WHAT HAPPENS NEXT AFTER AN OFFER IS ACCEPTED BY AN EDMONTON HOME SELLER
One of the most common question from buyers is “what happens next once a seller accepts my offer?” Does this mean that I need to pack up my things and move into my new Edmonton house right away? Is it time for a celebration already?
Hold on first 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 scene.
So without waiting any further, let’s see what happens next after an offer is accepted by an Edmonton home seller!!
Contact Your Support Group
After a seller accepts your offer, you are officially under contract. Your deal is now pending. You need to communicate with your support group which is 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 under contract, they can begin putting together everything you need so that the Edmonton home buying process can come to its conclusion.
Call Your Lender
Once your offer has been accepted, you need to take care of a few things, mostly on the financing side. There are important documents your lender will need from you in order to close the buying process.
House Inspection
Inspect the Edmonton home professionally. Look for issues with some of the main items in the house like the foundation, HVAC, electrical and plumbing systems. You may want to consider other professionals such as a mold specialist to check out the Edmonton house especially if it is older. This needs to be done before conditions are removed.
Home Appraisal
During the due diligence period make sure that your lender is going to have your home appraised. You may find out it doesn’t appraise at the purchase price and this will force you to think twice about the purchase.
Due Diligence Repairs
When you have acquired all the reports from the inspector, you will have the opportunity to settle repairs with your seller. Some sellers are willing to make repairs or adjust the purchase price. But when a seller refuses your request then you have a choice to proceed with the sale or not.
Turn On the Utilities
Just days before you move in you will need to set up your utilities. Have your Realtor contact the listing agent and see who are the seller’s current providers. You can choose to remain with them or move on with a different provider.
All that is left to do now is move in to your new home!! Check with your family and friends for moving help or hire a moving company if you have the means. Don’t forget to update your address so that your bank and other important companies know where to find you. And finally, you can now have that house warming party to celebrate the purchase of your new Edmonton home!!
Remember to follow Serge on Instagram @SergeBourgoin and get a first hand view on how he’s helping Edmonton homebuyers, sellers and investors.
For a complete list of available Edmonton homes for sale, check out the new Edmonton MLS listings.
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