What Happens Now?

 

 A Checklist for Buyers

Buying a home is a complicated and often confusing process. This “Contract to Close” checklist helps you keep track of all the details:

  • Contract signed and dated

  • Earnest money given

  • Make loan application and provide lender with all requested documents ASAP

  • Instruct lender to order appraisal

  • Keep lender Good Faith Estimate to compare to final closing documents

  • DO NOT MAKE MAJOR PURCHASES that could change loan ratios and jeopardize loan

  • Get a home inspection and negotiate repairs

  • Termite Inspection

  • Septic Inspection if applicable

  • Other inspections – radon, mold, structural

  • Give all contract documents to closing agent/attorney and set up closing date/time

  • Ask closing agent how you should bring funds to close – wire/ cashier’s check

  • Inform closing attorney if Power of Attorney, death certificates, other docs are required

  • Get an estimate from moving company and get on the books

  • Get utility information from seller and call utilities to arrange for transfer

  • Ask for repair receipts

  • Change address for mail, newspaper and magazine subscriptions

  • Obtain property insurance

  • Make arrangements for key transfer and garage door openers at closing

  • Confirm with closing agent and lender that everything is set for close and loan approved

  • Review Preliminary HUD (settlement statement) 24-hrs prior to close if possible

  • Close. Closing company records the deed and the home is YOURS!