Santa Clarita Real Estate Tip #4
Did you get your offer on a Santa Clarita bank owned home accepted? Was it in writing? No? Then hold up!
I could really write a very lengthy piece on this, but, not today. Essentially, when you write an offer on any Santa Clarita bank owned home, and that offer is accepted, you will generally first receive a verbal acceptance from the bank/listing agent. Then the bank will put the gears in motion to generate a bank addendum for you to sign. This bank addendum will solidify the deal once you sign it (first), and then finally once the bank signs off on it after you.
People (meaning the buyers) start running into problems once they get the verbal acceptance. Their love for the home goes from a 7 to a 10 on a scale of 10. My advice is to hold tight and wait for the bank addendum to be issued and signed off on by the bank until you get really excited. While most of the time when you get the verbal acceptance, you will in fact, get the home. But what's not in writing is NOT in writing.
There could be a communication issue between the bank and the listing agent, that might "kill" the verbal acceptance, or a myriad of other circumstances that negatively affect the outcome for you as the hopeful buyer. Your real estate transaction should be a positive experience. Work with a Realtor that will guide you down that positive path.
Contact The Robert and Brian Team of Realty Executives Valencia to assist with your next Santa Clarita real estate transaction.
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