What To Expect After Signing a Denver Real Estate Contract
Buying a new home isn’t a sprint; it’s a marathon. After wading thru the multitude of Denver neighborhoods to find the perfect location, once you find your dream home in Denver and write a contract, don’t assume the marathon is over -- there are many more miles you must travel before closing.
Here are four steps to take after the contract is signed:
- Be prepared for your earnest money or escrow deposit to be cashed. The amount of the earnest money check will be negotiated by your Realtor.
- Go over disclosures with a fine-tooth comb. Your real estate 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.
- Negotiate with your bank. It’s time to lock in an interest rate with your lender. You may have received pre-approved beforehand, but now you actually need the loan.
- 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 home.
Don’t get derailed by unexpected costs and time-consuming tasks that come 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 Denver home quickly.
If you have a dream of home ownership, begin your search at YourDenverHouse.com. I specialize in helping Denver metro area buyers and listing Denver real estate for sellers. You can search all Denver MLS listings including short sales, Hud Homes, and Foreclosures in all Denver neighborhoods, or contact me directly and I will assist you. If you’d like more information about what happens before closing, please call me at 303-525-8721 or email me at email@example.com.