You’ve searched high and low, and finally found a great house in your price range.  Congratulations!  We’ve talked previously about how to prepare yourself for negotiations (so you don’t get bullied).  But what happens once you agree on a sale price?

Unfortunately, the journey isn’t over.  Here’s a quick breakdown of the steps you’ll walk through from offer to closing in Grand Rapids.

1.  Escrow

When both parties are represented by a realtor and the house is bought from the MLS, an escrow deposit is expected.  This is a good-faith deposit from the buyer, often 1% of the purchase price.  This money is deposited with a neutral third party, such as a title company, realtor, or attorney. Continue reading “8 Key Steps to Closing on a House in Grand Rapids” →