STEP#8 Congratulations! Offer Accepted, Now what next?

Once your offer has accepted, your agent will schedule all the proper inspections mentioned in the purchase contract within the time frame. If you work with Chanu Badwal, she will normally send an email message out to you outlining the steps to closing escrow and picking up the keys to your new home.  Here is a basic overview of the steps to completing the purchase:

Immediately follow up with your loan officer and update any documents they might need. Make your loan officer aware of your contract date to release the financing contingency so your loan can be fully approved on time prior to contingency date. Review the Good Faith Estimate with your loan officer and real estate agent. Find out when is the best time to lock your interest rate. Your loan officer will order the title and appraisal.

Open Escrow Account: Your deposit check will be held in escrow within 48 hours of confirmed acceptance of the contract. You agent will deposit the Earnest Money Deposit in Broker’s Escrow account.

Get a Home Inspection: Ask your agent for recommendation for Home Inspector who he/she have previously worked with and feel comfortable with. If you work with Chanu Badwal, she will immediately order the home inspection to meet the contract contingency date. If you can or cannot make it to the home inspection, Chanu Badwal will be present at the home inspection for you (not all agents are like her).