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Offers and Counter Offers
This stage is where you make your offer and the sellers will counter. It's not uncommon to go back and forth with
four or five different offers before one is agreed to. Don't worry, this is stressfull but normal.
Inspection Process
Generally, you will have negotiated a period of time to get your professional home inspection done and review the report.
Don't wait until the contract is signed to find your home inspector and get them scheduled. Your 'inspection period' where
you can back out included time to re-negotiate with the sellers to get any items you feel important fixed.
Loan Appraisal, Title Work and Survey
While the repairs are being done, your lender will continue to process your file and will get with you to schedule the
appraisal to make sure the house is worth the amount of money the bank is lending on it. At the same time the Title company
will begin to make the documents ready and make sure there are not problems with the title on the house. If neccesarry you may
have to get a new survey of the property for your bank (the title company will help with this).
Scheduling Closing
Once all of these steps are done and the lender issues a 'clear to close'. Then the title company will get all the documents
will get pulled together and you will schedule a time to sign the closing documents. They will also tell you how much money you
will need to bring to closing. You can request to have a closing statement 24 hours prior to closing, but remember that may push
your closing back a day if your schedule is tight.
Signing Paperwork
Rest the night before this one. You will get writers cramp signing all of the mortgage documents and deed transfer documents. Once
you've signed, and the lenders have changed money, the house is yours.
Moving in!
Congradulations, you've bought a new home. Now it's time to move in and enjoy all the hard work you've put in to finding your home!
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