Glazer From Contract To Closing
From Contract to closing
Coniratulations! A seller has accepted your offer. Before you can take possession of
your new home, however, several important details must fall into place. Count on your
Accredited Buyer's Representative (ABR-) to explain each step in the process and answer
your questions.
While each transaction is unique, the most important steps include:
COMPLETE A HOME INSPECTION
Assuming this contingency was in your offer, schedule
a thorough inspection of the property with a qualified
home inspector. If you like. your ABR. can help you
identify several inspectors to choose from.
The inspector should pro'lide you with a written report
detailing any flaws found in the home, including
information about the severity of his or her findings. If
severe problems are found, your contingency clause
should permit you to cancel the contract without
obligation.
Alternately. you may want to negotiate perfomnance
and payment for any significant repairs noted in the
InSpection. But also remember that no home is perfeot
and small repairs and maintenanoe issues should
not derail the transaction or require another round of
negotiations
REQUEST ATTORNEY REVIEW
If specified in your offer. ask your attorney to review
your sales contract and. if desired. schedule his or her
participation in your closing.
flNAUZE YOUR MORTTGAGE
Securing a mortgage can be more complex and
expensive than many consumers realize. Numerous
documents and details must come together in a short
period of time. Make sure you have promptly supplied
your lender with everything they ask for so your
financing is in place for closing day.
GET READY TO MOVE
Moving may be the biggest job you face in buyinga
home. Be sure to get a jump on these preparations
First, decide how much help you'll need. If you plan
to hire a moving company,compare costs and make a
reservation.
Other important details include coordinating dates to
end service with all utilities and esta blish servioe in your
new home. Make sure the post office has been notified
of your change in address. as well as your bank. credit
card companies, Insurance agent, attorney, other key
professionals. and family and friends.
ATTEND A FlNAl WAlK-THROUGH
A pre-closing walk-through is a final check to ensure
that the home is in the same condition it was during the
inspection. and to make sure all contracted items, such
as appliances, are still in the home. The timing of the
final walk-through will vary, depending on practices in
your market.
PREPARE TO PAY CLOSING COSTS
When you applied for your mortgage. you received
a good-faith estimate of closing costs. As closing
approaches. you'lI ne创to determine exactly how much
money you will be expected to bring to closing and what
forms of payment are acceptable