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Arnold Midthun, Realtor®
Making an Offer
Once you have found the home that you wish to purchase, your Real Estate Realtor®
will apply his or her professional training to help you structure an effective offer.
This is where the Real Estate Realtor’s negotiation skills come into play. When an
offer is made, the seller will have the option of accepting, rejecting or counter-offering.
Your Real Estate Realtor® will negotiate the best possible terms for you.
Your Real Estate Realtor® will draft the purchase agreement, advising you of
protective contingencies, customary practices, and local regulations. Home warranty,
title and escrow arrangements will be detailed in the offer. Although your Real Estate
Realtor® will give you advice and information, it is your decision as to the exact price
and terms that you wish to offer.
Escrow
When the purchase agreement is accepted and signed by all parties, your Real Estate
Realtor® will open escrow for you and your earnest money will be deposited. The
escrow is a neutral third party that will receive, hold, and distribute all funds
associated with your transaction.
Financing
Once you have an accepted offer to buy with a loan contingency the loan needs to be
processed.
Application - All pertinent documentation is obtained. Fees and down payments are
discussed, and the borrower will receive a Good Faith Estimate (GFE) and a Truth-in-
lending statement (TIL), itemizing the rates and associated costs for the loan. You will
be asked to provide certain documents to your lender in order that your loan can be
processed in a timely manner.
Loan Submission - Once all the necessary documentation is in, your completed file is
submitted to a lender for approval.
Loan Approval (Underwriting) - Loan approval, or underwriting, generally takes 24 to
72 hours. All parties are notified of the approval and any loan conditions that must be
received before the loan can close.
Closing - Once all parties have signed the loan documents, they are returned to the
lender. If all the forms have been properly executed, the lender sends the loan funds
by wire transfer. At this point, the borrower finishes the loan process and actually
buys the house.
Once you have found the home that you wish to purchase, your Real Estate Realtor®
will apply his or her professional training to help you structure an effective offer.
This is where the Real Estate Realtor’s negotiation skills come into play. When an
offer is made, the seller will have the option of accepting, rejecting or counter-offering.
Your Real Estate Realtor® will negotiate the best possible terms for you.
Your Real Estate Realtor® will draft the purchase agreement, advising you of
protective contingencies, customary practices, and local regulations. Home warranty,
title and escrow arrangements will be detailed in the offer. Although your Real Estate
Realtor® will give you advice and information, it is your decision as to the exact price
and terms that you wish to offer.
Escrow
When the purchase agreement is accepted and signed by all parties, your Real Estate
Realtor® will open escrow for you and your earnest money will be deposited. The
escrow is a neutral third party that will receive, hold, and distribute all funds
associated with your transaction.
Financing
Once you have an accepted offer to buy with a loan contingency the loan needs to be
processed.
Application - All pertinent documentation is obtained. Fees and down payments are
discussed, and the borrower will receive a Good Faith Estimate (GFE) and a Truth-in-
lending statement (TIL), itemizing the rates and associated costs for the loan. You will
be asked to provide certain documents to your lender in order that your loan can be
processed in a timely manner.
Loan Submission - Once all the necessary documentation is in, your completed file is
submitted to a lender for approval.
Loan Approval (Underwriting) - Loan approval, or underwriting, generally takes 24 to
72 hours. All parties are notified of the approval and any loan conditions that must be
received before the loan can close.
Closing - Once all parties have signed the loan documents, they are returned to the
lender. If all the forms have been properly executed, the lender sends the loan funds
by wire transfer. At this point, the borrower finishes the loan process and actually
buys the house.
| Arnold Midthun Realtor® |
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Arnold Midthun,
Realtor®
225 West Coolidge Ave
Coolidge, AZ 85222
Mobile 520-483-9725
Business 520-723-7007
Fax 520-723-0777
Realtor®
225 West Coolidge Ave
Coolidge, AZ 85222
Mobile 520-483-9725
Business 520-723-7007
Fax 520-723-0777
| Serving Casa Grande AZ Coolidge AZ Arizona City AZ Eloy AZ Maricopa AZ Florence AZ |
ABBA Real Estate