Now that you have an accepted offer on your home we will be continue to be by your side to guide you throughout the entire process. Here are the next steps to see the word “SOLD” by the curb!
The buyer’s are going to schedule a home inspection.
Most buyers will request a home inspection before completing the transaction. Following the inspection and based on the results, the buyer may request certain repairs. As the seller, you have the ability to negotiate these items and may choose to offer a seller credit instead of repairing the items. We will be there to advise and assist you in coming to an agreement that is most suitable to you.
Don’t be surprised if the buyers have questions or concerns stemming from the inspection. It is the inspector’s job to find problems.
Once the home inspection is complete we move onto the Purchase and Sales Agreement.
The P&S agreement is drawn up by our office and forwarded to the buyers. More times than not the buyers will have an attorney review, make changes and add an addendum to the agreement. You as the seller always have the right to hire an attorney to review those changes. We can recommend a few local attorneys’ that would be happy to help review the buyer’s attorney’s changes. After the agreement is finalized the buyers will sign and then you will sign.
A good faith deposit is made by the buyers.
The lender orders a bank appraisal to make sure that the home is worth what the buyer is paying for it.
A Title search is performed by the closing attorney.
The Lender obtains a bank commitment, and the closing date is scheduled. Closing occur at the closing attorney’s office or at the Registry of Deeds.
The Deed is recorded in the new owner’s name and the keys are handed over to the buyer.
The sale proceed funds are then released to the seller.