Offer is accepted by all parties

Pin It

Congratulation, you are one major step further in the process of selling your home here in St. Petersburg. The offer was negotiated and accepted by all parties. The day the last party signed or initialed a change, is your effective day. So, now what?

Start packing and move out of the house?

NO, no, no.  Yes you have a valid legal binding contract,

but most likely there are contingencies.

All these contingencies have to be met first, than it is time to get excited.

(I know you will not like it) but in most cases you will not be 100% sure if you close till the day of closing.

In a cash deal it is a little bit different and you can be pretty sure that you close when the money is in escrow. Most deals however have a financing contingency, and this can be very very tricky!!!

First step, the buyer has to submit a bunch of paperwork

to the lender or mortgage broker, they gather all this and start a file.

I f all looks good and the buyer qualifies for the loan, we move on to the second step, your home has to qualify too, so, an appraisal will be ordered.

Now the need proof of insurance and most likely a survey.

Can you imagine all the things that can go wrong just in these two steps?

See, that is why you can not start packing just because you have an accepted offer.

I know, it is no fun and it can be a long wait but that is just the way it is, Your Realtor can make it a little easier on you by closely watching all the dead lines and following up with the other agent or buyer and mortgage broker. Please see our next post, deadlines are very important!!!

 

Finally, an offer on your home.

Lots of showings but no offer

 Your home is listed with a Realtor but no showings!?

 Ok, you have signed the listing agreement.

Selling your home or condo here in St. Petersburg?

You want to sell your home yourself as a FSBO?

Selling your property with a Discount brokerage

St. Petersburg, Listing your property with a Realtor

St. Petersburg So, how do you find the best Realtor for your situation?

Selling your home in St. Petersburg Florida

What is the price I should list my home for here in St. Petersburg Florida

 

 

Leave a reply