What Comes Next After Accepting an Offer on Your Home

Selling a home takes patience. Especially when you’re balancing your time between settling into your new home, and keeping up with your work and family life. So, when you’ve finally gotten to the point of accepting an offer on your home, you’ll probably breathe a sigh of relief–and you should!  However, there are still a few more things that will need to happen and a couple of things to consider before closing the deal on your home sale.

Contingencies on the purchase contract

A purchase contract typically includes contingency clauses that are designed to protect the interests of both the buyer and the seller. These clauses mean that the contract is contingent upon the actions being completed before it can be legally valid.

There are three main contingencies that will likely be included in the purchase contract before closing–inspection, financing, and appraisal.

Inspection contingency

The inspection contingency allows the buyer to have the home inspected by a professional before closing (the time should be specified within the contract, but the inspection should usually occur no more than two weeks after you accept the offer). A home inspection lets the buyer know what to expect in terms of repairs that the home needs now or will need in the near future.

Financing contingency

Since the vast majority of buyers will be purchasing their home through a loan, a financing contingency is included to allow the buyer time to secure their mortgage. Getting pre-qualified and pre-approved makes this process easier, but the buyer will still have to finalize and close on their mortgage before their financing is official.

This clause exists to protect the buyer in the event that their mortgage application is denied, ensuring that they aren’t penalized.

Appraisal contingency

The third contingency most often found in purchase contracts is a home appraisal. The buyer will order an appraisal and then the appraiser will reach out to you to find a day to come and value your home.

If the home is then appraised at the amount agreed upon in your contract, this contingency is met. However, if the appraisal comes up lower than the purchase amount, the buyer can renegotiate the price.

Walkthrough and closing

Once the appraisal and inspection have been met and financing secured, the buyer will have a chance to do a final walkthrough of your home. The walkthrough usually occurs no more than two days prior to closing on the sale. A walkthrough allows the buyer view the home one last time to ensure that the condition of the home hasn’t drastically changed since the home was inspected or appraised. So, make sure the buyer is aware of any changes you planned to make to the home before closing.

Now you’re ready to close on your home sale. You’ll receive a disclosure form to review (read it carefully!) and sign. Once closing is complete, ownership of the home is officially transferred to the buyer.

While the closing process does include several steps, it’s important to be available and cooperative along the way to ensure a smooth sale and transition into your new home.

Tips To Get You Ready To Buy A Home

Getting ready to buy a home is one of the most exciting times in life. The purchase of a home is one of the biggest financial decisions that you will ever make in your lifetime. When you make the decision to buy a home. There are a few key things that you need to do to be prepared for the process of a property purchase. It can be simple if you have the right preparation and knowledge.

Find The Right Realtor

A good realtor will steer you in the right direction when it comes to finding the home of your dreams. Your real estate agent also will help you each step of the way on the road to buying that home. There’s a lot of paperwork that must be done in a timely manner throughout the buying process. The right realtor can even help you to get the offer in for the right home in on time. In a competitive market, having a realtor who is on top of things can mean the difference between purchasing the home you want and letting it fall through the cracks.

Know That You’re Signing A Lot Of Legal Paperwork

The purchase of a home does involve a contract. If you need more time for anything such as reviewing your home inspection or waving certain contingencies, you’ll need to state that. Every piece of the transaction is important and needs to be formally processed when it comes to purchasing a home. Your realtor will be there to help you through all of these complicated processes. 

Think Of The Future

When you’re choosing a home, you’re not just buying for your life as it stands right now. Are you hoping to have a big family? Do you need a home office? How much entertaining are you planning on doing? All of these things are important when it comes to the type of home that you’ll buy. If you don’t plan for the future, you’ll outgrow the home that you’re in quite quickly. 

Look For Potential

See what potential the homes that you’re looking at have for you. Some homes may have major cosmetic issues that can easily be fixed. Perhaps The walls just need some fresh coast of paint. Maybe the deck needs to be stained. If you go into the house search with an open mind, it will be a lot easier for you to find the right home. You don’t need a home that is absolutely move-in-ready unless of course, you’re building a brand new home from scratch.

Know Your Finances

One of the most important things about buying a home is knowing your finances. Don’t buy a home that you can‘t afford. From looking at your own budget to getting pre-approved, you’ll be able to have a better understanding of your own financial situation and how much house you can afford.

