Now that your offer has been accepted, what happens next?
After what seems like an endless amount of paperwork, negotiations, bidding wars, and open houses, your offer was finally accepted on your dream home! When you’re buying a new home, the moment your offer is accepted, it almost feels like a weight is lifted off your shoulders. Now that your offer has been accepted, you’re probably wondering what happens next?
Buying a home is an exciting time in every homebuyer’s life. There are a lot of things to do, but they will all lead to one end goal: ownership. As it is with anything worth achieving, there’s going to be a lot of work involved.
There’s still a few more steps along the way before you can call your new home “home.” These steps are necessary to ensure that the transaction is completed successfully. Find out what you need to know to get through this final stretch of the homebuying process!
Consult Your Real Estate Lawyer
When it comes to the transfer of properties between the buyer and seller, there are a lot of complex legalities than are handled by real estate lawyers. Some of the tasks that a Real Estate Lawyer will take care of include: title searches, title insurance, title transfers, and purchase agreement preparation. Having a real estate lawyer on your team is crucial to ensure that the sale goes smoothly.
Provide Your Deposit
Providing a deposit is typically involved in the home buying process. The deposit also goes towards your down payment. As a buyer, providing a deposit shows the seller that you’re serious about buying the property. Remember to provide your deposit on the agreed-upon date and that you’re giving the correct amount.
Inspection and Appraisal
Depending on the conditions and contingencies of the offer, you’ll need to hire a home inspector to confirm that the property is still in the same condition that it was in when listed. This is necessary to ensure that the home does not have any issues within the property and allows you to negotiate with the seller. The inspection also helps to prevent buying a home with major issues.
A home appraisal is also completed on behalf of your lender to guarantee that the home is being sold at fair market value. This is done so that you and your mortgage lender aren’t paying more than what the home is valued.
If you just found a home you love and made an offer, chances are you might be feeling a whole lot of different emotions right now. But one thing for sure—you’re probably eager to get the next steps rolling! Check out my previous blog on How to Win the Bidding War On Your Dream Home if you’re thinking of putting in an offer on a home or let’s get in touch!
Contact Zoie Conforti Today!
When it comes to buying a home in today’s market, it can be easy to get caught up in the chaos of the moment. Having a well-versed and knowledgeable real estate agent on your team is key to buying the home of your dreams!
If you’re looking for an experienced realtor in the GTA area who knows the ins and outs of the real estate world, then call me today at 647.293.8773 so we can achieve your real estate goals together!
Real estate is in my blood! My entire life, I have been exposed to the intricacies and complexities of the real estate spectrum from resale and land development to pre-construction and closing. I not only can make your homeownership dreams come true, but I have the experience to get your home on the market and sold in no time! Contact Me today!