Tuesday, January 23, 2018

Open House Alert Update

First, Lorrie White, our stager extraordinaire, commented on the blog about 111 Shire Way:

How exciting!  Thank you very much, Meg, for so kindly mentioning me and my staging services in this fantastic blog post.  It was such a pleasure wrapping my creative arms around this fantastic listing.  It truly has so much to offer and the neighborhood is just lovely!  I now look forward to this home receiving a new family to love and enjoy it for many years to come.  The stage has been set and it's time to get this beauty SOLD..."Go Team"!!!

Second, I can report that there is an offer - now signed - on this home.  One of the groups that came through the first open when it was only 10 degrees outside returned with their agent.  We also had a second offer and the sellers have taken the first.

Now, be advised, it is a long way from receiving and accepting an offer to closing: 
  • Attorneys review the actual wording and have three days after receipt of the purchase offer in which to do this. 
  • Then inspections take place, usually within 5 to 10 days.  The major inspection is the home inspection which even in a newer house like this can take three hours. 
  • A radon test is often ordered by the buyers even if the house has a working radon mitigation system.  Most tests take 48 hours - others can take a week from start to finish.
  • A survey needs to be done.
  • The abstract (the history of the house) needs to be updated.
  • If the seller is getting a mortgage all that financial paperwork must be in to the company and checked. 
  • An appraisal of the house is ordered. 
  • Only when everything is in place do the attorneys schedule the closing.  Phew!

So thank you, Lorrie, for helping to get this ball rolling!

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