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    Under Contract to Yours

    After the offer is accepted, you are then what is called “under contract.”

    You may see this signage, or you may see the word “pending.” This is because the seller must now confirm that you are a viable buyer, and you need to determine if the property is what they say it is. Oftentimes, this is when sellers fulfill repair requests. You will continue working with your mortgage lender to supply all the necessary financial documentation needed to obtain your home financing. We will get your contract to the title company, where they will complete a title search and schedule your closing. Next, schedule your appraisal. Be sure to follow through with every request from your lender, and do not buy anything new that requires financing or eats into the savings you have for closing costs. This is very important because, without your funds for closing, you will not be able to close.

    A day before closing, you will receive a Closing Disclosure Statement that must be reviewed carefully by all of us. This statement will include closing costs, earnest money paid, and any cash you will need to bring to closing. The day before closing or the day of, we will visit the property one last time then sign all the paperwork. We encourage everyone to read through their closing documents thoroughly. In addition, you will be offered title insurance and a variety of other products. Consult your real estate agent on what is the most applicable and needed for you and your family before proceeding.

    After your closing, it is made official. You are now a homeowner! You will have received mortgage payment instructions at the title company when you signed the closing documents, so be on the lookout for those. Now you can start unpacking and making the house into your home.

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