Carla Ness' Blog
After you accept an offer on your house, what happens next? Ultimately, there are several steps that will need to be completed to finalize a home sale, including:
1. Completing a Home Inspection
A home inspection may be completed only a few days after you accept a homebuyer's offer. This evaluation enables a homebuyer to conduct a thorough examination of all aspects of your home, and if necessary, rescind or renegotiate a proposal.
For home sellers, it is paramount to maintain a direct, upfront approach with homebuyers. If you are honest with homebuyers from the get-go, you may be able to avoid problems when it comes time to complete a home inspection.
With an experienced real estate agent at your disposal, you should have no trouble establishing realistic expectations for your home. Plus, your real estate agent will offer recommendations for home repairs and upgrades, ensuring that you can complete the necessary home improvement tasks before you add your residence to the real estate market.
2. Performing Home Repairs and Upgrades
If a homebuyer discovers major problems with your house during a home inspection, he or she may request home repairs or upgrades. In this scenario, you may be required to perform various home improvement tasks to finalize an agreement.
Home improvement tasks can be expensive and time-consuming, but they sometimes are necessary to ensure that you can reach the finish line of the home selling process. If you ever have concerns or questions about home repairs and upgrades, your real estate agent should be able to respond to your queries at any time.
Furthermore, if you feel like a homebuyer's home repair and upgrade requests are unwarranted, you can always decline these requests. If you choose this option, however, the homebuyer could rescind his or her offer on your home, and you may need to restart the home selling process from stage one.
On the other hand, you can always try to negotiate with a homebuyer. For example, if you offer to lower the price of your house after an inspection, you may be able to speed up the home selling cycle and avoid making a significant time investment to perform property repairs and upgrades.
3. Packing Up Your Belongings
After a homebuyer finishes an inspection and agrees to purchase your home in its current condition, you'll be able to set up a closing date. You'll also need to consider where you'll go next and plan accordingly.
Packing up your belongings is essential, and you may want to put various items in storage if you plan to live in temporary housing in the foreseeable future. In addition, you'll want to set up plans to get all of your belongings out of your residence before the closing date to ensure that the homebuyer can move into the house on schedule.
Selling a home may seem tricky, especially for those who are uncertain about how to navigate the home selling process. Luckily, your real estate agent is happy to support you in any way possible. As a result, you can work with your real estate agent and guarantee that the home selling process is completed quickly and effortlessly.
If you’re buying a home, most likely, you’ll want to have a real estate attorney. The attorney will serve a couple of different purposes, namely, to protect you in the purchase of a home.
Real estate attorneys provide legal advice related to the purchase of a home. An attorney’s duties include:
- Reviewing and revising the purchase and sale agreement (referred to as the P&S)
- Negotiating the P&S with the seller’s attorney
- Adding riders to protect your interests
- Ensuring you meet contingency dates
- Helping the buyer to understand zoning laws
- Helping the buyer to understand ownership interests
If there’s a dispute during the sales process, you’ll be quite happy to have an attorney on your side. The attorney can provide advice based on your legal rights and legal obligations under any contracts that you have signed.
The bottom line is that your attorney will have your best interests in mind. In everything from ownership issues to disputes and how they will impact your ownership in the property, your attorney will be there to give you the most pertinent advice. There are numerous situations that can come up when it comes to buying a home. It’s impossible to anticipate them all. You don’t want to end up owning problems that you didn’t create, or were unaware of.
Coordinating With Other Attorneys
As a buyer, your attorney will coordinate with other attorneys involved in the sales process. This includes the seller’s attorney and the attorney that will be responsible for the closing on the sale of the home. Your attorney will make sure that all other parties have followed through to resolve any issues that may arise in a timely manner. Your attorney can actually become the closing attorney under certain circumstances, but they will at least be present at the closing.
The Closing Attorney
The closing attorney is the one who is responsible for many different tasks before and during the closing on the sale of the home. These tasks include:
- Searching the title
- Resolving title issues
- Issuing the title insurance
- Obtaining the payoff amounts for any outstanding mortgages or leins
- Ensuring taxes and any other city or town related bills have been paid
- Preparing closing fees on the settlement statement
- Explaining documents that will be signed at closing by both the buyer and the seller
Buyers in different states have different rights as to who they can choose as their closing attorney. In a technical sense, the closing attorney represents the lender. It’s a good idea to have your own buyer’s representation at closing.
Attorneys have a duty to keep their clients‘ information confidential and also to keep their best interests in mind. If an attorney is representing both the buyer and the lender, you will most likely receive a form of written consent, notifying you of this matter.
There’s a lot going on legally during the purchases of a home, so be sure you get recommendations and find the right attorney who will represent you as a buyer.
You honestly may not get the chance to deep clean your home very often. When you do clean your house, there are a few places that are harboring many germs that are easily overlooked. Below, you’ll find some of the dirtiest areas in your home that need to be scrubbed well.
Handles And Knobs In The Kitchen
You’re handling everything in the kitchen from dirty dishes to raw meat. After touching these items, you’re grabbing drawers, refrigerator door handles, oven doors, and more. All of the bacteria that is on your hands is transferred to these items. You should scrub these areas down on a weekly basis with a simple vinegar and water solution.