A Fresh Coat of Paint Can Transform Your Home

While home ownership can be a very satisfying and rewarding experience, it does bring with it a new set of responsibilities and demands. Whether you’re buying a brand new home or a fixer-upper, several things will have a major impact on your lifestyle.

One of them is the need is to personally handle or manage your own repairs, decorating, and home improvements. In many cases, you can (and should) hire a professional to do the actual work, but there are a lot of projects you can do more cost-effectively on your own.

The first one that comes to mind is interior painting. If you want to keep your home looking fresh, well maintained, and visually appealing, repainting your walls and ceilings every few years is a necessity. How often you need to break out the paint brushes, rollers, and drop cloths depends on several factors. For example, some rooms are subjected to more wear and tear than others. Bedroom walls, hallways, and bathrooms often seem to need the most attention, but kitchens, family rooms, and other areas of the home are usually not far behind.

If you’ve been noticing that one or more of your rooms are starting to look scuffed, faded, or dull, then it may be time to roll up your sleeves and give those walls a fresh coat of paint! It always makes a dramatic difference in the look and feel of that room, and it typically can be completed in less than a day — especially if you team up with an energetic spouse, friend, or family member. If you’re focused and organized, a room-painting project can often be completed by lunchtime. (Depending on who’s providing the help, however, you might be expected to provide lunch!)

When procrastination is a problem, taking small steps will often help you gather momentum and keep moving forward on your painting project. An easy, but necessary first step is to pick out and bring home an assortment of color samples from your local hardware or paint store. Holding them up to your walls and seeing whether they complement existing furniture, flooring, and decorating schemes will help you choose a color you’ll be satisfied with.

If you’re not ready to tackle the project right away, you can still purchase the paint, rollers, and other supplies. Assuming you’re not going to postpone the project indefinitely, you’ll be a lot more likely to get started in the near future if the supplies are already in the house. You’ll be streamlining the process and nudging yourself to get the job done soon by purchasing the painting supplies and having them close at hand.

While motivating yourself to do projects around the house may sometimes seem to be the biggest hurdle to clear, starting small and gaining momentum as you go is often an effective way to keep your home looking its best at all times!

Questions Buyers Should Ask Sellers

When you move into a home that you worked so hard to buy, it’s an exciting and overwhelming time. The biggest problem with a new place is that you don’t know your surroundings very well. Even if you have just moved down the street, there’s a lot of new things to be discovered from new neighbors to new places to explore. 

One thing that many new homeowners overlook is the way in which their new home functions. Do you know where the circuit breakers are? What about that switch in the corner of the living room that doesn’t seem to do anything? While the seller’s disclosure and your home inspector will give you a wealth of information, you can gain a lot of knowledge just by asking questions. 

Sellers may not be eager to answer too many questions at first for fear that their answers could jeopardize the sale of their home. You can safely ask a lot of questions at the final walk-through or at closing since the seller will know that they’re secure in the transaction.         

What’s Strange About This House?


While you wouldn’t word a question to a seller in this exact way, you do want to know if there’s anything unique or anything that you should anticipate about the home. Remember that you should be subtle, yet curious in your question asking. 

What Type Of Repairs Have Been Made?

While you expect that most repairs will be on the disclosure statement, anything that has been done in the past is noteworthy as well. It’s helpful to know what’s been done in the house in the past so you have an idea of what to keep an eye out for.

Where Are The Important Utility Boxes In The Home?

Not all home inspectors are created equal. Your inspector may not be great at educating you as to where things are in the home like the circuit box, the water switches, the pump, or the controls for the furnace. The seller can often show you the location of these items in the house. This will prevent you from a lot of confusion starting at the time you move into the home. 

Have You Enjoyed Living In This Neighborhood?

You can discover a lot about a neighborhood if you just start a conversation about the seller’s own experiences. You can learn a lot through this simple question. Are there any crazy dogs in the neighborhood? Where are the best places to eat in the area? While you may not ask these questions directly, you can gain some powerful information just by being curious and conversational.

Gaining a good rapport with your seller can get you places. You’ll know a bit more about the home and the seller will even feel more friendly towards you. The seller could even leave some cool stuff behind that they don’t need like a microwave, a piece of furniture, or a patio set. All you need to do is be friendly and curious and you’ll be off to a great start in your new home.

Tips for a First-Time Condo Seller

Ready to sell your condo? As a first-time condo seller, it sometimes can be tough to streamline the process of finding interested property buyers and getting the best price for your residence.

