Experiencing A Rush Of Adrenaline And Stress
Experiencing A Rush Of Adrenaline And StressAuthor: vkuzminBuying a home is a very exciting time. A mixture of stress and adrenaline the excitement that homebuyers feel at knowing that their offer has been accepted and they will soon be moving into a new home is one that is unparalleled. After the months of searching and the numerous offers being made on houses that have been through the short sale process, finally an offer has been accepted and the time is rapidly closing in on the moving process. After the offer is accepted there is a lot of work to be done packing up and preparing for moving day. In order to complete the sale and close on the house the new owners will need to sit down with a mortgage specialist and determine the exact and binding monthly payments for the house and at what interest rate the new owners can lock in a fixed thirty year mortgage.
During the time it takes to transfer the title of the house from the seller to the new owner a home inspection and appraisal need to be conducted to determine the livable condition of the house and its actual value in the real estate market. Both the inspection report and the appraisal are reported to the real estate agent and mortgage lender.
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