Smart Offer
When it gets serious!
When it gets serious!
Accepted offer
Inspection Contingency – 5-10 days later
Purchase and Sale agreement (aka P&S) – 1 to 3 days later
Submit mortgage application – 1 day after P&S
Mortgage contingency date – 4 weeks later
Closing - 14+ days later
FACT: every home, even new construction and homes that have been extensively renovated and appear to be perfect, ALWAYS have some issues.
Request inspection – traditional approach
Waive inspection – risky but sellers love this!
Increase deductible on inspection
Loan-to-value ratio
Home value determined by appraisal NOT sales price
Your income and assets
Your credit score
Numerous ‘closing cost calculators’ online
Main components:
Attorney is required to buy, or sell, a home in MA
Buyer has two attorneys
Recommend a real estate attorney
As with lenders – we have a list of recommended attorneys
Why not have one of our awesome agents come out and explain everything above and more in greater detail?