BUYER CHECKLIST
Buying a home can be a confusing and tedious process- closing should not be! By completing this form, you may avoid possible last minute delays.
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1. CONTRACT EXECUTED- All Parties who have any potential interest in owning the property (i.e., husband and wife) have executed the contract and the effective date is complete. |
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2. EXISTING SURVEY- If Seller has agreed to provide existing survey; both survey and the Residential Real Property Affidavit have been provided to both Buyer and Title Officer. |
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3. NEW SURVEY- If Seller or Buyer is purchasing a new survey, arrangements have been made for its completion and a copy sent to the Title Officer. |
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4. HOMEOWNER ASSOCIATION- If the property is located in a home owner association, a resale package and resale certificate have been received by Buyer's Agent and Title Officer. |
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5. SELLER DISCLOSURE- Seller's Disclosure has been provided to Buyer, if applicable. |
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5. RESIDENTIAL SERVICE CONTRACT- Residential Services Contract has been ordered, if applicable, or Title Officer has been provided a copy of the invoice. Title Officer has been made aware of any upgrades to the Residential Services Contract to be paid for by the Buyer at closing. |
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6. LEGAL NOTICE- Paragraph 21 is complete with information for Seller and Buyer for legal notice to be sent pursuant to the contract. |
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7. CONTRACT INFORMATION- Broker/ Agent information complete on the contract and provided to Title Officer. |
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8. COMMISSION/ SPLIT- Commission Disbursement Authorization has been sent from the Broker, if applicable. Buyer's Agent split commission is disclosed clearly. (i.e., if there is a certain percentage on one portion of the sales price and another percentage on the balance) |
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9. LENDER INFORMATION- A loan will be used to purchase the house. Title Officer has been provided the mortgage broker or lender's name, phone, fax and e-mail. |
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10. MARITAL STATUS- Buyer's marital status has been determined and disclosed. |
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11. TRUST/ BUSINESS ENTITY- Buyer is a trust, partnership or other legal entity and appropriate documentation sent to title. |
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12. SELLER PAID COSTS- Seller paid closing costs are clear and based off a good faith estimate provided by the Lender. Buyer is clear that any extra Seller paid funds will be refunded to the Seller. |
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13. IDENTIFICATION- Buyers have a current, valid government- issued identification card to provide at closing. |
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14. MAIL OUT/ COURTESY CLOSING- Buyer is located out of town for closing and e-mail or overnight mail information has been provided. |
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15. POWER OF ATTORNEY- Buyer is planning on using a Power of Attorney. The original has been located and provided to the Title Officer or Title has been notified to prepare a new power of attorney. |
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16. CLOSING FUNDS- Buyer will provide any funds required at close in the form of a wire or cashier's check (if the funds total more than $1,499.99). |
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17. KEYS- Buyer understands that keys, other access materials and possession of the house cannot take place until the lender has provided the loan funds and authorization to disburse. |
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