Your Offer Has Been Accepted - Now What?

What happens when your offer on a home gets accepted?

As soon as your offer is accepted, put down your earnest money deposit into escrow to show that you are serious about closing on the property. You should also let the bank know that your offer has been accepted. That way, the bank can order an appraisal right away to make sure that the home is worth the amount you’re buying it for.

Next, you will hire a home inspector to check out the property and make sure that there are no major repairs that need to be made. If repairs do need to be made, you can negotiate these repairs with the seller.

Do not skip the home inspection.

Lastly, do a final walkthrough of the home right before closing. Use this time to make sure that the property is in the same condition it was when you made the offer. You don’t want to buy a property only to find out that something got damaged during closing.

If you have any questions, give me a call or send me an email. I would be happy to help you!

The Key to Selling a Tenant-Occupied Property

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If you are currently renting out an investment home but want to sell it before the current lease is up, we’ve got some great tips to share with you. Here are four ways you can make selling your tenant-occupied property much easier:

1. Communication is very important. If you have a tenant that has been in there for less than a year, a 24-hour notice should be sufficient.

2. Offer incentives to tenants for selling. Maybe you could offer them a free month's rent or some other concession that would make them feel more comfortable.

3. Take offers subject to inspection. Have the buyer/investor submit an offer and if it’s accepted, then the tenant can cooperate on the inspection.

4. Have the tenant stay. If the buyer is an investor, having a tenant already in place may be attractive to them.

Already having a tenant can be enticing for a buyer.

If you have any questions for us or if you’re looking to buy or sell in sunny San Diego, give us a call or send us a quick email. We would love to hear from you!