What should be my next steps?

[Quynh-Chi Nguyen]

The seller has accepted my cash offer. What should be my next step? Just inspection and find an attorney will do the rest?

Thanks

Chi

[Ivan Lai]

Hey Chi!!  Great to see you on here!  Congratulations on this deal!  What are you trying to do?  Flip this house?  Not sure about Connecticut but in most states you don't need an attorney if you're making the offer through your agent, the standard purchase agreement template should suffice as long as you and your agent filled it out properly.  Now that the cash offer is accepted, you want to get the inspection scheduled ASAP, leave yourself plenty of time before the contingency period expires.  

You have a great advantage now that the seller is in contract with you.  Utilize the inspection for two things:  (1) Make sure you identify the major risks with the house so you know how much you need to spend on the repairs and decide if the deal still makes sense, and (2) use the inspection findings to negotiate the price down, either in the form of lowered price or repair allowance, or just have them address issues before closing.  If you're flipping, you wouldn't want them to address the issues, just have them give you credit for major issues.

Give me a call if you want to chat live, I'm no expert but am happy to help.