I AM BUYING MY FIRST HOUSE. WHAT STEPS NEED TO BE TAKEN?
STEP 1: Both the buyer and seller sign the standard real estate contract discussed below (aka the offer). (The real estate broker has standard document). Once it is signed, then your attorney get involved. The attorney has three days to initiate what is called the “attorneys review.” In this review, both the buyer’s and seller’s attorneys inform each other what they want to incorporate or exclude in the “offer” AND the official contract is drafted and finalized.