I HAVE AN ACCEPTED OFFER, WHAT SHOULD I DO NOW?

1. Deadlines for documents. You must ensure that your broker has all the relevant documents of your property and that he is able to carry out the necessary verifications; leases, certificate of location, declaration of co-ownership, financial statement, minutes, results of tests and available expertise and any other document. (Generally we ask sellers to provide us with all necessary documents 1 to 3 days after acceptance of the offer plus 7 days after receipt for the documents)

2. Inspection time. The inspector is chosen by the buyers, once the date chosen between him and the broker’s inspector to organize the meeting between the parties to ensure access to the entire office or the necessary units. (In general we allow a period of 7 days after the acceptance of 4 days to receive and read the report). An inspection report can be scary if it’s your first purchase. Since it contains more than 60 pages and several problems or irregularities are mentioned inside, that’s why it’s important for you to be present during the inspection to find out and discuss with minor points and points major.

3. Funding deadlines. This is the time you need to provide all your documents to the bank so that it can authorize your final mortgage loan unconditionally. WARNING!! There is a great distinction to be made between a mortgage authorization and a final authorization !! Preauthorization helps you during your research and purchase negotiations to be able to properly target your price range and provide sellers with the funds to buy, but this is not your final funding! (In general we allow 14 days to obtain a final financing letter and 30 to 45 days

4. The deed of sale. This is the moment when you officially become an owner !! You will sign at the notary for the change of ownership. This date may be 1 month or 3 months it all depends on the needs of the seller, if the seler wants to leave at a certain date this can help you negociate or the opposite it can cause restrictions.

5. The occupation of the premises is the date of possession may be the day of the deed of sale or after. This is the date when you can no longer bring in a new property.