Fortunately, we’re here to help you simplify the process of selling your condo.

Here are three tips that every first-time condo seller needs to know.

1. Check Out the Prices of Comparable Condos

When you price your condo, it is important to set realistic expectations from the get-go. And if you ask too much for your property, it may linger on the real estate market for an extended period of time.

On the other hand, an informed condo seller will have real estate market data that he or she can use to gain an advantage over the competition.

How does your condo stack up against similar properties? Perform an in-depth assessment of the competition, and you’ll be able to price your condo accordingly.

Check out the prices of recently sold and currently available condos. By doing so, you can better understand how to price your condo competitively.

Also, spend some time performing assorted condo interior and exterior repairs before you add your property to the real estate market. This will allow you to boost your condo’s appearance both inside and out and make your property an appealing choice to condo buyers.

2. Conduct a Property Appraisal

Hire a property appraiser to inspect your condo. That way, you can receive expert insights into your condo’s strengths and weaknesses.

During a condo evaluation, a property appraiser will review all aspects of a property. He or she then will provide you with an in-depth report that you can use to understand potential problem areas with your condo.

A property appraisal is a valuable learning opportunity, and you should try to make the most of it.

Choose a property appraiser with condo experience. This professional will be able to take a close look at your condo and help you prioritize potential repairs.

In addition, review a property appraiser’s findings closely. This information will help you determine the best ways to enhance your condo and ensure it can stand out from the competition.

3. Work with a Real Estate Agent

When it comes to selling your condo, it is always a good idea to work with a real estate agent.

Hiring a real estate agent with condo experience is a must, particularly for a first-time condo seller. This real estate professional will teach you about the ins and outs of the housing market and help you promote your condo to the right groups of property buyers.

A real estate agent will set up condo showings and open houses and negotiate with condo buyers on your behalf. Plus, he or she will offer honest, unbiased condo selling recommendations to help you get the best price for your property.

Don’t leave anything to chance as you get ready to sell your condo. Take advantage of the aforementioned tips, and you can accelerate the process of selling your condo.

Use Your Past Homebuying Experience to Your Advantage

Are you an experienced homebuyer? If so, you may be better equipped than others to enjoy a quick, worry-free homebuying experience.

Ultimately, a veteran homebuyer can learn a lot from his or her past experiences, including:

1. How to Avoid Paying Too Much for a House

The housing market offers many opportunities for veteran and first-time homebuyers alike. However, a first-time homebuyer may struggle to pounce at an opportunity to acquire a top-notch house at a budget-friendly price. On the other hand, an experienced homebuyer likely knows what it takes to acquire a house at a price that matches or surpasses his or her expectations.

As an experienced homebuyer, it generally helps to think about how you narrowed your price range when you most recently searched for a home. This experience may guide you as you look to establish a price range for an upcoming house search.

Furthermore, a veteran homebuyer may know exactly what types of housing market data to examine before entering the real estate market. By evaluating the prices of recently sold houses and available residences in cities and towns where you’d like to live, you can use assorted real estate market data to accelerate your home search.

2. How to Get Home Financing

If you struggled to get a mortgage for your first home, there is no need to deal with home financing problems once again. Instead, a veteran homebuyer can allocate the necessary time and resources to get pre-approved for a mortgage and enter the housing market with a budget in hand.

To receive pre-approval for a mortgage, it usually is a good idea to meet with various banks and credit unions. These financial institutions can educate you about myriad mortgage options and help you select the ideal mortgage based on your homebuying needs.

3. How to Differentiate a Buyer’s Market from a Seller’s Market

Regardless of whether you previously bought a house in a buyer’s or seller’s market, you can use your past homebuying experience to help you assess the current state of the housing sector. Then, you can map out your homebuying journey accordingly.

If you notice houses are selling quickly at prices above their initial asking figures, you may be preparing to enter a seller’s market. In this scenario, you may need to act quickly to acquire a great house.

Comparatively, if you find that homes are lingering on the housing market for many weeks or months, a buyer’s market may be in place. In a buyer’s market, you may be able to purchase a stellar house at a discounted price due to the sheer volume of houses that are available.

Before you launch a home search, it is important to note that even a veteran homebuyer may need help at times. If you hire a real estate agent, you can receive expert support throughout the homebuying journey. In fact, this housing market professional will make it easy for you to discover a superb house in no time at all.

