• Buying for the first time (traditional and lease purchase)

• Buying second home

• Buying with contingency to sale

• Buying new construction

• Buying while residing out of state 

• Buying with creative financing

• Buying for investment purposes

• Buying via lease purchase

1. Initial Meeting

2. Client Onboarding

3. Home Tours

4. Offer Prep and Submission

5. Negotiations and Offer Acceptance 

6. Due Diligence Period

7. Title Search and Appraisal

8. Underwriting

9. Final Walkthrough

10. Closing

• Each step of the process involves different tasks that you will be guided through with Chan Phillips.

• If you need assistance with the financing process, it will be discussed during the initial meeting.

• The process from offer to closing averages 14 - 45 days in the Metro-Atlanta, GA area. It is important to remember every purchase is unique and have its own timeline based on negotiations.

• Proof of Identity

• Proof of Funds

• Buying Timeline

General items buyer(s) may need for the financing/underwriting process:

• Proof of Identity

• Tax Returns (last 2 years)

• Recent Pay Stubs and/or Bank Statements (last 3 mo)

• Credit Card Statements (last 3 mo)

• Investment, Insurance, and/or Loan Statements

• Recent Graduates (no prior income): Accepted Job Offer Letter, Degree (earned in last 12mo.)

• Minimum Credit Score (based on our lender partners)

  • Lease Purchase Option: 550

  • USDA & PATH Loan (100% financing): 580 (min 640 for better rates faster processing)

  • FHA Loan: 580 (min 680 for better rates and 3.5% down payment)

  • Conventional Loan: 650 (min 740 for better rates and 10% down payment) 

  • Jumbo Loan: 700 (min 760 for better rates and 20% down payment)

  • Private Investment Loan: 650 (min 720 for better rates and lower down payment; LLC required)

• No Bankruptcy in Last 2 Years (Last 12 months for Lease Purchase Option)

• Debt to Income Ratio is an important factor considered during the finance process as well. 

*Entrepreneurs: Alternative finance partners available for non-traditional income  (i.e. 1099, LLC, etc.)

Tip: Keep a designated folder/file to store all of your documents during this process 

• Avoid changing careers: maintain financial stability

• Avoid new loans: maintain a healthy debt to income ratio 

• Avoid applying for credit: maintain a healthy credit score

A healthy number to average is 7% of purchase price up to $450,000.  A minimum of 10% plus is recommended for higher priced purchases. It is important to remember every buyer is unique with their own special circumstances (i.e. finance type, interest rate, etc.) Here are a few items your reserves may cover:

• Earnest Money

• Loan Down Payment

• Mortgage Points

• Mortgage Insurance

• Closing Costs (attorney fees, title search, pro-rated taxes, etc.)

• Commission 

• Inspection

• Appraisal

• HOA

*Based on metro-Atlanta, GA real estate market.

• Selling after a previous attempt 

• Selling for the first time 

• Selling to buy 

• Selling to retire

• Selling to relocate out of state / country

• Selling inherited property

• Selling while residing out of state 

• Selling for financial health

1. Initial Meeting

2. Client Onboarding

3. Pre-Market  (photos/content, staging, marketing, etc.)

4. On Market (open house and/or showings)

5. Offer Negotiations and Acceptance

6. Due Diligence Period

7. Title Search and Appraisal 

8. Clear To Close

9. Move Out + Cleaning Confirmed (if needed)

10. Closing

• Each step of the process involves different tasks that you will be guided through with Chan Phillips.

• The process from offer to closing averages 21 - 45 days in the Metro-Atlanta, GA area. It is important to remember every sale is unique and have its own timeline based on negotiations.

• A cash offer varies from the traditional selling process above. We can close as quick as 14 days. Ask about our cash offer program.

On Market

• Traditional (for sale sign, lockbox, showings)

• Marketing + Advertising (professional photos/videos, staging, open houses, etc.)

• Move In Ready Condition 

• Generally offers Top Dollar due to greater buyer exposure

• Offers Vary (depends on local market activity, property condition, and location)
  
  

Off Market

• Receive Cash Offer (from our buyers) + Close As Soon As 14 Days 

• Skip Marketing + Advertising

• Property In Any Condition (except fire)

• Quick Close 

*Both Options Available with Yellow RealtyCo.

Banks and lenders do not rely on algorithms or software; neither should you. Lenders always have an in person valuation completed by a licensed professional (i.e. appraisal, broker price opinion, experienced agent, etc.) to determine the value of a property before loaning funds.  Consult Yellow RealtyCo for an accurate property valuation.

• Know where you are going next; have a game plan if you are living in the house you're preparing to sell. You'll be surprised how many forget this step.

• Have a desired selling timeline in place  

• Review your numbers (mortgage payoff, HOA fees, etc.)

Get Started Online

Current market conditions in your local area (i.e. location, school district, neighborhood, desirability, etc.) dictates average sales times; in addition to selling on or off market.

*As of  January 2026 in the Metro-Atlanta, GA area, the average time it takes to receive and accept an offer (days on market - DOM) is 7 - 52 days depending heavily on the exact location + marketing strategy.