Once we survive the Inspection Period, the appraisal came as he wanted and all of the repairs, if any, are completed, be aware that if your buyer is financing the purchase, during the underwriting process it’s possible that your buyer’s financing could fall through. It could be caused by new debt, missed payments or an unforeseen change in employment that makes the bank feel like there’s too much risk in financing the home. It doesn’t happen often, but I have seen it. The silver lining if this happens, is that we have an inspection and repairs are done, which will be an added value to another buyer if your house goes back to the market.
Step 23: Mortgage Approval and Clear to Close
Step 24: The Final Walkthrough
Step 25: Closing Day!
Step 26: Review Me!