Reduce the Time It Takes to Sell Your Home

Enjoying a quick, easy home selling journey is ideal. Yet many problems may arise that could make it tough for a property seller to streamline the home selling journey. Lucky for you, we’re here to teach you what it takes to reduce the time it takes to sell your house.

Now, let’s take a look at three tips to help you accelerate the house selling journey.

1. Upgrade Your House’s Curb Appeal

Curb appeal is a difference-maker in any housing market, at any time. If you allocate time and resources to upgrade your residence’s curb appeal today, you could transform your house into a hot property in your city or town.

Mowing the front lawn, trimming the hedges and performing other home exterior improvements may help you boost your house’s curb appeal. You can always perform these home exterior upgrades on your own. Or, if you need extra help with home exterior projects, you can hire a professional contractor.

2. Remove Clutter

Clutter may make it tough for you to show off the full size and astounding beauty of your residence to prospective buyers. Thus, if you eliminate clutter from your home today, you could make it simple for buyers to fall in love with your residence right away.

To remove clutter, you may want to host a yard sale or list your excess items online. Both yard sales and online marketplaces will enable you to quickly and effortlessly get rid of unwanted items and earn extra cash.

Furthermore, if there are antiques, paintings, decorations and assorted personal belongings you want to keep, you can rent a storage unit. With a storage unit at your disposal, you can keep various personal belongings safe until your residence sells.

3. Hire a Real Estate Agent

Speeding up the home selling process is no small task. Fortunately, if you hire a real estate agent, you can gain expert home selling insights. And as a result, you may be better equipped than ever before to accelerate the property selling journey.

A real estate agent can provide you with home selling recommendations and suggestions you may not be able to receive elsewhere. First, he or she will learn about you and your home and teach you about the local housing market. A real estate agent next will craft a personalized house selling strategy for you. This housing market professional then will put your home selling strategy into effect and do whatever it takes to help you streamline the house selling process.

In addition, a real estate agent will reply to any home selling questions you have. If you are unsure about how to price your residence, whether to accept an offer to purchase or have any other home selling concerns, a real estate agent can provide plenty of guidance.

Ready to enjoy a fast, profitable home selling experience? Take advantage of the aforementioned tips, and you should have no trouble navigating the house selling journey.

Was Your Offer Rejected? Here’s What to Do Next

Buying is home is a lengthy and, at times, stressful process. So, it can be discouraging when your offer is rejected.

If you’ve recently had a purchase offer rejected by the homeowner, don’t worry–you have options.

In this post, we’re going to cover some of those options so you can start focusing on your next move and potentially even make a second offer that gets accepted.

1.  Reassess your offer, not the seller

You could spend days guessing the reasons the seller might not have accepted your offer if they didn’t give you a straightforward answer.

However, your time is better spent addressing your own offer. Double check the following things:

  • Is your offer significantly lower than the asking price?

  • If so, is it lower than comparable sale prices for homes in the neighborhood?

  • Does your offer contain more than the usual contingencies?

Once you’ve reassessed, you can determine if a second offer is appropriate for your situation, or if you’re ready to move onto other prospects with the knowledge you’ve gained from this experience in hand.

2. Formulate your second offer

So, you’ve decided to make another attempt at the house. Now is the time to discuss details with your spouse and real estate agent.

Out of respect for the seller’s time and their timeline for selling the home, you should treat your second offer as your last.

So, make sure you’re putting your best offer forward. This can mean removing those contingencies mentioned earlier or increasing the amount. However, be realistic about your budget and don’t waive contingencies that are necessary (commonly appraisals, inspection, and financing contingencies).

3. Consider including a personal offer letter

In today’s competitive market, many sellers are fielding multiple offers on their home. To set yourself apart from the competitors and to help the seller get to know your goals and reasoning better, a personal letter is often a great tool.

Don’t be afraid to give details in your offer letter. Explain what excites you about the house, why it is ideal for your family, and what your plans are for living there.

What shouldn’t you include in your offer letter? Avoid statements that try to evoke pity or guilt from the seller. This seldom works and will put-off most buyers to your offer.

4. Moving on is good time management

If you aren’t comfortable increasing your offer or if you receive a second rejection, it’s typically a good idea to move onto other prospects. It may seem like wasted time–however, just like a job interview that didn’t go as planned, it’s an excellent learning experience.

