Your Offer Is Accepted You Are Under Contract!
Once, your offer has been accepted and signed by all parties we begin completing the numerous contingencies you reserved in the offer and and satisfy any other items included in the offer.
Once, your offer has been accepted and signed by all parties we begin completing the numerous contingencies you reserved in the offer and and satisfy any other items included in the offer.
Within 3 days of going under contract, you will need to make sure you either drop off a personal check or wire funds to the designated title company selected by the seller.
**For the highest level of security, when wiring funds please contact the title company directly to ensure proper instructions.
To contact title, obtain phone number through company website not via email you have received.
As part of the sales contract, you have the right to inspect the mechanical, electrical, plumbing and structural portions of the property along with any concerns that you have about anything that affects the property. In short, the property inspection is for things that you cannot see.
Inspections take around 4 hours to complete. Plan on meeting the inspector at the end of the inspection for them to point out any concerns about the property and to answer any questions we have about the property. The inspector will send us an itemized report with photos for our review and records. I highly suggest having the sewer scoped, the property scanned with infrared scanner to locate any active water leaks and to have the property tested for Radon.
For any issues pertaining to health and safety items found during inspection, we will submit an inspection objection, requesting the seller to repair/replace prior to closing or to offer a credit for amount to repair/replace after closing. The seller will then submit an inspection resolution of terms they agree to complete. We will either sign seller's resolution, or we will be able to terminate the contract and receive our earnest money back.
Rick Jacquemard | Flat Irons Home Inspection
Lee Kastberg | Pillar to Post
Andrew Sams | Alpine Building Performamnce, LLC
A home appraisal is performed by an appraiser who has been randomly selected to evaluate the property and determine the market value. The appraisal is sent to the lender to use to approve the loan value. An appraiser uses comparable properties in the area, current condition and upgrades of the subject property, location and market stats to determine property market value.
If the value does not come in at purchase price, a resolution between buyer and seller will need to be agreed upon otherwise contract will be terminated and earnest money returned to the buyer if within Appraisal deadlines.
We will want to do a “walk-through” on the property before closing. We can arrange our walk-through for the night before closing or a few hours prior to closing.
Closing will be held at the designated title company. Your cash due at closing will need to be wired or in the form of a cashier’s check obtained prior to arriving at the title company. You will also need to bring 2 different forms of I.D.
At the closing table, we will thoroughly review and sign all closing documents with the title closing rep. Make sure to bring your signing hand!
Once all parties have signed closing documents and the funds have been transferred, you are officially a homeowner! Once fully executed closing documents have been obtained, you have the option of receiving the closing documents electronically or a hard copy sent by certified mail.
Please allow approximately one hour for the closing.
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