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Congratulations, the seller accepted your offer, what's next? That
answer right after this.
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Congratulations, I know if may have been a little bit stressful, but
hopefully it is a home that you are in love with. The first think you
are typically going to do is you are going to reach out and actually
do your physical application with your loan, at the same time you're
probably going to decide whether you need to lock in your interest
rate, so make sure to address that question with your lender quickly,
because depending on what's going on with the interest rate you may
want to lock in a lower rate before it climbs up into a place you
don't want it to be. Next you are going to go and you're going to
complete your inspections, your home inspections, septic, well,
anything you've included in your offer. You're going to go on, you
should if there's an HOA or a condo, at some point in the transaction
you're going to receive the association docs for that. And you're
way to avoid the offer if you need to. Make sure to schedule your
utilities and your TV. Also, obviously, sometimes the utility
companies won't let you schedule to turn on until the seller's
scheduled to turn off. I typically tell my buyers a week prior to
closing, make sure you've called and made the schedules to all your
utility companies, if you're not sure who the utility providers are
just ask your buyer agent to reach out to the listing side, very often
they are very happy if they haven't already provided the list of
utility companies for the property you are purchasing. Make sure you
schedule your movers or moving help. Too often I see this as a, a
little bit of an afterthought, so schedule moving and make sure you
understand how you are going to get into that new home. Make sure you
understand the home is not yours until after you sign those papers but
after then you should be able to move right in. Confirm your closing
dates. Sometimes you might change a date, maybe you agreed to a
closing date that was actually a holiday. So you may need to confirm
when the day and the time is going to be and of course the location.
Always show up for the closing 15 minutes early. Make sure that
before closing, you have your photo ID with you, if you are the buyer
you need to make sure you have cashier funds, written to the title
company so if you are supposed to bring $50,000, you need to go to
your bank and get a cashier's check for $50,000 dollars written to the
title company. If you bring 50 and they only really need 45, they are
going to return the $5,000 dollars. Make sure you have valid ID
again, as a buyer I would bring a blank checkbook just in case a minor
expense pops up that somebody missed. Very often, up to a certain
amount of money, a title company will allow for personal check. The
most I've see is about a $1,000 dollars. And most importantly, as a
buyer, once your offer is accepted, do absolutely nothing that will
affect your credit. Don't test drive a car, don't purchase furniture
that's Zero money down and you don't pay for 24 months, all of it is
going to hit your credit as a check. If there is something you need to
do that is going to affect your credit in any way, make sure to reach
out to your loan officer first. If you have questions about the
transaction, and what you need to do next, trust me, your qualified
Realtor is going to walk you through it, and pay attention to these
very important dates for you. If you have questions relating to
selling or buying real estate in Northern Virginia, of course, we'd
love to hear from you. Give us a call... we've got your answers.
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