The process of Buying a home in Massachusetts - Bento Real Estate ...

The process of Buying a home in Massachusetts

?

1.Buyer makes an offer with a $1,000 deposit. This deposit along with the signed offer letter are submitted on your behalf to sellers agent by way of email - The offer is Accepted, Denied, or a Counter-offer is given.

?

2.Once the offer is accepted and signed by both parties, the next step is to have a home inspection (usually within 7 days from the accepted offer date), optional but recommended. We are happy to set this up for you as part of our service to you.

?

3.ThePurchase and Sales agreement (P&S), which is created by the seller attorney, is given to the buyer?s attorney to review - this is a longer version of the offer letter.? The condo association documents are also reviewed at this step (if required).

?

4.The Final P&S agreement is signed within two weeks of accepted offer, this agreement is reviewed with you by the buyer's attorney. The buyer signs 2copies of the P&S and provides a second deposit (typically 5% of saleprice) to be held in escrow.

?

5.The fully signed P&S is then sent to the buyer?s mortgage company and the mortgage company begins their work to ensure the mortgage commitment date is met.

?

6.Approximately 45-60 days of the accepted offer, the buyer/seller/attorneys and agents meet to sign mortgage paperwork/documents and the new ownership is recorded. The keys are given to buyer and you are now a new home owner.

This is the basic process of Buying a home in Massachusetts. If you have questions, we have answers. At the Bento Real Estate Group, we are here to help you find your new home in?Massachusetts. Please contact us at 508-990-1081

Add a Comment

You must be logged in to post a comment.

Source: http://www.bentorealestate.com/blog/the-process-of-buying-a-home-in-massachusetts/

bachmann bachmann iowa caucus results sickle cell trait michigan football michigan football sugar bowl