Step 6: Conditions
The sellers have accepted your offer, now what? Most real estate contracts include terms and con-ditions that have to be met in order for the sale to be firm. These can typically include: Financing, Home Inspection, and Condo Document Review.
Financing is one of the most important conditions included in a real estate contract. Although you have been pre-approved for your mortgage, this step gives your bank/mortgage broker an oppor-tunity to review and approve your requested loan and verify and appraise the property. We com-municate and work with your lender and provide all applicable documentation and information, ensuring a smooth process.
A home inspection is a valuable tool where you enlist a professional to inspect and evaluate the home for any potential problems or deficiencies. Not only will a skilled home inspector find any major issues, they will also work closely with you and discuss minor repairs and home maintenance.
In condominiums, you are buying a piece of a larger project and we want to ensure the entire con-dominium complex is being managed appropriately. A professional condominium document review outlines the strengths and weaknesses in the financial, structural and managerial aspects of the development. Now you can make a well-informed decision to move forward with your home purchase.