In a heated market that’s rampant with multiple-offer situations, what can buyers do to make their offers stand out in the crowd? Find out right here.
Once we’ve gone housing-hunting and you’ve submitted an offer on the home your heart is set on, we’ll need to pay close attention to the due diligence periods.
The first of them is your 10-day inspection period, where we’ll give you a choice between three vendors to hire for the inspection. Then, we’ll attend the inspection and go over the summary items with the inspector.Next, the due diligence period will come in the form of the appraisal contingency. If you’re paying for the home via financing, we’ll need to get your lender to process all closing disclosures so they can subsequently order the appraisal—15 to 20 days is the typical window we have for that to come back.
“My assistant and I will keep a close eye on your situation each step of the way and be sure that we’re on track for a smooth transaction and closing.”
After that, we’ll address your loan contingency. It’s imperative that you supply your lender with all requested documentation in a timely manner, so they can keep a steady pace in getting you through the process.
If the home is in a community governed by a homeowners association, part of your due diligence will also be to obtain and read through your resale package to make sure you’re square with all the rules and regulations of that particular HOA.My assistant and I will keep a close eye on your situation each step of the way and be sure that we’re on track for a smooth transaction and closing. If you have any further questions about what to expect with the home buying process, just give me a call at 702-686-2695 or send me an email at MaryKayBeckman@Gmail.com. I’d be happy to help!