By Kathy Henne

Contributing columnist

Cue the confetti! You’re on your way to your new home sweet home. Here’s a quick rundown on what happens after you make an offer and your new home is “under Contract.”

Provide an Earnest Money Deposit – This is a good faith deposit to show your commitment to buying the property. This deposit is typically held in the Trust Account of your agent’s real estate company until closing.

Schedule Home Inspection – If a habitability issue is discovered, you may negotiate with the seller for repairs or credits. Schedule this ASAP! Your contract will contain how many days you have to schedule the inspection, get the results and request habitability repairs.

Your lender will order the appraisal – If the appraisal is lower than the agreed purchase price, negotiations or additional funds may be required.

Finalize the Loan – You’ll provide documents and go through underwriting with your lender.

Title Search – A title company will conduct a title search to ensure there are no liens or legal issues with the property’s ownership.

Final Walk-Through – shortly before closing, you’ll have the opportunity to do a final walk-through of the property. You can check to see if the agreed-upon repairs have been completed.

Contact the Kathy Henne Team Re/MAX by calling 937-778-3961