Popping the cork too early, Just because you have an accepted offer doesn’t mean the deal is done.

Easy Trigger, we still have miles to go before we sleep on this one. We are still missing important links to a popped bottle of bubbly. Here is why I’m throwing a little rain on your parade.

You went for an aggressive loan package based on your credit. Just because you can afford the payments doesn’t automatically get you a loan. There will be a heightened look at your credit worthiness that mirrors a Top Secret clearance ( sorry ..that’s how things are done in this new era of home buying)

Secondly there is this thing that requires you not to put “poo-on-your-shoe” during the underwriting process. Defined simply, don’t go crazy with any new credit purchases. Keep your credit stagnant until after you close on your house. NO new cars, tv’s, furniture, or any big ticket items on credit during this period. Underwriters will slam your loan if this happens and you may end up feeling solo at your new home parade of excitement. This is the “poo- on- the- shoe moment” that keeps you from your property.

Wait for the inspection reports on the property to come back from the Home inspector. You don’t know if the property has some major defect that could cost thousands of dollars to fix, making it not the arrangement you thought you were getting into.

And lastly remember to curb your words. Emotion can lead to unplanned statements that cause a mole hill to turn into a mountain.

Caution all my sellers and buyers to remember that until this property is officially closed, and the monies have exchanged hands, all that exists is an agreement to do something. This is nothing more than a holding pattern until all issues are washed out.

I know, I know, these are exciting times. Just chill out with the bubbly and wait for a signal from your Realtor® for high-fives and celebrations.