Congratulations, your offer has been accepted and you are thrilled. But wait, up until now you’ve only been shopping for a home and now you are actually in the home buying process.
To prepare and educate our buyers on the purchase process, we conduct an Offer Workshop and cover these 10 important steps:
1- Earnest Money:
The first step after opening escrow is the delivery of your earnest money to the escrow company. We expedite this step by making sure that you deliver the earnest money in the format and timeline set forth in your purchase contract.
2- Property Inspection:
On the day escrow is opened our team will assist you in choosing a qualified inspector with a quick turn-around time so you can determine if any repairs are needed.
3- Lender Documents:
Again, on the first day of escrow we’ll remind you to inform your lender that you’re under contract and to provide any required documents to that lender in a timely manner.
If you’re financing your home purchase, your lender will order the appraisal within 2-3 days after your offer has been accepted.
5- Signing Disclosure Documents:
The home seller will provide you with a list of disclosures to review and sign. As a rule, within 7 days after opening escrow, or before, all the disclosures provided by the home seller need to be signed and returned. Our team is always prepared to review the disclosures with you, answering any questions you might have.
6- Preliminary Title Report:
Once the preliminary title report from the title company has been received, we encourage our clients to study the report. We are more than happy and prepared to answer any questions you may have about the report.
Choose your home insurance provider and provide that information to your lender and title company.
8- Remaining Funds:
Make sure all of your remaining deposit funds are organized and able to be wired into escrow. Shortly before closing, you will receive a statement with the exact amount you need to transfer. Your lender and your escrow officer will contact you to arrange for signing loan and escrow documents.
9- Final Walkthrough:
Ordinarily, 3-5 days before close of escrow, we meet our homebuyers at their soon to be home and do one final walkthrough to make sure everything is in the same condition it was at the time of signing the contract, and ready for closing.
10- Turn on Utilities:
Schedule all of your utilities to be transferred or turned on before the date we are scheduled to close escrow.
When you choose Anderson Coastal Properties to represent you in your home purchase, you know we are here to guide you through the entire home buying process. We keep you informed and educated about each step and remind you, in advance, of each upcoming time-sensitive deadline.