Agreement For Submission To Appraisers: Fill & Download for Free

Based on your description it appears as if the process is a bit different than what I’ve seen. Here are generally the phases for US projects, and Matthew Lohden did a great job outlining them.The first few vary and may or may not be applicable:AIA (US) process:Master Planning: This phases would be for large projects, where a large parcel of land would be conceptually planned with the basic layout of where various buildings might go, along with streets and major elements. This is more to do with big ideas than specific sites.Conceptual Design: The beginnings of a design concept for the project. Work done in this phase would be very loose and aspirational, and not include actual floor plans. This phase is often omitted, unless the project is very large, or of a special nature.Schematic Design (SD): The initial phase of design where the project begins to take form. Documents produced in this phase are illustrative, and generally show all the spaces proposed in the project, exterior facade design and a site plan showing access, parking and open spaces. Basic building code research and initial pricing should be done during this phase.Design Development (DD): This phase advances the project design sufficient to understand all the major building systems. This is usually the first phase to have engineers join the team, unless the project is large or has unsual design features.Construction Documents (CD): This phase is when the technical drawings are prepared. This includes both the plans and the project manual, which includes the specifications, general conditions and instructions to the bidders.Bidding & Permitting (B&N): This phase is when the project is let for construction bids. Sometimes a client will retain a contractor early in the process, when this happens we strive to get them in at the start of Design Development.Contract Administration (CA): This is when the architect will represent the owner and manage the construction process. Services end after the project has been completed and accepted by the owner.Royal Institute of British Architects (RIBA) Plan of WorkThe following information is taken from "Services Supplement: Design and Management" from the RIBA publication "Standard Form of Agreement for the appointment of an architect"(SFA/99) available from RIBA Bookshops (http://www.ribabookshop.com) and you should refer to the whole document.Note the RIBA goes into far more detail. I found this info here:What are the stages or phases of a UK Architectural project?Architect's design services:All commissions1.1 Receive client's instructions1.2 Advise client on the need to obtain statutory approvals and of the duties of the Client under the CDM regulations1.3 Receive information about the site from the Client (CDM Reg 11)1.4 Where applicable co-operate with and pass information to the Planning Supervisor1.5 Visit the site and carry out an initial appraisalA Appraisal1 Carry out studies to determine the feasibility of the Client's requirement2A Review with client alternative design and construction approaches and the cost implications or2B Provide information for report on cost implicationsB Strategic Brief1 Receive strategic brief prepared by the clientC Outline Proposals1 Commence development of Strategic Brief into Project Brief2 Prepare Outline Proposal3A Provide an approximation of construction costs or3B Provide information for cost planning4 Obtain Client approval to Outline Proposals and approximate construction cost5 Co-operate with Planning Supervisor where applicableD Detailed Proposals1 Complete developments of Project Brief2 Develop the Detailed Proposal from approved Outline Proposals3A Prepare a cost estimate or3B Provide information for preparation of cost estimate4 Consult statutory authorities5 Obtain Client approval to the Detailed Proposal showing spatial arrangements, material and appearance, and a cost estimate6 Prepare and submit application for full planning permissionE Final Proposals1 Design Final Proposals from approved Detailed Proposals2A Revise cost estimate2B Provide information for revision of cost estimate3 Consult statutory authorities on developed design proposals4 Obtain Client approval to type of construction, quality of materials, standard of workmanship and revised cost estimate5 Advise on consequences of any subsequent changes on cost and programmeF Production Information1 Prepare production information for tender purposes2A Prepare schedules of rates and/or quantities and/or schedules of works for tendering purposes and revise cost estimate, or2B Provide information for preparation of tender pricing documents and revision of cost estimate3A Prepare and make submissions under building acts and/or regulations for other statutory requirements or3B Prepare and give building notice under building acts and/or regulations (not applicable in Scotland)4 Prepare further production information for construction purposesG Tender documents1 Prepare and collate tender documents in sufficient detail to enable a tender or tenders to be obtained2 Where applicable pass final information to Planning Supervisor for pre-tender Health and Safety Plan3A Prepare pre-tender costs or3B Provide information for preparation of pre-tender cost estimateH Tender Action1 Contribute to appraisal and report on tenders negotiations2 If instructed revise production information to meet adjustments in the tender sumJ Mobilisation1 Provide production information as requested for the building contract and for constructionK Construction to Practical Completion1 Make visits to the works in connection with the Architect's design2 Provide further information reasonable required for construction3 Review design information from contractors or specialists4 Provide drawings showing the building and main lines of drainage and other information for the Health and Safety File5 Give general advice on operation and maintenance of the buildingL After Practical Completion1 Identify defects and make final inspections2A Settle Final Account or2B Provide information required by others for settling final accountNBIf the architect is to provide cost advice Alternative A appliesIf a quantity surveyor is appointed Alternative B applies

