Example of effective date of contract.
Call inspector to set up inspections.
Earnest money to be deposited to escrow account & held until closing (this will be taken out of your checking acct).
Provide proof of funds in an account for any money you are putting down (bank requires this).
Provide Association President name & phone number.
*Provide Realtor with receipt of dues paid.
*Choose & call title/closing attorney.
*Sellers: call fuel delivery company to shut off automatic fuel deliveries.
Apply for loan and request letter stating you made application (need for contract). *Get good faith estimate from lender.
Get inspection report to review. *Get letter from your lender stating you made application (give to Realtor).
Get copy of flood certificate (if applicable). Do not cancel flood insurance (transfer to new owners).
Fill out & sign inspection contingency amendment for any findings from inspections.
Bank to order appraisal.
*Ten day inspection period up today.
Appraisal to be done. Make sure water and heat are on prior to appraisal.
Gather your funds for closing, so they are easily accessible. *Will need a cashier’s check or to wire the money for closing.
Sellers to start packing once appraisal back.
Get property hazard insurance quotes. Discuss title insurance with your lender.
Gather phone numbers to give to buyers (ie: phone, cable, oil, trash, water/sewer, plowing, lawn care, etc.).
Seller to leave house broom-swept. Leave screens, storm windows, curtain rods, blinds, shutters, fixtures (chandeliers)
Call electric CMP 800-750-4000, water/ sewer, gas, trash, cable, phone, switch to buyers name for day of closing.
Seller: call & cancel insurance effective as of midnight day of closing (we say midnight in case closing gets delayed).
Review HUD closing statement 1-2 days prior to closing.
Seller to bring tax bill to give to buyer at closing.
Final walk-thru (ensure home is ‘broom-swept’ & all personal property listed in contract is left). *Fuel levels. *Test heat, hot/cold water, appliances.
Closing! Sign contingency releases, walk-thru sign-off.
Buyer home warranty starts today (if applicable).
Buyer bring to closing:
- Personal check for pro-rated fuel
- Certified bank check for down payment (may need to wire funds)
- Picture ID’s/License (will be photo copied)
- Seller to provide keys, garage door openers, appliance paperwork, etc.
Note: deeds will be recorded with registry deeds after closing