What To Do Once You Are Under Contract

Dated: December 15 2023

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Once your offer gets the green light, the home-buying process becomes like a fast-forwarded movie. It's exciting, but there's a lot happening in a short time. Timing is key, and staying on top of the following is critical to landing smoothly on closing day.

1) Schedule the home inspection. 

First things first, get your home inspection scheduled. And pronto! This step is crucial for uncovering any hidden issues with the property.

2) Show your commitment with an earnest money deposit. 

Next up, it's time to put your money where your mouth is, quite literally. You'll have to submit an Earnest Money Deposit, or EMD - a gesture of good faith to demonstrate your serious intention to buy the property.

3) Meet face-to-face with local lenders. 

The clock's ticking, and it's time to get serious about securing financing for your new home. Find a lender willing to work for you and pull together all the necessary financial data and documentation in order to complete the number-crunching marathon.

4) Do your due diligence.

Remember, it's your responsibility to understand everything about the property, the neighborhood, the HOA, and anything else that could impact your experience of living there —before you sign on the dotted line.

I hope you found this info helpful—and please don’t hesitate to reach out if you have more questions about what comes after 'offer accepted.' I want you to know exactly what to expect as you move towards your new home!

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Olga Telesin

My name is Olga Telesin and I am a Colorado Realtor helping buyers and sellers around the Denver Metro areas of Colorado, including Denver, Aurora, Parker, Centennial, Highlands Ranch, Castle Rock and....

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