05 October 2012

What Happens After You Buy A House in Tooele UT

What Happens After You Buy a House in Tooele UT  (Sign a Tooele Utah Real Estate Contract?)

Buying a new home isn’t a sprint; it’s a marathon. When you find the Tooele UT home or condo of your dreams and place an offer that is accepted, don’t assume the marathon is over -- there are many more miles you must travel before closing. I hope you will have me in your corner watching your back, but if not here are some things you should be aware of.

Here are four steps to take after the contract is signed:

1.      Be prepared for your earnest money or escrow deposit to be cashed. This money can be anywhere from $1,000 to three percent of the price of the home. Your agent should normally put that deposit in their trust account.

2.      Go over disclosures with a fine-tooth comb. Your agent will help you identify any red flags. Then you want to familiarize yourself with the home’s history, zoning district and past building permits. Ask questions about anything you don’t understand.

3.      Negotiate with your bank. It’s time to lock in an interest rate with your lender. You might have gotten pre-approved beforehand, but now you actually need the loan. Make sure you are working with a lender that can actually show up to your closing on the day required under your contract with funds to deliver title. I have seen closing not take place because lenders could not perform, and the buyer forfeited the earnest money and lost the house. If you don't have a lender that you or someone else is sure about, i will be happy to recommend a few that work in Tooele and are trustworthy.

4.      Schedule a property inspection. Attend the inspection, and come prepared with a list of questions for your home inspector. The point of this appointment is not just to highlight major issues, but also to familiarize yourself with the short and long-term maintenance of your new Tooele Home.

Don’t get derailed by unexpected costs, time-consuming tasks and what happens after you buy a house in Tooele UT.(after you sign a contract.) You’ll want to be mentally and financially prepared so that you can close smoothly and move into your new Tooele Utah real estate quickly.

If you’d like more information about what happens before closing, please call me at 435-840-5029 or email me at bernagroup1@yahoo.com

I'd like to talk to you more about what happens if you buy a house in Tooele UT if you buy with Group1 Real Estate.

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