Submitting an offer for a house can make you feel nervous, as you do not know how the seller will respond to it, but you will get an answer within just a few days. If you discover the seller accepted your offer, you will likely need to begin working towards the closing of the house, and you may need to move quickly on this. During this time, here are some of the things that will occur before you can actually close on the home and take possession of it.
Call your lender
When you get the exciting news that the seller accepted the offer you submitted, you might want to plan a night out to celebrate first, but after that, your first step should be calling your lender. Your lender will need time to complete a series of different steps in order to close on the loan, and the lender will need to get started right away with this. Your lender will ask for the purchase offer from the deal, as it will contain all the essential details the lender will need to begin processing your loan.
You will then be required to hire the inspectors of your choice if you added contingencies for this. This may include a home inspector, a pest inspector, and a sewer inspector, or it could include other types too. It will be your responsibility to get these individuals hired for the jobs they are completing, and you should try to do this right away.
Make sure the seller completes all necessary tasks
You will also have the responsibility to make sure that the seller completes all the agreed-upon tasks, and you should check on this several days before your scheduled mortgage closing. This is often called a final walk-through visit, and it is a vital step in the process of buying a house.
Avoid doing anything that would change your credit or financial picture
The other responsibility you will have during this time is protecting your credit. While you are trying to close on a loan to buy a house, you should avoid doing anything that could impair or negatively affect your financial situation or credit.
These are the main things that you will be responsible for during this time, and the seller will also have things to do as well. To learn more about the closing process and the steps you need to complete to close, talk to services that can help you find single family homes for sale.
Once you sign the sale contract with your listing agent, there's a good chance that things will start moving quickly. Your agent will want you to stage your home for the listing photos, open houses, and showings. If you've never experienced the staging process, you may not know exactly what to do or where to start. The information on this site will help you to not only understand what's expected of staging but also offer tips for you to maximize your efforts without investing a lot of time. I hope the information here makes your home sale process a little bit less confusing and a little easier to manage.