Prepare a file to keep all of the documentation received regarding real estate disclosures, insurance, and loan documentation. Immediately re-lock the home, you have no idea of how many original keys are there. Talk to your insurance agent and find out details of your coverage, and find out exactly when and how much property taxes…
The answer is always YES. While some loan programs don’t require inspections, it is wise and prudent to hire a professional inspection company that will give you a detailed description of what is wrong or not up-to-code with the home. Buyers are to use this information to request repairs from the seller.
Sellers can flat-out accept or reject an initial offer. However, most sellers will respond with a counter offer. The counter may be in terms of price, down payment, time to close escrow, what appliances are/are not to be included, among other considerations.
Written offers stipulate the time for seller to respond. 24 hours should be enough.