You’ve found the single family home in Redmond Ridge you can see yourself living in, now what? There are several steps to the real estate home buying process you will go through before you can officially call it your own.
Redmond Ridge Home Purchase And Sale AgreementOnce an offer on a home has been made by a buyer and accepted by the seller, they enter into a legal contract known as a Purchase and Sale Agreement. This document outlines the specific terms and conditions of the transaction and is acknowledged by both parties by the signing of the document.
Home Inspection In Redmond Ridge, WA 98053
Once a buyer and seller reach mutual acceptance on a property, a home inspector is hired to investigate every detail to determine if the home is in need of any repairs. An inspector will check items, such as the roof, basement, heating system, water heater, air-conditioning system, structure, plumbing, and electrical. Afterwards, buyers will have a chance to negotiate with the sellers to cover the costs of some or all of the repairs or to ask for concessions.
Negotiation is the key to crafting the best deal. Negotiations can involve everything from settling on a sales price to concessions and financing. Tracy Lewis is an expert negotiator whose job it is to represent your interests during the give and take of a home real estate transaction.
Financing For Redmond Ridge Homes
You may already be pre-approved, but now that you’re closer to the actual purchase price, you’ll be working closer with your bank on your final loan approval. To learn more about this process, pay a visit to the Financing tab on home page.
You will receive a full report detailing the Redmond Ridge property history for you and your lender to ensure there are no legal encumbrances between a new owner and the property being purchased.
Once the offer is accepted and a closing date agreed upon, escrow allows the buyer and the seller to have an outside party ensure all parts of the contact are complete. Tracy will coordination the completion of all required papers to the escrow company and monitor the escrow process until the transaction is finalized.
At closing, all the paperwork is signed by the buyer and seller, both parties pay any settlement fees and the documents are officially recorded in King County, typically at a escrow company located nearby Redmond Ridge. In advance of to closing, you'll be given a settlement statement outlining any fees which may apply to you. After closing is finalized and recorded, the Redmond Ridge home is yours!