Buyer Information
CLOSING
Lets review what we will do to help your closing process go as smooth as possible…
Every home purchase will have an average of 75 people involved in the process. We have received advanced training and have a lot of experience in monitoring the progress of your transaction.
We can identify potential problems and make necessary arrangements to avoid delays that would effect your scheduled closing date.
We will keep you advised throughout the process and answer any questions you may have, even after the sale is completed.
Steps I Monitor/Perform for the Closing Process
- Place deposit in trust account.
- Verify status change in MLS.
- Verify loan application completed.
- Order Title Insurance for property.
- Verify inspections performed in timely manner
- Verify appraisal ordered – supply appraiser comparable data used in pricing home.
- Order/review/present credit report and employment verification if seller financing purchase
- Verify all contract/addenda/disclosure paperwork in order and signed by all parties.
- Review preliminary title work for any exceptions.
- Verify covenants/off-record paperwork delivered to buyer.
- Verify loan commitment.
- Verify accuracy of closing settlement statements and review with buyer.
- Verify buyer has obtained satisfactory hazard insurance.
- Verify agreed upon repairs are completed and required verification is delivered to buyer.
- Verify home warranty ordered if required.
- Verify closing scheduled and notify all parties.
- Schedule buyer walkthrough of property.
- Attend closing and represent buyer.
- Verify lockbox and sign removed from property.
What Does the Buyer Do to Get Ready for Closing?
- Apply for loan
- Review Title Commitment
- Review Covenants
- Review any other documentation
- Attend Home Inspection / Review report
- Review/Sign Inspection Notice
- Review Closing/Settlement Statements
- Obtain Hazard Insurance
- Bring Photo ID
- Bring “Good Funds” to closing if necessary
- Leave everything else to me.