Buyer Preparations

Closing Process 

 

Now that your offer has been accepted, we will address the main steps in closing the sale:
   

Complete the home inspection within five days to a week after signing the purchase offer.

Your real estate agent will negotiate inspection items (if applicable).

Your attorney will “fact-check” documents for errors and provide you with the P&S for signing.

Your real estate agent will obtain all signatures for the P&S and email you the DepositLink for the second deposit.

Get your Insurance Policy for your new home.

Call all utility providers for your new home ( electricity, gas, water, cable, internet, phone, etc.).   

A third-party independent appraiser will schedule the home appraisal (necessary if you get a mortgage).

Your attorney will provide a draft closing statement within one to 3 days of closing for your review.   

You will do a final walkthrough of the home with your agent either the day before or the day of closing.

Closing Day- Your attorney will have you sign the necessary documents to transfer ownership. 

Review your settlement statement for a complete list of fees and credits for the sale.  

Documents and Paperwork

It will be handy to have all the documents we've mentioned in one place so you can keep them organized throughout the process:

Executed Offer to Purchase

Condominium Documents (if you are moving into a condominium or property with an HOA)

Home Inspection Report

P&S Contract

Copies of deposit checks

Financial documents for your mortgage lender (if you are getting a mortgage)

Insurance documents for your new home

Utility companies providing services to your new home

Settlement statement (an itemized list of fees and credits summarizing the finances of the transaction)