There are a number of details that must be addressed between the signing of the final contract and the closing date. They include:
Immediately upon acceptance of the final contract:
- Order a home inspection
- Determine if you would like a radon inspection done and order it from the home inspector
- Provide your lender with a copy of the contract and discuss locking in your interest rate (Remember: You usually only have five days from the date of the contract to apply for the mortgage loan, which is why it’s important to be pre-approved before you start looking for a home.)
During the Home Inspection:
- Take any measurements for furniture, window treatments, appliances, etc. that you may need.
- Take any photos of the house, if desired.
- Ask the home inspector any questions you may have concerning the home’s condition or construction.
One to two weeks following the acceptance date of the final contract:
- Have your agent create an inspection addendum for items, noted by the home inspector, that you request the seller to remedy
- Reserve a moving truck or schedule moving service
- Review seller’s termite letter (wood infestation report)
- Schedule the closing date and time with our office.
Two weeks before closing date:
- Contact insurance company to set up homeowner’s policy to be in effect day of closing.
- Call lender and inquire if additional information is needed.
- Get a change of address package from the post office and begin notification process.
- Order a survey if desired (please let us know if you want a survey as early as possible to ensure delivery for closing. A survey is only required on new construction in most cases. Please call us to discuss further.).
One week before closing:
- Make contact with lender to ensure that closing date is on schedule
- Get directions to our office for closing. (Check out our app for directions)
- Schedule utility transfers
- Request certified funds for closing (some funds take three days to clear – for stocks, home equity loans, etc.)
Day before closing:
- Conduct a walk through to verify the condition of the house is the same as when put under contract
- Be sure to double-check the inspection items have been addressed
- Get certified funds for closing
- Review the HUD I Settlement Statement to verify that the terms of the contract are correct
Day of closing:
- Bring photo ID for all borrowers
- Bring certified funds
- Bring any additional documents requested by the lender