Buying your dream home is not just an exciting prospect; it is also a fairly extensive project that requires you to do your homework in order to get yourself a good deal out there. Let’s break down the process and understand the steps that will simplify it to help you make the best decision.What you need to do:Prior to loan application, here’s your checklist of things to do -Narrow down the property you would want to purchase, and know the purchase price (including registration and stamp duty charges). In case of a resale property, check documentation, especially title documentation. Once you and the seller have agreed on a price, you can kick start the application process.Know that you can also apply for a loan sanction letter, even if you have not finalised any property at the time of application. Each sanction letter carries a validity period (that may differ from lender to lender), so make sure you keep track of the same.Identify the home loan provider you would wish to apply to. This can be done online, by evaluating various banks, housing finance companies and NBFCs.It is prudent to start putting together the documentation, basis the checklist provided on the lender’s website. Sometimes, this can be a time-consuming process, owing to the nature of documentation (especially if a resale property). Standard documentation includes personal documentation such as the applicant’s identity and address proof, income documents (whether salaried or self-employed, this is mandatory for a lender to gauge your repayment capacity), age proof, bank statements and property documentation (if you have finalised the property).The home loan process:Step 1 - Application form submission: Make your application, either personally at a branch or online. If online, allow for a representative to get in touch with you, to take the process further.Step 2 - Payment of processing fees: Typically between 0.25 percent and 0.50 percent of the loan amount, these need to be paid at the time of loan application. Some lenders do reduce the fee amount or even waive it entirely, so do check with your lender prior to paying up.Step 3 - Field verification: Lenders verify the borrower’s personal information, including conducting a residence and employment check.Step 4 - Personal discussion: Application scrutiny and verification is the next step, which includes a personal discussion or PD, wherein the lender will evaluate your application and ascertain your repayment capacity.Step 5 - Credit appraisal: At the lender’s end, there comes the loan underwriting process, which will determine the exact terms and conditions of your loan, including the loan amount being sanctioned, the rate of interest etc.Step 6 - Offer letter issuance: The lender will now issue you an offer letter, which mentions the following details –Amount sanctionedRate of interestLoan tenureOther terms and conditionsStep 7 - Legal and Valuation check: An important stage in the process is that of property valuation and verification, which requires you as the borrower to submit original documentation such as title search documents, no objection certificate etc. for the lender to verify. Legal checks on the property are also undertaken.Step 8 - Document registration: This involves registering the documents post the legal and valuation check.Step 9 - Signing of loan agreements and submission of post-dated cheques: The loan agreement is to be signed, and post-dated cheques are required to be submitted as per the loan agreements.Step 10 - Loan disbursement: Finally, upon completion of all documentation and related formalities, the loan is disbursed, as per the conditions mentioned in the loan agreement either upfront or in tranches (for an under construction property), as per requirement.Watch out for:It is entirely possible that your application is rejected at the first instance, which can be due to non-fulfilment of eligibility criteria or on account of incomplete documentation. Make sure your application is complete and accurate in all respects.With most lenders, processing fees are non-refundable, so ensure you do check prior to application.The loan amount sanctioned being lower than the one you had applied for.Make sure you know the interest rate that you are signing up at, and whether it is fixed or floating.

Traditionally:Agent relationship formedRepresentation agreement signedHome is locatedWalkthrough/Open-HouseDeliberation of offer and offer strategySubmission of offer (along with Proof of Funds, Earnest Money Deposit check to title company)Acceptance of offerEscrow is opened (EMD turned in, executed contract turned in, all relevant docs turned in)Contingency periodContingency terms carried out (loan, appraisal, inspection, repairs, and whatever else you add)Removal of contingenciesFunds submitted to escrowSigning of closing documentsClose of escrowFund disbursedPossession of homeSome of the steps will vary, some steps are missing, and additional steps happen behind the scenes. Every transaction is different.