I am planning to make an offer this week. I am looking for any advice that may be beneficial.
I planning to:
- get a standard Virginia purchase contact from Staples.
- follow the contract used to buy my primary residence as a guideline.
- add the following contingencies to the contract: based on acquiring a mortgage, acquring a HEL, acceptance of a home inspection, acceptance of a home owners association documents including financials, security deposit,
- thinking about visiting a real estate attorney to review.
Some questions I have are:
- how do I control the rate range for the mortgage? I don’t want to see the rate jump from 5.75 to 6.75 in a day and have no option to backout or change the offer? I know but…
- can anyone recommend or provide me with a purchase contract that will be beneficial?
- should I visit a real estate attorney to review?
- how do I phase that they have 24 hours to accept the offer before it becomes no offer?
I guess most of my questions is based on contingencies but I like to know everything else I’m missing?
Thanks…