Process of Selling: Part III5/7/2019
Last week I discussed the various steps in the negotiating process. Once the negotiations on your sale are complete, the buyer will be asked to perform on their contract.
- Step 7. Buyers submit a loan application and home inspections are scheduled. Most often the loan approval is contingent on a satisfactory appraisal and conclusion of various inspections.
- Step 8. The loan is approved. This is when both sides of the transaction breathe a deep sigh of relief. In today’s market, the financing side of the equation is the most complex. Once the loan is approved, you may begin preparations for moving.
Next time, I will outline the steps to close and finalize your transaction. Call me if you have any questions on the process. I’m here to help in any way.