Ultimately before you make an offer ask yourself “does this feel like home”? Below is a quick rundown of the process:
- Visit as many homes as needed to feel comfortable that it is the one for you.
- Don’t be influenced by Days on Market, Back on Market, Pending Offers, etc. Make the goal to find the right home for you and use the other information in the offer process.
- Make your offer competitive and attractive, after all you just spent a considerable amount of time finding the perfect home and you don’t want to lose it. Are you willing to put a little more cash down if the appraisal comes up short? Are you willing to waive any cosmetic issues that come up in inspection? Go over the details of the contract and make sure you understand them by talking with your Realtor and if needed an attorney as it is a legally binding document. Your agent should talk with the listing agent to promote you and your offer as positive as possible.
- Have a competent inspector inspect the home as the inspection process is critical to the long-term ownership of the property.
- Typically, a title company will hold closing and the money is in an escrow account. You sign and exchange paperwork, receive the keys and off you go.
Just take it one step at a time, the closing process takes 30-60 days depending on your lender, inspection issues, etc.