Buying a new home isn’t a sprint; it’s a marathon. When you find the Santa Cruz real estate of your dreams and place an offer that is accepted, don’t assume the marathon is over -- there are many more miles you must travel before closing.
Here are four steps to take after the contract is signed:
1. Be prepared for your earnest money or escrow deposit to be cashed. This money can be anywhere from $1,000 to three percent of the price of the home.
2. Go over disclosures with a fine-tooth comb. Your agent will help you identify any red flags. Then you want to familiarize yourself with the home’s history, zoning district and past building permits. Ask questions about anything you don’t understand.
3. Negotiate with your bank. It’s time to lock in…