Once your offer is accepted, it's time to address the contingencies that safeguard your purchase.

Here's how this step ensures a smooth and secure transaction:

✅Homeowners Association (HOA): If the property is part of an HOA, you'll have the opportunity to review the association's documents. These include rules, regulations, and financials, ensuring you're comfortable with the community's management and guidelines.

✅Title Commitment: You'll receive a Title Insurance Policy, which protects you against ownership disputes. Review this policy carefully to identify any exceptions or issues that may affect your ownership rights.

✅Inspection: If an inspection report isn't provided by the seller, schedule a professional inspection to assess the property's condition. This allows you to identify any necessary repairs or negotiate with the seller for credits or repairs before finalizing the purchase. There is no inspection if you waived the inspection for a multiple bid.

✅Appraisal: An appraisal ensures the property's value aligns with the purchase price. The appraiser will provide an independent evaluation, which helps protect your investment and lender. Ensure all market data is available to support the appraisal process.

Moving Forward:

Handling contingencies is crucial to securing your investment and avoiding potential pitfalls. By addressing each step thoroughly, you'll be well-prepared to finalize your purchase and move confidently towards closing on your new home.