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Contract on a home: your next steps Maryland

You've signed a contract to purchase a home. Now what? Here are the next steps you need to take.

Local Companies

BASK Properties
717-830-2767
240 South Potomac St
Hagerstown, MD

Grayson Homes
410.761.8585
112 Sanderling Court
Glen Burnie, MD

DMV Properties
(202) 413-3052
9420 Key West Ave. Suite 105
Rockville, MD

Strands of Style
443-880-0115
26693 Bevin Lane
Hebron, MD

The Highland Real Estate Group
301-831-9947
50 Citizens Way
Frederick, MD

Taylor Properties
202 528-1134
2042 Somervile Rd
Annapolis, MD

ZipRealty
443.928.0003
Kenniworth Business Comples
Towson, MD

PreConstruction Catalysts
(301) 570-9100
1816 Darnell Dr
Olney, MD

PreConstruction Catalysts, Inc
(301) 570-9100
18156 Darnell Dr
Olney, MD

Long & Foster Real Estate, Inc.
410-437-9000
4100-D Mountain Road
Pasadena, MD

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You’ve been searching for the perfect house. At last you’ve found it, and you make an offer. The seller accepts it, and now you have a contract. What happens next?

1. Contact your lender
Once you sign a contract on a house, things can move rather quickly. If you have been pre-approved for a mortgage, you need to make sure all the necessary paperwork has been completed in order for you to obtain final approval. Contact your lender and provide whatever additional information is required.

2. Arrange a home inspection
It’s always wise to have a professional home inspector go through the home to see if there are any problems that need to be addressed. If you have stipulated in your contract that your offer is conditional upon inspection, then you will able to negotiate with the seller regarding any necessary repairs. The seller will then have to make appropriate arrangements to correct those issues.

3. Remember small details
There are numerous small details to take care of once you sign a contract on a home. You must change your address and change over your utility billing for the new home. You need to make moving arrangements. Don’t forget to contact your insurance company to set up homeowner’s insurance. Also, be sure that all of your funds are in order for closing.

4. Take a final walk-through
Prior to closing, make sure to take a final walk-through of the home. This is an important last step. It ensures that any repair issues that were included in your contract, and raised during the home inspection, are taken care of, and also that the house is ready for you to move in.

Remember, there’s always a flurry of activity once you have a contract on a home. Keep a list to help make sure that you have done all that you need to do. This should help your home-buying process go smoothly.

Published on January 12, 2007

Read full article at realestate.com

Featured Local Company

BASK Properties

717-830-2767
240 South Potomac St
Hagerstown, MD
http://www.BASKProperties.com

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Free Introductury Real Estate Investing Class
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Environmental	Home Electronics	Pets	World History