Buying A Home? What To Do After The Offer Has Been Accepted

We all have bought a home or are thinking of buying a home. I know when I bought my first home many years ago I renmeber the Real Estate agent saying to me I will see you on X day at the closing. If you need anything in the itnern call me. I thought wow this is easier than I thought it would be. Now, granted that was a lot of years ago. But, there are agents out there still doing that type of business.

Once an offer on a home has been accepted the process really only has just begun. Chances are (unless you are paying cash for a home) that you would have been in contact with a mortgage professional and woudl have had a pre-qualifed or pre-approval letter in hand. Well now that you have selected a home the mortgage process really begins. They start their process of getting the loan through the system and approved. They will order an appraisal, ask you for pay stubs, bank statements and other items they will need to ensure that the loan will be processed through without any issues.

The Real Estate Agent will (or should) help you locate a home inspector to make sure the home is in move in condition or if it is "as is" what is wrong with the house. Then the agent should be there with you when the home inspection is going on. It is our job to represent YOU the buyer throughout the transaction. How are we suppossed to convey any requests for repairs that may be needed on the home, if we are not there for them. in some cases you may ask for a termite inspection as well.

A closing attorney should be contacted and informed of the date for which you will close. It is their job to make sure you have a clean title and that all the papoerwork is in order. They scheudle the time for the closing and coordinate with the bank for the mortgage paperwork.

You will have to get Home Owner's Insurance for the home. This list is by no means complete. However; on every transaction you cna at least expect these things to have to happen to close. Our job as a Realtor is not over once you find a home...in fact I tell my clients it never is over...I will be there for them down the road as well.

Dave diCecco
Realtor/Broker
www.davedicecco.com