(603) 268-8000 linda@manter-realty.com

Commitment & Inspections

Congrats, your offer is accepted! Now, make an appointment to meet with your lender, and schedule any home inspections that are specified in the contract. The deadline to make formal application with your lender is 5-7 calendar days from a fully signed contract.

The Inspection

The typical inspection timeframe after a fully executed (signed) contract is between 7-14 days. Not only are you to complete the inspection during that time, but you are also expected to respond in writing with any issues that you wish addressed by the seller. Remember that the results of water and radon tests may take a few days or longer. Lack of compliance with contractual deadlines could void the contract or cancel your right to negotiate home inspection issues.

Commitment Date

The commitment date is when the lender approves your loan by way of a commitment letter. You have little control over this date; however, promptly providing your lender with any information requested helps to ensure a timely approval.

Market Update: February 2019

What will drive the real estate market in 2019, and in what direction are we going? To gain some perspective, let’s look at long-term growth. Between 2012 and 2017, home prices in New Hampshire appreciated by at least 26%. In 2017, home price appreciation was driven...

Is homeownership now within your reach?

Whether plagued by school loans or other accumulated long-term debt, many first-time buyers feel shut out from buying a home. Credit scores that have been compromised by heavy debt loads have also been a hindrance to many. According to a recent Experian report,...

How Your FICO® Score is Determined

Payment History: 35/100 Looks at whether you pay your bills on time and if you have any collection items such as bankruptcies or foreclosures. Credit Mix: 10/100 Takes into consideration different types of credit you have such as credit cards, retail accounts,...

Know Before You Owe: The Consumer Financial Protection Bureau Introduces TRID

In an effort to empower consumers to take more control over their economic lives, the CFPB (Consumer Financial Protection Bureau) began implementing something called TRID, an acronym that stands for TILA RESPA Integrated Disclosures (TILA =Truth-In-Lending Act;...

How to Choose a Home Inspector

Inspections come at a substantial cost to you as a buyer, so it's important to vet out the industry professionals (home inspectors now have to be licensed in the State of New Hampshire, not the case just a short time ago). Here are the questions you should ask to find...