Melissa Wiegele
Coldwell Banker Realty

Accepted Offer, What's Next? Buyer

Congratulations you just got an accepted offer on your new home. What’s next?
 
 
Earnest Money in the needs to be sent to the listing broker in the form of a check or via TrustFunds. If choosing a check, the check needs to be made out to the Listing Broker. It can be a personal check or a cashiers check. I encourage you to put the property address on your check as well. We do need a copy of the check. So if you can scan it or take a photo and send it that would be perfect. If doing via TrustFunds which is the preferred way a receipt will issue to myself instantly so no need to worry taking a picture or copy. You will receive a request via email to submit in TrustFunds. Additional information will be sent to you from our team.
 
 
The next step is getting your new home appraised and inspected.
 
In most cases the lender will require your house be appraised by a professional, whom is provided by the lender. The appraisal gives you a detailed report on the value of the home. If the home’s appraised value is less than the purchase price, you will need to either make a greater down payment or negotiate with the seller to lower the price. A lender normally won’t give you a loan for more than the appraised value. Don't worry about doing anything with the appraisal. The lender will take care of it all. Contact your lender with further questions.
 
A home inspection tells you if the home has any issues and or defects. Inspections aren’t always required, but you should absolutely get one even if you’re not getting a loan. Go over the inspection report in detail with the inspector to make sure you’re familiar with any problems, their severity, and the estimated cost to fix them. Inspections normally are 2-3 hours in length. Normally the inspector will perform the inspection and invite you to the last 30 minutes of the inspection to go over his findings. Then you will receive a detailed report the following morning. We have a time limit for this to be completed. We must have the inspection and the items you are asking for negotiated by the time allowed in the contract. You will need to schedule the inspection with the inspector. Please DO NOT WAIT to schedule your inspection. We have limited time. It is ideal not to have an inspection and attempt to negotiate last minute. 
 
WISCONSIN CLIENTS 
 
Matt Rappel from First Choice Home Inspections is a licensed inspector that is highly recommended around the Western Wisconsin. He can be reached at 715-684-9515. 
 
*WI Clients - If you asked specifically for a Radon Test in your Offer to Purchase, Matt is certified to do so. Please ask him about pricing at the time of scheduling your inspection. YOU CANNOT DO A RADON TEST IN WI WITHOUT PERMISSION
 
MINNESOTA CLIENTS
 
Lee The Inspector is a licensed Inspector and Radon tester in the state of Minnesota. I have used his services a number of times and he does a great job. He can be reached at 612-282-3426
 
*MN Clients - If you would like to have a radon test performed, Lee is certified to do so. You do NOT need to ask for a radon test in your offer in order to perform a test. Please ask him about pricing at the time of scheduling your inspection.
 
If you would like a different referral for an inspector we would be happy to give that to you.
 
You will also received an email from our team with a summary of your transaction. Please at any time you have questions. Always remember to ask!
Minnesota
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