Your house is under contract - NOW WHAT?

Congratulations! Your house is officially under contract.

Here is what to expect from this point forward:

 - Inspections will be scheduled by the buyer and coordinated with us. It is important that you treat each

inspection as you would a showing or open house by staging and then giving the buyers their privacy by

not remaining in the property. A typical home inspection lasts 3-4 hours, with a radon box (if ordered)

dropped off a day or two before – or left behind. A termite inspection is under an hour.

 - Appraisal will be ordered by the bank and coordinated with us. This is a quick appointment (20 minutes)

where it is ok for you to remain in the house.

 - Survey will be ordered by the bank and does not need to be scheduled as access to the house is not

necessary. The surveyor will show up, mark your property and leave. Sometimes a seller does not even

know that it was performed.

 - The settlement company will contact you for your social security numbers to obtain payoff information

from your mortgage company. They will also prepare all of the documentation to release the deed, satisfy

any loans and transfer title.

 - HOA documents will be ordered and delivered to the purchaser for their review. Under state law, they

have 3 days to read through and accept the community regulations.

 - Utilities will need to be contacted once the inspections are complete. Please arrange to have power; water

and gas remain on until the day after closing. This allows for any mishaps with getting it switched over so

settlement can occur without delay (burst pipes, unable to perform final walkthrough, etc).

 - Final walkthrough will be performed by the purchasers just prior to settlement. This will be after you

have moved from the property and in your new home. The house should be broom clean and free of any

debris. They will test the systems of the house, check on any home inspection repairs, and ascertain that

the house is in the same condition that it was when the contract was written.

 - Settlement will occur on the date agreed upon at contract. Time will be coordinated with both buyers and

sellers. If anyone can not make it to settlement – it can be ‘split’, meaning each party will arrange a time

to sign their side of the documents which will then be coordinated with the other set of paperwork. There

are other options available as well such as pre-signing paperwork or a limited power of attorney. If you

think that the date might be a problem, we can work out options in advance. You will also need to be sure

to bring a photo ID, all copies of keys& remotes, mailbox address, paid receipts from any home

inspection repairs, wiring instructions for your bank or any necessary funds in the form of a cashier’s

check made out to the closing company.

CONGRATULATIONS!

Ask Gina & Company

Diligent! ♦ Client Focused! ♦ Innovative! ♦ Experienced! ♦ Energetic!

GINA M. TUFANO ♦ 703.574.3478 ♦ www.ask-gina.com

Keller Williams Realty Loudoun Gateway

Ashburn, Virginia