Q. ) Who pays closing costs?
A. ) It ‘s negotiable, but it depends on a many factors, including: market conditions, your offer price and terms of the contract.
Q. ) How soon do I need to apply for a loan once the contract is accepted?
A. ) Within 3-5 days of the acceptance date. Preferrably before you look for a property this will be done.
Q.) How much earnest money should I submit with the offer?
A.) Approximately 1-2% of the purchase price.
Q.) When can we close on the home we are purchasing?
A.) Generally, 20-60 days after acceptance of the offer.
Q.) Do I get the property inspected?
A.) Yes, we highly recommend it!
Q.) What if something turns up during the inspection?
A.) You have the right to negotiate the repair or remedy, or withdraw the contract.
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