So the seller accepted your offer on their listing. Now what? After you take a moment to exhale in both excitement and relief, it’s time to get moving on the steps that come next. At this point, the home hunting process has ended, but the buying process has only just begun. The experienced real estate agents at Lawrence Realty in Red Wing, MN, have been helping clients buy and sell homes in the area for over 68 years. The team is here to discuss the steps you will need to take after your offer is accepted.
Real Estate Agents List Steps to Take After Your Offer Is Accepted
1. Apply for a Mortgage
You are not obligated to take out a home loan with the same company that pre-approved you for a mortgage. After your offer is accepted, you should take the time to interview a few different lenders and compare rates until you find the best offer.
2. Schedule the Home Appraisal & Inspection
Mortgage lenders require a home appraisal and inspection before you can buy the house. The appraisal will provide you with detailed information about the value of your home, while the purpose of the inspection is to determine if there are any structural issues or damages.
3. Buy Homeowners Insurance
In addition to an appraisal and inspection, your mortgage lender will also require you to purchase homeowners insurance before you close on the house. Depending on the location and features of the property, you may also be required to get other types of insurances, such as flood or pool coverage.
If you’re looking to buy a home, turn to the team at Lawrence Realty in Red Wing, MN. The professional real estate agents understand the difficulties of navigating the process and have the expertise and connections necessary to land you the best deal. Call (651) 388-4745 today to schedule a consultation, or visit their website for more information about their agency or to browse the current real estate listings.