Offer accepted! What next??? Please help
3 Replies
Fisayo Ijamakinwa
from Atlanta, GA
posted over 3 years ago
Dave Van Horn
Fund Manager from Berwyn, PA
replied over 3 years ago
I would suggest making sure the home inspection is done prior to applying for the mortgage. That way, you won't lose the non-refundable mortgage application (credit and appraisal) money.
I'd also watch the interest rates to see if you want to lock your rate or not. Rates seem like they're going up, so it may be worth it to lock it up now while you can.
Anthony Dooley
Investor from Columbus, Georgia
replied over 3 years ago
If you are seeking financing, you need to make sure the lender has everything they need to approve the loan. You also need to send a copy of the contract to the closing attorney's office so they can do the title work, etc. You will need wiring instructions from the attorney if you are bringing money to the table. Other than that, I would be on site during the inspection. Get some insurance quotes. You will need coverage on the day of closing. If you are paying cash, it is much less complicated.
Fisayo Ijamakinwa
from Atlanta, GA
replied over 3 years ago
Thanks for the responses guys - I will act on all of it.