You’ll walk away knowing more about the negotiation process, dealing with sellers and agents, and you might even find a home that’s better than the first one in the process!

4 Reasons Why Hiring a Real Estate Agent Is a Must for Homebuyers

Getting ready to buy a new home? You’ll want to hire a real estate agent to guide you along the homebuying journey, as this professional will possess the skills and know-how needed to ensure you can find your dream home quickly.

There are many great reasons for homebuyers to work with a real estate agent, including:

1. You Can Check Out a Wide Range of Homes That Fit Your Needs.

Whether you’re looking for a three-bedroom, two-bathroom home in the city or a small residence on the outskirts of town, a real estate agent can arrange home showings to ensure you can check out a variety of houses that fit your needs.

Remember, a real estate agent works for you and will do everything he or she can to help you find your ideal residence. This professional will conduct research into homes that meet your criteria and even work with a home seller’s real estate agent to make sure you can view a house at your convenience.

2. You Can Receive Expert Support During the Negotiation Stage.

No homebuyer wants to enter the negotiation stage alone. Fortunately, a real estate agent will help you manage negotiations.

Negotiations with a home seller can become contentious if you’re not careful, but your real estate agent will go above and beyond the call of duty to help you get your dream house at the right price, regardless of the circumstances.

3. You Can Get Extra Help with a Home Inspection.

Completing a home inspection is paramount before you finalize a purchase agreement with a home seller. And with a trusted real estate agent at your side, you should have no trouble finding a reliable home inspector who will be able to identify potential issues with a house before you buy it.

Your real estate agent also can help you minimize stress if a home inspector encounters problems with a house.

For example, your real estate agent will speak with a home seller to ensure any home repairs are completed before you finalize your purchase agreement. Thus, you’ll be able to buy a home that you can enjoy for years to come thanks in part to the support provided by your real estate agent.

4. You Can Enjoy a Simple Closing Process.

The closing process often represents the final step before you can move into your new home. Therefore, it is crucial to understand the paperwork that is included as part of this process and ensure you are comfortable with each form you sign.

Your real estate agent, meanwhile, will be with you during the closing process and can explain the importance of each form. Furthermore, your real estate agent will be happy to respond to any concerns or queries and help you feel comfortable throughout the closing process.

Ultimately, your real estate agent may play a key role in your ability to find the perfect house. As a result, be sure to spend some time interviewing prospective real estate agents in your area to find a real estate professional that you can collaborate with during each stage of the homebuying journey.

How to Troubleshoot Your Home WiFi Connection

Wireless technologies are constantly improving. Yet, many of us still experience slow internet speeds at home. A poor connection and slow speeds can be caused by any number of issues. So, in this article, we’re going to talk about some common problems that cause a slow internet speed and poor connection and discuss ways to get your internet speeds up to par.

Get what you pay for

The first thing you need to find out is what internet speed you pay for and whether your Wifi connection enables you to take full advantage of those speeds. Take a free, online internet speed test over at speedtest.net. This will tell you your download and upload speed. You can revisit this website throughout this process to see what effects your speeds.

Troubleshooting

A good process for finding the problem with your internet speed is to start with the most common issues. First, eliminate speed as the factor. Restart your router and bring your laptop or tablet into the room where your router is located. Retake the speedtest to see if you get better results.

Note: speed tests may vary greatly at different times throughout the day. This is because internet providers experience different loads depending on when users are home, at work, asleep, etc.

If you found that the problem is the distance to your router you have a few options. First, you could simply move your router to an area that makes more sense for your usage. A router that is hidden in a basement or tucked away in a closet might not perform as well as one that is located in your home office or living room.

Another option would be to install multiple access points. This option is ideal for bigger houses because it allows you to disperse the access points equally. That means no poor connections in the basements or in the top floor bedrooms.

Common issues

If location isn’t the issue we’re going to have to rule out other problems. First, you’ll want to make sure your router is a recent model that is able to handle the internet speeds you are paying for. If the router is relatively new, try checking for firmware updates that may be affecting your connectivity.

If all of the above are taken care of, it could be a good idea to change your WiFi password or add one if you don’t currently have one set. This is especially important if you live in a city or have a lot of neighbors close by who might be using your WiFi, be it intentional or not.

A final solution would be to change the frequency and channel of your router. If your neighbors’ routers or an electronic appliance is using the same frequency or channel as your router they could be interfering with one another.