I Love this home, now what?
I Love this home, now what?
Hi, I am Jeff Chubb with eXp Realty and I wanted to share with you today the next steps once you have found that dream home.
You have walked through the front door and have been swept off of your feet.
The home checks nearly all the boxes and you can see your future you and the Thanksgiving Turkey coming out of the oven and to the Dining Room table.
There are enough beds and baths and the size of the home meets your needs today as well as the needs of your near future.
So now what? What’s the next step in the process?
If this is the house for you, then it is time to start gathering some information.
The information gathering step is one that you will not want to drag your feet on as waiting too long can allow other buyers to swoop in and steal your dream home out from under you or put you in a position to have to pay more!
So what type of information?
At this point, you should already have your pre-approval.
We will need to make sure the pre-approval is still up to date and that the amount is in line with the price of the home.
In some cases we may need a couple pre-approval letters with different prices depending on the offer strategy that we ultimately choose.
If you are paying cash, then we will need some sort of proof of funds.
These proof of funds can be a bank statement or statements or a letter from your banker verifying funds.
We will also want to look at the comparables… aka “comps” on the property. Is the price of this home in line with the neighboring properties that are close in size and condition? Or is the price higher or lower than what the area supports?
We have the pre-approval or proof of funds, we have an idea of what the home is worth and what we are willing to pay… Now it’s time to put pen to paper.
When Talking about an offer, we will need to discuss:
- An offer price
- Deposits – How they work and what your comfort level is.
- Closing Date – What works for you?
- Inspections – Do you want to do a home inspection? (We recommend it!)
- Contingencies – What other contingencies we need to add in the offer.
- Inclusions – Are there any special inclusions that you are looking for?
With this information, we will write the offer up and send it over for your review discussing all the legalities of what the offer is.
Once you give the okay, we will send it electronically for your signature.
When we have received the signed offer, we will send it to the seller with the pre-approval as well as any other additional supporting documents.
Waiting for their response is often the hard part!
Will the seller accept it?
Maybe they will counter?
Hopefully they won’t reject it!
And PLEASE, don’t say the words “Multiple Offer Situation”! These three words are a dagger to the heart for a buyer that has found their dream home!
Once accepted, this is when the real work begins! But don’t worry, we will walk you through that process as well!
Again, my name is Jeffrey Chubb and my team and I are brokered by eXp Realty. If you should have any questions about the Real Estate process whether that be buying or selling a home, then we would love to be that resource that offers some clarity to an otherwise confusing process. The best number to reach me is at 617-480-2600 or by email at [email protected].