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The seller agreed to remove a $350 fee for me so I just signed the contract and e-mailed it to my attorney. I am purchasing the property with a mortgage. What's next?
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Great to hear and congrats! Obviously the advice a seasoned buyer's agent would give you would vary depending on your specific situation. But here's a response your agent may send you:
Next step will be for your bank to order appraisals on both units. If they don’t appraise you have the option of going back to the negotiating table and having seller’s agree to reduce the purchase price to the appraised value or you walk away (this was negotiated by your lawyer as part of your mortgage contingency). If all goes well with the appraisals, once you receive the commitment letter for both units we can proceed with putting together your condo application for submission.
I provided you a hard copy of the purchase application requirements during our last meeting as well as attached it again to this email (plus REBNY financial statement) for your review and use. Some documents may take longer for you to gather so if you can start working on obtaining these in meantime that would be great:
-Financial Statement and Itemized Schedules complete with supporting documentation.
-Copies of the last two (2) years Federal Income Tax Returns complete with W-2 forms
-Employment verification letter stating position, salary, and length of employment
-One (1) business letter of reference per applicant
-Two (2) personal letters of reference per applicant
I will also need to attach to the application the fully executed contract of sale signed and dated by all parties as well so when you receive that please forward to me. Thanks!!
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