You've Found The House You Want To Buy
Now you have done it: you’ve found the house you want to buy. And it's in Tooele Utah.
The next step in buying a home in Tooele UT is to have you're agent make an offer that the seller will sign.
Every single line in the purchase agreement is important, but, some are more critical to understand before signing.
Let’s look at some of the more important ones. Keep in mind, you should have an experienced agent here, walking you thru these, but you need to be involved. After all, this is one of the most important contracts you’ll ever sign.
Earnest Money Deposit
The earnest money deposit is the amount of money you’ll be giving the seller when you submit your offer to purchase (or shortly after it is accepted) to show you are serious. Don’t confuse this with the down payment, which is an amount the lender needs from you to make the loan. (mortgage).
Anything that is not permanently attached to the home is considered personal property. Sometimes this property is included in the sale. If so, it must be listed in the purchase agreement or in a separate addendum. This is an area that causes considerable misunderstandings between buyers and sellers at the final walk thru. Be sure all personal property that you believe is included in the sale is supported by proper paperwork.
Items of personal property commonly included in home sales include:
Closing dates may vary, and in many cases they involve strategy that can help minimize the cash needed at closing or soon thereafter.
Having said that however, some times are better for closings, for various reasons:
A local experienced real estate agent worth his or her salt will walk you through the purchase agreement, line-by-line to ensure you understand what you’re signing. Never sign the contract unless you do.
I would like to be that agent. I have worked with thousands of home buyers, and would like to be in your corner.
Give me a call. Berna Sloan 435-840-5029. Don't wait till after you've found the house you want to buy.
Blog Archive2017-08-04 14:55:26
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