Making an offer on a home is perhaps one of the most exciting things you’ll do in your lifetime. Or at least, we happen to think so. We love seeing our happy clients get even happier when they make an offer on a house. However, whether this is the first home you’ve purchased or just one of many, there are a few things that you should know about the next steps after you’ve made your offer. From inspections to expectations, here’s what you need to know about what happens after you make your offer on a new home.

Make sure your financing is good to go.

This is perhaps the most important step and needs to be set into motion before even making an offer on a home. In fact, it’s a good idea to get your financing completed prior to finding the perfect property as doing so will put you ahead of the game when you do find “the one.” We always recommend working with a local lender, specifically a mortgage company, to ensure you’re getting the best customer service as well as the best rates. During this process, ask your lender to help you put together necessary paperwork. We are quickly approaching the busiest time of year in real estate: spring and summer. If a house is well-priced, especially during these seasons, you can expect multiple offers. In order to make your offer stand out, having your financing in order is paramount. Essentially, the more you can do financially between your offer being accepted and closing, the better.

Seek out the best homeowners insurance.

Since most lenders require proof of homeowners insurance prior to the loan-approval, chances are you already have this secured, but if you don’t, now is the time to do so. Homeowners insurance can be bundled with other insurance, so we recommend starting with companies you’re already insured with. However, that doesn’t mean that you should stop there. Give yourself the time and freedom to search around and seek other insurance companies that might give you a better rate. Research and negotiate to ensure you’re getting the best deal available.

Get your inspections.

We cannot recommend having a home inspection enough. No matter if you’re moving into a historic home or a new build, you will rest easier knowing that your home is sturdy and ready for new inhabitants (that’s you!) from the beginning. In fact, the sooner you complete your inspection, the sooner you will know whether you can move forward to closing, if your offer needs to be modified, or worse, if you need to walk away from the deal. If you do have to back out of your offer, it’s not the end of the world. Just know there is another house for you right around the corner…maybe even literally!

Prepare for closing.

Once you’ve minded all of your p’s and q’s, you’re ready to close. During this time, your realtor (that’s us!) will be there every step of the way making sure that you’ve taken care of all of the important stuff. We’ll even be at the closing with you. When you come to the closing, you’ll need to make sure that you have exactly what your lender told you to bring. They’ll provide you with a list of documents and paperwork, but generally you’ll need a government issued photo i.d., like a driver’s license or a passport, along with a  check to cover any costs that may pop up at closing along with your purchase documents.

While it might seem like a huge checklist to complete within a tight window, rest assured that when working with us, you have the best team and the best leaders behind you. If you’re ready to start your own house hunt, reach out to us. We’d love to work with you!



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