So, you've accepted an offer on your home.
Really?! Is it time to party? Just about,
but not quite yet. So, what's next? We're
going to walk you through it, starting right now!
Hi, my name is Carolynn! I'm a REALTOR® and
a member of the awesome and super fun
Wise Move AZ Team. We work in the North
Phoenix metropolitan area and our entire
team lives in and loves Anthem, where our
real estate practice is focused. If you
haven't done so already, consider
subscribing by clicking the subscribe
button right there, so you don't miss any
of the great information, great ideas, and
other terrific stuff we have, just for
you! The offer/counteroffer phase of the
home selling experience can be very
stressful for both the seller and the
buyer.
This process is exacerbated when there
are multiple counter offers. When the
seller and buyer have signed the last
counteroffer and it's delivered to both
parties, tidings of great joy befall all
parties involved! You are 'under contract',
congratulations! That's a huge step, but
what happens next?
Once you finish reveling in joy and
relief, you may be happy to learn that
it's the buyer (not the seller) who jumps
into action. For the buyer. many
things need to be done quickly. If you
want more information on what the buyer
needs to do check out our buyers series
videos by clicking right here. Then come
back to me, to learn what the seller
needs to do. At this point, the seller
begins a contractual waiting game and
a packing and moving frenzy. From a
contractual perspective, the seller's
obligations are firstly, to
maintain your home in the condition it
was in at the time the contract was
accepted. Which means that if something
breaks before closing it's your
obligation to fix it! In Arizona, this
means you're entering the inspection &
BINSR phase. We have a video on
this as well, if you want to check it out.
The buyer now can inspect your home and
decide if he or she wants to continue
with the purchase, and you are required
to accommodate those inspections. It's
most likely that the buyer will, within
the 10 day inspection period, deliver an
inspection notice requesting that you
make some repairs. If you want this
contract to close and are willing to
do some repairs, you'll need to negotiate
fairly with the buyer to determine what
you will and will not do. Advise your
utilities and other service providers of
your closing date, so that your
services can be terminated and the buyer
can arrange for activation. In Arizona
you're required to keep utilities and
services 'on' to accommodate the buyer's
inspectors and the final walkthrough,
which will take place during the last
few days before closing. Notify your
home insurer that your homeowners policy
can be cancelled the day after closing.
If something goes wrong and you don't
close on time, you'll want to make sure
that you have insurance coverage until
you officially no longer own your home.
If the buyer is financing the purchase,
the mortgage company will require an
appraisal. If the buyer's paying cash for
your home he or she may want an
appraisal. Either way, you'll need to
accommodate the appraiser. The buyer
may want to return to your home to take
measurements, check paint colors and
finishes, fixtures, those sorts of things.
You are not obligated to accommodate
these visits, but we strongly encourage
you to do so. Keep in mind that during
the inspection period, the buyer can
cancel the contract for any reason, so
this is not the time to make them angry
or frustrate their efforts. You need to
be completely out of your home and ready
to deliver vacant possession when the
title transfers to the buyer. If all is
in order,
particularly in Arizona, you could well
be required to deliver vacant possession
at 8 a.m. on the closing day. This means
that unless other written arrangements
have been made, you need to be moved out
of your home by 8 a.m. on the closing
day. Assuming you don't want to be up all
during the wee hours on the day of
closing, we strongly recommend that you
make every effort to be out of your home
no later than the day before
closing. Keep in mind that the buyer is
entitled to conduct a walkthrough
inspection before closing, and your home
should be vacant and broom swept when
that happens. So, go ahead and get packing,
it's time to move! So, that's it; that's
all I have for you today! If you want
more information on what happens after
you have an accepted offer or if you
want to stay up to date on all things
Anthem, subscribe to our Wise Move AZ
channel on YouTube. And remember, if you
or anyone you know is looking to buy or
sell their home, please give us a call!
It's always the right time to make a
wise move with the Wise Move AZ Team.
Thanks for joining me today!
Không có nhận xét nào:
Đăng nhận xét