Buyers Checklist

ITEM NEEDED

CHECK IF COMPLETE

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.

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.

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.

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.

5. SELLER DISCLOSURE-  Seller's Disclosure has been provided to Buyer, if applicable.

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.

6.  LEGAL NOTICE- Paragraph 21 is complete with information for Seller and Buyer for legal notice to be sent pursuant to the contract.

7.  CONTRACT INFORMATION- Broker/ Agent information complete on the contract and provided to Title Officer.

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)

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.

10.  MARITAL STATUS- Buyer's marital status has been determined and disclosed.

11.  TRUST/ BUSINESS ENTITY- Buyer is a trust, partnership or other legal entity and appropriate documentation sent to title.

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.

13.  IDENTIFICATION-  Buyers have a current, valid government- issued identification card to provide at closing.

14.  MAIL OUT/ COURTESY CLOSING- Buyer is located out of town for closing and e-mail or overnight mail information has been provided.

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.

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).

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.