How does the offer process work in Massachusetts?
Hello Bayrec, often the offer process differs from state to state and sometimes from county to county. I’ve created the following to help explain the process to my clients here in Massachusetts, keeping in mind that every transaction is different and may need specialized care. A “bird’s eye view of the home buying process”. It will help you understand what’s happening behind the scenes and why certain dates were selected for various items: Note: all dates specified are total days, including business, weekends, and holidays. • Offer submitted with typical $1K escrow (check not cashed if offer not accepted) • Offer is written to usually expire on the following close of business or 24 hours (sometimes longer if we’re offering a low price, to give them time to think about it and/or show that we’re not in any “rush”) • Home inspection within 7 days (I often ask for 10 days) of offer acceptance (if home inspection is unsatisfactory, escrow monies are returned) • Typically 24 hours after the
