This morning Cheryl and I went down to City Hall to put the house under contract. Putting it under contract effectively takes the house off the market and begins all of the legal paperwork for the transaction.
We had to initial and sign a bunch of legalize and write a check for $1,000 to act as our deposit on the property. Now the paperwork will go to the Greater Rochester Housing Partnership for them to sign off on, as well as to our attorney for his review. After the GRHP signs off on it, we’ll have to work with our bank to finalize the mortgage application and secure the funding.
Our closing is scheduled “on or around” August 8th. Of course, with Cheryl due about a week before that this whole thing should be really interesting come closing time!