Buyer's Checklist There is no way to guarantee a "smooth" path from an approved contract to the settlement table, but doing your part is at least half the job. Expect minor problems and delays along the way. On the seller's side, title problems are a common cause of postponed settlements. On your side, bureaucratic snags such as extensive credit checks and slow appraisals can bog things down. In many cases, there isn't much you or the seller can do but wait. While you're waiting for completion of all the processes now in motion, you should:
Insurance on your new home The final inspection Take along a simple device, such as a plug-in nightlight, to test all electrical outlets. Turn on the furnace and air conditioning, flush toilets and turn on faucets, put the washing machine and dryer through a cycle. In short, put the house through its paces. If anything needs fixing or further cleaning, tell the seller immediately. Neither you nor the seller wants to postpone the settlement, but make it clear you won't go to closing until a second walk-through is satisfactory. What happens at closing Most parties involved with the purchase of your new home will attend your closing. The closing is a formal meeting typically attended by the buyer(s) and the seller(s) (and their attorneys if they have one), both real estate sales professionals, and, of course, the closing officer. The meeting is typically held at the title company's office. What to bring to closing The seller and his attorney are responsible for preparing and bringing the deed and the most recent property-tax bill. They also will bring other documents required by the contract. This can include the property insurance policy, termite inspection, documents showing the removal of liens and a bill of sale for personal property. Make sure you have adequate funds for the down payment and other settlement costs, arrange for your attorney to represent your interests at the meeting, bring the loan commitment, inform the lender of the meeting time and place and have your driver's license ready as proof of identity. Finally, it's a good idea to bring a copy of the purchase contract to refresh your memory. Please forward to anyone who may be moving to or from, Fort Rucker in the future. Click the Link Below http://audiopostcard-003.com/Y.asp?7189970X1166
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I never thought of taking a plug-in night light. What a great idea. Also, so many times I forget to tell the client to bring their drivers license to the closing with them. Great Post!!
Jeanette Hemmer, Re/Max Plus Realty, Clarksville,Ar
Boy am I glad I'm in California!!! Actually, I really didn't think I would say that, but here, the buyer and seller NEVER get together for any reason unless by accident. All of the paperwork is done through escrow at a time that is convenient to each party. No "sitting" around a table, no passing of paperwork at the last minute, no reading the loan contract under pressure of everyone watching and wondering why you read so slow. In CA, take your time reading, ask questions of the lender, read the contract at home or at your agents office where you can discuss the pros and cons in private. No "sitting around" anything in CA! Boy, I tell you, we've got it made!
Don,
Happy 2009 hope you have a great year in California.
Glad you are happpy there, even though the market has slowed, we can get a lot more house for the money here in Enterprise, and our market is strong and has not seen near the amount of forclosures as you all have out there. I guess the grass is always greener as they say.
Good Luck in 2009
Please forward to anyone who may be moving to or from, Fort Rucker in the future.
Click the Link Below
http://audiopostcard-003.com/Y.asp?7189970X1166
Stay in touch, feel free to call with any questions, anytime 24/7.
Sincerely,
Karina Morgan
REALTOR, ABR, GRI
CENTURY 21 Regency Realty, Inc.
(334) 477-2694
www.RuckerPCS.com
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