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You’ve made an offer on a home. What happens after your offer gets accepted? Today, I’m going to answer that specific question.
Right off the bat, make sure that the buyer, seller, both agents, title company, and lender all get copies of everything. That way, everyone can get started on their duties right away and we can open up title and escrow.
After that, the earnest money needs to go to the title company by the next business day. From there, the main two things that happen are the home inspection and the appraisal. Again, talk to the home inspector and appraiser right away so everything is done within the timeline specified by the contract.
Depending on what kind of house you buy, you may have additional inspections. When the inspections come back, the buyer and seller will negotiate repairs. You might also have to do a re-inspection to ensure that repairs have been made properly.
Once the seller moves out of the property, the buyer will go on a walk through to make sure everything is in order. For example, make sure all the appliances the seller promised to leave behind are there.
If you have any questions about the closing process or real estate in general, give me a call or send me an email. I would be happy to help you!
Right off the bat, make sure that the buyer, seller, both agents, title company, and lender all get copies of everything. That way, everyone can get started on their duties right away and we can open up title and escrow.
After that, the earnest money needs to go to the title company by the next business day. From there, the main two things that happen are the home inspection and the appraisal. Again, talk to the home inspector and appraiser right away so everything is done within the timeline specified by the contract.
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Get all your paperwork in ASAP to stay on schedule.
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Depending on what kind of house you buy, you may have additional inspections. When the inspections come back, the buyer and seller will negotiate repairs. You might also have to do a re-inspection to ensure that repairs have been made properly.
Once the seller moves out of the property, the buyer will go on a walk through to make sure everything is in order. For example, make sure all the appliances the seller promised to leave behind are there.
If you have any questions about the closing process or real estate in general, give me a call or send me an email. I would be happy to help you!