So you have a buyer who has fallen in love with your home and with the help of your very super fantastic Realtor, you have agreed on the conditions of the contract, including the price, closing date, earnest money, possession and perhaps some other contract conditions. YEAH!!!!!!
So now what?
Here are some things to keep in mind to keep the stress level down.
THE TITLE SEARCH
The contract is sent to the title company by your very competent Realtor. The title company will let you know find any title issues that need to be cleared up.
Your extremely professional Realtor will send the contract, unless it is a cash deal, to the buyer’s loan officer. Since your buyer is pre approved for the loan, the loan officer will begin to process the loan. The type of loan that the buyer is going to get to buy the house is stated on the contract. Pay attention to this. Different loans have different requirements that could be the responsibility of you, the seller! This is not necessarily a bad thing if you are prepared for this expense. Your knowledgeable realtor can guide you as to what you may have to change in your house to meet the loan requirements.
Home inspectors are hired by the buyers to find things wrong with your home. And the home inspectors will find things wrong with your home. Don’t panic. This is part of the negotiating process and another reason that you have hired a effective Realtor.
THE CLOSING DATE
This date on the contract is a goal. Sometimes it happens right on time. And sometimes, for a variety of reasons usually to do with the loan, there is a delay. The best way to avoid the stress of this is to be prepared alternate housing needs just in case. Again, your compassionate realtor can be of assistance.
If you want to work with a super fantastic Realtor who is competent, professional, knowledgeable, effective, and compassionate, give me a call.