Once the seller has accepted your offer on a home, there are several steps you will need to take in order to complete the purchase:
-
Perform a Home Inspection: Once the offer is accepted, you should schedule a home inspection as soon as possible. A home inspector will check the property for any structural or mechanical issues, as well as any potential safety hazards. After the inspection, you may negotiate with the seller to have any issues found during the inspection repaired or to have the purchase price adjusted accordingly.
-
Obtain Mortgage Pre-Approval: If you have not already done so, you should also obtain mortgage pre-approval from a lender. This will give you a clear idea of how much you can afford to spend on a home and will also help speed up the closing process.
-
Finalize the Purchase Contract: Once you and the seller have agreed on the terms of the sale, you will need to finalize the purchase contract. This will typically include details such as the sale price, closing date, and contingencies, such as the completion of the home inspection and mortgage financing.
-
Close on the Property: Once the purchase contract is signed, you will need to schedule a closing date. At closing, you will need to pay closing costs and any remaining funds due on the property. You will also need to review and sign all of the legal documents related to the sale, such as the title and the mortgage documents. After the closing, the title to the property will be transferred to you and you will take ownership of the property.
-
Move-in: After the closing you can now move-in to your new home and start the next chapter of your life!
It's important to keep in mind that the process of buying a home can take several weeks or months, and that each step of the process can take some time. It's important to be patient and to work closely with your real estate agent, lender, and attorney to ensure that everything goes smoothly.
NEED TO SELL YOUR HOME? Contact us today for a free evaluation
