en suite. Throughout this home you will see many details like crown molding, wainscoting, tray ceilings, chair railings, plantation shutters and custom window blinds, making it even more special. With access from the kitchen or living area you can step into paradise as you enter the backyard and see the amazing in-ground heated pool with Jacuzzi and soothing waterfall. An entertainer’s dream, this 2000 sq. ft. lanai has a fully equipped custom kitchen, inside storage for all of your pool toys and full bath with tiled walk-in shower for your convenience as well as your guests. This home has it all! Don’t miss out, schedule your showing today! Legends has some of the best amenities, including an owners’ clubhouse with pool, tennis courts, bocce ball court, basketball court, kids’ playground, gym, card room, full kitchen and event space. Legends is a guarded, gated community with walking and bike trails and 3 signature golf courses.

4375 Winged Foot Ct., Myrtle Beach

3 Beds 2 Baths 2324731 MLS
They don’t make them like this anymore. This spacious well maintained residence boasts a thoughtfully updated open floor plan that seamlessly blends functionality and style. Perfect for entertaining or enjoying family meals, the expansive kitchen features a sizable island, offering both practicality and a focal point for social gatherings. With the abundant amount of counter space and cabinets you can say goodbye to clutter. Whipping up culinary delights in the well-equipped kitchen featuring a modern cooktop and oven, makes cooking a pleasure. Enjoy the convenience of built-in features, adding both character and functionality to various areas of the home. Stay organized with a spacious walk-in pantry, ensuring you have ample space for all your kitchen essentials. The open layout seamlessly connects the kitchen, sitting area, dining area and family room, creating an inviting space for gatherings and relaxation. Retreat to the luxurious owner's suite, complete with a massive cedar-lined walk-in closet and a private sanctuary for relaxation. The ensuite bathroom features a granite vanity with dual sinks, offering a touch of elegance and convenience. Indulge in a spa-like experience with a jetted tub, providing a perfect way to unwind after a long day. Experience the warmth and beauty of wood floors in all the bedrooms, adding a touch of timeless elegance. Enjoy modern amenities and aesthetics in the updated tile bath, ensuring a stylish and comfortable atmosphere. Relax and enjoy year-round comfort in the climate-controlled sunroom, a versatile space for various activities. The outdoor space also is a haven with a well for watering, a fenced yard, a large front porch for sitting, a back patio for grilling, and an outdoor shower for rinsing off. Plus, there are two sheds, including a climate-controlled workshop—ideal for DIY projects or hobbies. Bonus is the automated fenced driveway, providing security. All this close to everything Myrtle Beach has to offer! Minutes to entertainment, shopping, hospital, airport, schools. And just blocks to the beach.

6507 Somerset Dr., Myrtle Beach

Start Your Search

Copyright 2023 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.

Provided courtesy of The Coastal Carolinas Association of REALTORS®. Information Deemed Reliable but Not Guaranteed. Copyright 2023 of the Coastal Carolinas Association of REALTORS® MLS. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.