Once you’ve found your dream home, it’s time to make an offer.
Schedule an appointment with Justin Burleson to learn more about the closing process.
Justin Burleson will discuss how much of your closing costs you want the seller to pay, establish due diligence fees and earnest money, detail any appliances you want to be included with the house and specify similar terms with the seller. Our team will then write these terms down and submit an official offer to the seller. The seller has the right to counter our offer with their own terms. Once both parties have come to an agreement on terms, we are under contract!
Once your offer has been accepted, it’s time to schedule a home inspection. A licensed home inspector will go to the home and check the major systems of the house to identify any potential problems. The inspector will prepare a report and give recommendations on what needs to be repaired. Based on this report, our agents will ask the seller to repair some or all of the items, or renegotiate the terms of the contract in lieu of the repairs being done.
While this is happening, you will be working with your lender to ensure he has all the documentation he needs to get your loan approved. An appraisal will be ordered to determine the market value of the property for the lending institution.
When all the repair negotiations are complete, the appraisal report is in and the loan is approved, we’re finally ready to close on the property!