After making the deal/offer

[Lee Haenschen]

So I think I've nailed down one of the things that has been holding me back from real estate investing. I'm comfortable with negotiating, inspections & talking with contractors etc...

What I cant seem to figure out is: the next step after a offer has been made on an off market deal and excepted by the homeowner.

Is there any good books that go over this? 

Do you call a closing attorney and set up a closing date, hand over all paper work and he/she  takes it from there? 

Do I need to do a title search myself?

I understand the money part and that it would be in my best intrest to have the home inspected. 

[Jonathan Bombaci]

Did they verbally accept the offer or did you have a offer contract? Here is the rough timeline on how things happen from offer acceptance in assuming at least 30 day closing. 

Inspection 7-10 days after offer acceptance 

Purchase and sale agreement  - 3 days after inspection. The sellers attorney or agent should draft this but since it’s off market your closing attorney might need to do this. This is your chance to renegotiate based on inspection findings. 

2 week before closing : schedule final utility readings, title search should be performed, and you should get homeowners insurance squared away. 

1 week before closing - financing commitment if you’re getting a loan or mortgage. 

24 hours before closing do a final walkthrough of the property. 

I think that’s most of it.. anyone see anything that I may have missed?