A common question from buyers is “what happens next once a seller accepts my offer?” Does this mean that you need to pack up your things and move in to the Edmonton house right away? Can you be certain that it’s going to be smooth sailing from here on out? Is it time to celebrate already?
Hold on to your party hats because when a seller accepts your offer this means that your act in the Edmonton home buying play is just moving on to the main plot!
So without further ado, let’s see what happens next after an offer is accepted by an Edmonton home seller.
Call Your Support Group
After a seller accepts your offer and you are officially under contract, you need to connect with your support group - you real estate team! They will guide you through the process of who you need to contact such as your lender, home inspectors, contractors, attorney, etc. And once the appropriate people have been contacted and made aware that you are in fact under contract, they can begin putting together everything you will need to finish the Edmonton home buying process.
Coordinate With Your Lender
You need to take care of a lot of work, mostly on the financing side once your offer has been accepted. There is a list of things your lender will need from you in order to close the buying process, mostly important documents.
Inspect the Edmonton home professionally. Look at issues with regards to the main items in the house such as: foundation, HVAC, electrical and plumbing. Make sure you have a home inspector to go through the Edmonton house. Also consider other specialists such as mold experts to check out the Edmonton house just before the conditions are removed.
During the due diligence period (the period of time before you remove your conditions) make sure your lender has your home appraised early. If the appraisal amount comes back much less than your purchase price, adjustments will need to be made.
Asking Due Diligence Repairs
You will have the opportunity to negotiate repairs with your seller once you have acquired all the reports from the home inspector. Some sellers are willing to make repairs and others are not. Some are willing to adjust the purchase price. If the seller denies your request then you have a choice to continue with the sale or not.
Turn the Utilities On
You will need to set up your utilities to begin a few days before you move in. Have your Realtor contact the listing agent to see who the seller’s current providers are. You may want to remain with them or move to another provider.
All that is left for you is to move in to your new home with the help of a moving company. Or you can ask for help from your family and friends! Don’t forget to change your address so that your bank and other companies know where to find you. And finally, have a house warming party to celebrate the purchase of your new Edmonton home!!
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Note: Remember, you can access all our available Homes For Sale in Edmonton through our Edmonton MLS Listings page.
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