When you find the house that seems perfect to you, you may be eager to write an offer to buy it. Writing an offer is a necessary step when buying a house, and here are some tips to help you know what you should do right after you make an offer on a house.
Try to Wait Patiently
The first thing you should do is try to wait patiently for the seller to review the offer and answer you about it. Typically, agents will give sellers just a few days to make their decisions, but these few days can seem like an eternity to an eager buyer.
Determine If You Should Counter the Counteroffer
If the seller counters your offer, the next thing you will need to do is decide if you should counter it back. If you think there is a good chance you could counter back and get a better deal, you may want to go through with it. If the seller's counteroffer seems very fair, you may want to just accept it and move on to the next steps in the process of buying a home.
Contact Your Mortgage Lender
Once you and the seller agree on everything, you will need to call your mortgage lender to inform them of the house you are buying. The lender will want a copy of the purchase offer you made, and the lender will then begin working on your loan and all the details involved with buying a house.
This will take some time, and the lender may ask you to do things during this time. If the lender asks for anything, make sure you comply quickly so you can keep the process rolling.
Avoid Doing Anything that Would Change Your Credit Score
The other main thing you will need to do after the seller accepts your offer is to avoid making any moves that could jeopardize your ability to qualify for a loan. This means that you should not buy anything large or get any new lines of credit. You should also avoid missing payments to your creditors, as missed payments can harm a person's credit score.
These are the top four things you will need to do right after you make an offer on a house. If you would like to learn more about the steps you should take after your offer is accepted, ask a real estate agent like one found through Chris Calhoon Real Estate.