Request a Home Inspection
Another important step is a thorough home inspection. This is different from an appraisal. You should pay for the home inspection. The home inspector will look for hidden problems with the home. Through the home inspection you can learn about any issues that may prevent you from buying the home. This may include mold problems, termites, foundation problems and a bad roof. The inspection can save you thousands in repairs later on. Additionally, you may be able to negotiate a lower price if you know the home needs a new roof.
Be Patient During Closing
Once you have bid on your home and the offer is accepted you will go to closing. The closing attorney will work to make sure that all the documents, money and other necessary information is together before you close. The closing attorney is neutral in this this transaction they will follow the instructions of the Lender. Once everything is completed you will sign the closing papers. We typically will be present at closing to help you fully understand your loan.
Close and Move In
Once you have closed on your home, it is time to move in. You can paint, unpack and enjoy your new home. Be sure that you change your address with your bank, and other accounts. You can set up your utilities and cancel your old ones as well. This will save you time and money, because you will avoid late fees. Some companies will waive installation fees if you transfer your old account to your new address.
Having the right real estate team at your side makes all the difference. Let my Expierence guide you and help you achieve your dream of Home Ownership.
Get pre-approved for free – before you shop for your new home – and get more bargaining power. With our Realtor Match we can match you with a trusted, prescreened real estate agent. Partnered agents ensure a seamless home-buying experience.
We can help you determine if you are ready to buy a home.
When you're ready to buy a home, making an offer is important: oral promises are not legally enforceable in real estate sales.
Realtors usually have a variety of standard forms (including Residential Purchase Agreements) kept up to date with the changing laws.
In many states, sellers must comply with certain disclosure rules, and a real estate agent will ensure that they do, as well as answer any questions you may have during the sale.
Besides addressing legal requirements, making an offer should specify price and all other terms and conditions of the purchase. For example, if the sellers said they'd help with $2,000 toward your closing costs, include that in your written proposal and in the final contract—or you won't have grounds for collecting it later.
After the offer is drawn up and signed, it will usually be presented to the seller by your real estate agent, by the seller's agent, or often by the two together.
If your proposal says, "This offer is contingent upon (or subject to) a certain event", you're saying you will go through with the purchase only if that event occurs. The following are two common contingencies contained in a purchase offer:
Financing. You, the buyer, must be able to get specific financing from a lending institution. If you can't secure the loan, you will not be bound by the contract