Buying a house can be an exciting, whirlwind process. You spend a lot of time deciding whether or not you are ready to own your own home. Then you start looking at houses. Once you find one you want to put an offer on, things start to more quickly. If you have had an offer accepted on house, here are three things that you should do next. These are contingencies that need to be met for the sale to go through.
- Have it Appraised
What the seller lists the price at and what you offer might not be what the house is worth. The mortgage company will often require that the property is checked out by a real estate appraiser Dallas TX to confirm that the house is worth the money they will be lending you. If it isn’t, you might not get approved to buy the house.
- Get it Inspected
Before you close on the house, get a home inspection. The seller might tell you that everything in the house is in good shape, but the inspector will be able to confirm that. Inspectors will check the house’s physical structure and make sure the appliances are functioning properly. If you find out that there is something wrong with the house through the inspection, that is grounds to withdraw from the contract.
- Work with Your Mortgage Company
When you’ve had an offer accepted, you need to go back to your mortgage company with all the information and they will begin the process of approving the mortgage. Be prepared to send financial documents such as tax returns and bank statements so the lender has the clearest picture of your finances.
Congratulations on having your offer accepted. These steps will help make sure your house is in good shape and worth the money you are going to pay for it. Before you know it you’ll have the keys to your new home and can begin making memories.