Congratulations! Your offer was accepted on your future home! What now?
As a buyer, there's many protections in place to save you from getting a home that's not worth it; your option period and a lender's appraisal.
Typically, up to the first 7 days of your contract is your Option Period, which is your time to have the place inspected and get a great idea of what's going on. A good inspection will pay for itself once you start the negotiation process if there's issues that can be "solved" with a little monetary consideration. If there's no common ground, the seller keeps the option fee and you get back on the house hunt. I
Once you pass that hurdle, your lender will have an appraiser make sure that the property is worth the offer price. They're out to make sure that you and them both have a good investment in the property. If it doesn't appraise, then you have some options but can get out of the contract at that time if you choose.
Your final step, other than getting movers scheduled, will be to have a final walk of the property before you sign your papers. Once you've signed, and get the keys, it's time to enjoy your new home!
I absolutely love helping new buyers in this market! Call me with any questions you have, IT'S FREE!
Hello! My team and I are passionate about helping people build stability and wealth through solid investments in real estate, either for their personal residence or for investment purposes. We also LOVE to market and SELL your existing property to maximize your return and make the process as smooth as possible for you. Give us a shout today for a relaxed conversation about your real estate goals!
Located in the Caribbean Estates of Lake Highlands in 75238, sits a ho
"John came highly recommended, and sure enough within 24 hours we had multiple offers on our house ALL ABOVE ASKING PRICE!! John was an incredible negotiator and didn't give up one penny we didn't have to. He kept us in the loop on what mattered and didn't bother us with the small stuff. He completely earned our trust early in the game, and we felt like VIP's during the entire process. We have moved out of state, and after meeting with three top realtors we realized John set the bar WAY high... no one comes close!"