WE ARE PENDING!
Congrats on Finding a Buyer!
Congratulations on coming to terms with the seller on your home – this is a great home and will be a good fit for what you’re after! Here’s what’s coming up over the next couple of weeks:
Please note that you may use any inspectors or testing companies that you wish and you certainly don’t have to use the folks we recommend. We have a good history with the above inspectors and have had many inspections/sales “fail” as a result of their work. We aren’t looking for those who will try to “pass” at all costs or prove themselves by sounding 'Doomsday' at each item found, but for those who offer good opinions and communication. We do ask, however, that if you don’t use the inspectors we recommend, that you at least get referrals from other people you know. It’s generally not a good idea to find these types of inspectors online or in the phone book, as it can be tough to gauge ahead of time what sort of quality you’ll receive.
Thank you again for your trust in handling this for you – please reach out and let me know if you have any questions! I look forward to talking with you again soon!
- Deposit the earnest money with the title company. This can be dropped off, picked up or we can set up a wire to transfer funds to the title company, just let us know which is most convenient;
- Talk to your Loan Officer to discuss what’s needed next to get your loan going forward;
- Decide which inspections you wish to have done and schedule (see below for more);
- Review Preliminary Title Report (expect this in about 7-10 days);
- General home inspection – this will cover most items in the home and will give you an idea of items to be addressed, from red flags down to minor “down the road someday” repairs you may never actually make. This information can save you a lot of money or from buying a home that you’ll regret down the road. The home inspector won’t sugarcoat things, but they know how to communicate which items are important, which could be safety hazards, and which are things you may address down the road simply to make the home more comfortable. Every inspection comes with a long list of items; we will help you sort through them to figure out what’s what.
- Cost: varies with size. Budget $425 - $550 to be safe.
- Sewer scope/inspections – even newer sewers have issues from time to time, so this is money well spent. They are looking for leaks, root penetration, sagging lines (which can lead to clogs) and pipe deterioration that renders the pipe nearly failed. Also, a sewer inspection will detect rare instances of “party” or “shared” sewer lines, which need to be replaced when found.
- Cost: $125
- Radon test – this is a 48-hour test. We will schedule the kit to be dropped off about 48 hours before the sewer inspection so Matt can get the radon results at the same time. According to the EPA, radon is a dangerous carcinogen. For more: http://www.epa.gov/radon/
- Cost: $100
- Cost: $100
- Roof
- Chimney
- Furnace
- Electrical
- Plumbing
- Foundation
- Insect, etc.
- Structural
- Drainage
Please note that you may use any inspectors or testing companies that you wish and you certainly don’t have to use the folks we recommend. We have a good history with the above inspectors and have had many inspections/sales “fail” as a result of their work. We aren’t looking for those who will try to “pass” at all costs or prove themselves by sounding 'Doomsday' at each item found, but for those who offer good opinions and communication. We do ask, however, that if you don’t use the inspectors we recommend, that you at least get referrals from other people you know. It’s generally not a good idea to find these types of inspectors online or in the phone book, as it can be tough to gauge ahead of time what sort of quality you’ll receive.
Thank you again for your trust in handling this for you – please reach out and let me know if you have any questions! I look forward to talking with you again soon!