Your Computer And Accessories
If you’re like most people, you spend a lot of time at your computer. You eat drink, talk on the phone, and everything else right in front of your computer. It’s a good idea to rid the bacteria that are collected all over your computer and accessories. You can detach the attachments from your computer a dab them with a mild soapy water solution, or just wipe them down with a pre-moistened anti-bacterial cloth.
The Toothbrush Holder
You use your toothbrush to clean your teeth, but do you ever clean the place where it sits? You can quickly place your toothbrush holder in the dishwasher once a week, or sterilize it with hot water and soap. As a bonus, you should clean your toothbrushes by boiling them in water for a few minutes.
The Handrails And Doorknobs
Everyone uses the railings on the stairways, but it’s a good bet that no one cleans them very often. You can use a simple hot water and vinegar solution to scrub railings and doorknobs down. Wipe them dry, and they’ll be as good as new with less germs.
The Light Switches
As you go in and out of rooms, you probably don’t think of cleaning off the light switch panel. Germs are easily spread there as people go in and out, turning a light on just to wash their hands. Vinegar and hot water will do the trick here as well. Just wipe switches down with a cloth soaked in the solution and pat dry.
While you may wipe down around your sink often, the faucet and surrounding areas may need a little love. Faucet handles should be scrubbed on a daily basis with hot soapy water. As a bonus, if you want to make your sink shine, create a paste with vinegar and baking soda. Once you scrub it on the faucet, rinse off for a fantastic shine.
If you plan to buy a house, it helps to take an honest approach to the homebuying journey. In fact, there are many reasons to remain open and honest throughout the homebuying journey, including:
1. You can set realistic expectations for the homebuying cycle.
If you're honest with yourself, you can determine exactly how much that you can spend on a residence. Then, you can tailor your home search accordingly.
Furthermore, an honest approach is ideal to ensure you can maintain realistic expectations as you pursue houses. No house is perfect, but an honest homebuyer will realize this before he or she embarks on a home search. As a result, this homebuyer may be better equipped than others to discover a terrific house that matches his or her expectations.
2. You can resist the temptation to spend beyond your means.
Oftentimes, it helps to get pre-approved for a mortgage before you enter the housing market. If you pursue houses with a mortgage in hand, you can establish a price range for your home search, thereby reducing the risk of spending too much on a house.
When it comes to getting a mortgage, you'll need to be honest with prospective lenders. These financial institutions will perform their due diligence to ensure you are qualified to receive a mortgage. And if you are dishonest with lenders, you are unlikely to get the mortgage you need to acquire your ideal house.
3. You can speed up the homebuying journey.
The homebuying journey may prove to be a long, drawn-out process if you're not careful. Fortunately, with an honest approach to buying a house, you can limit the risk of encountering time-consuming homebuying hurdles.
For example, if you are honest with yourself about where you want to live, you can refine your home search to particular cities or towns. This will enable you to keep track of available houses in certain areas, resulting in a fast, efficient home search.
The aforementioned list highlights some of the key reasons to be honest with yourself and others as you pursue a house. Of course, if you need extra assistance as you search for your dream home, you may want to hire a real estate agent too.
A real estate agent is a homebuying expert who will be direct and forthright with you throughout the homebuying journey. As such, a real estate agent can help you take the guesswork out of purchasing a house.
Usually, a real estate agent will meet with you and learn about your homebuying criteria. This housing market professional then can tailor a home search to help you identify your dream residence. And if you have any homebuying questions, a real estate agent can respond to these queries immediately.
Perhaps best of all, a real estate agent will provide honest, unbiased recommendations as you proceed along the homebuying journey. This housing market professional will simplify the homebuying process, ensuring you can acquire a top-notch house that you can enjoy for years to come.
- Rain gutters on your house can help divert water away from your foundation, which is one factor in preventing basement leaks and excess moisture. When rain gutters are not working properly, it's usually the result of one or two things: 1) clogs caused by leaves and other debris, and 2) downspouts which fail to direct water far enough from the house. Diverting water away from your home can also help protect your foundation from premature cracking of crumbling. Although rain gutters need to be cleaned once or twice a year, there are low maintenance products available which let the rain water in, but keep the leaves out.
- Sump pumps: An essential device for wet basements is a sump pump -- preferably the kind that work during extreme weather conditions and power outages. Those are the conditions under which homeowners need a working sump pump the most!
- Basement waterproofing solutions: Depending on the extent of your water seepage problem, you may want to consult a basement waterproofing service. Since prices, warranties, and services may vary quite a bit from one company to the next, it would be wise to get a few estimates. Basement waterproofing companies may recommend several options, such as exterior excavation, the installation of new drainage tiles and French drains, and the application of a waterproof membrane on the outside of foundation walls. Interior work may involve the creation of a drainage trench around the perimeter of the basement and the installation of drainage tiles or piping to channel excess water to a sump pump. So as you can imagine, basement waterproofing can be quite expensive. That's why the best strategy is usually a preventative one.
- Damage control: One way to help prevent or minimize damage to your home from leaking water pipes or malfunctioning appliances is to have an automatic shutoff mechanism installed in your plumbing system. By detecting and responding to reductions in water pressure, it can turn off water flow at specific locations to keep flooding and property damage to an absolute minimum.