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Contract on a home: your next steps Massachusetts

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

Local Companies

Stonegate Group
(508) 655-1700
83 Speen Street
Natick, MA
The Warren Group
(617) 428-5100
280 Summer Street
Boston, MA
Tishman Speyer Properties
(617) 342-7500
125 High Street, 14th Flr.
Boston, MA
Edens & Avant
(617) 369-6600
21 Custom House Street, Ste. 450
Boston, MA
Saint James Real Estate Advisors
(617) 426-6666
10 High Street, Suite 701
Boston, MA
CB Richard Ellis / N.E. Partners, L.P.
(617) 912-7000
33 Arch Street, 28th Flr.
Boston, MA
Extell Boston Harbor LLC
(617) 737-4440
One International Place, 14th Flr.
Boston, MA
The Congress Group
(617) 897-7200
33 Arch Street, Ste. 2100
Boston, MA
Lincoln Property Company, Inc.
(617) 951-4100
225 Frankin Street, Ste. 2310
Boston, MA
Crowley Associates
(617) 350-6135
355 Congress Street
Boston, MA

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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

Stonegate Group

(508) 655-1700
83 Speen Street
Natick, MA
Read more about Contract on a home: your next steps

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