Home Buyers: After The Contract Is Signed, The Next Steps
First, get the home inspected. Arrange a time to return to the property for the inspection, typically a few days after the contract has been signed. Your REALTOR can recommend a professionally licensed inspector that will accompany you through the home and point out repairs or discrepancies if they exist. The seller will then be notified of these problems and will usually agree to take on the repairs.
Set up an appointment with your mortgage consultant and be prepared with the following financial statements: W-2 forms or signed tax forms for the past two years, copies of your most recent bank statements (current and consecutive for at least two months), copies of your most current pay stubs or proof of income if self-employed. Be prepared to pay an appraisal fee at this time if you have not already done so.
Work with your real estate agent to choose a title or settlement company for you and provide them with the necessary paperwork. The settlement company has the responsibility of making your transaction legal. They will do the title work, examine the survey, prepare mortgage documents and all the necessary closing paperwork. After the settlement, they will prepare packages for your mortgage lenders, accounting and title insurance, life documents with the county, and release escrow. The closing process varies from state to state so check with your real estate agent to verify the closing process in your state.
You will need to provide proof of homeowner's insurance at this time. You have the right to choose your own insurance company. If you have not selected one, work with your real estate agent for a referral to a reputable company. Usually you are required to pay the first years insurance premium no later than the time of closing.
Obtain certified funds for the settlement. The title company will be able to tell you a few days in advance the exact fees that will be due. Usually you would have the certified funds made payable to yourself and you would simply sign the check over to the closing attorney. This process can vary from state to state so check with your agent and closing company to verify the procedure in your state.
Conduct a final walk through of the home. Be sure to note any discrepancies from the home inspection that have already been completed. By taking the time to go through this process in a detailed and timely manner, your transition into your new home will be easy and stress-free! Now is also the time to transfer all the utilities into your name.
Related Tags: agent, home, realtor, house, atlanta, mls, relocation, home search, house search, relocate, hud, 1031, georgia
Real Estate Resource - Kevin Ramos is an Associate Broker with ERA Sunrise Realty in Atlanta, Georgia. Kevin is available to assist you with all of your real estate needs in Georgia. If you have a real estate need outside the state of Georgia, Kevin can refer you to a local REALTOR in your area that can provide you superior service and expertise. To contact Kevin please visit his website at: http://www.KevinSellsAtlanta.com Your Article Search Directory : Find in Articles
Recent articles in this category:
- The Beginning of the Cataloging Code
The first significant cataloging code was published in 1841. The realization that cooperation and s
- In the Lap of the Gods 24
Life moved on. Lily became well liked by both students and staff because of her cheerful outlook on
- In the Lap of the Gods 23
Does fate decide the future? Is it all mapped out for us, predestined, or can we influence what com
- Write Your Memoir: How to Write About What Troubles You the Most
Everyone has a story to tell, and unfortunately those stories aren't always pleasant. What makes me
- How Crafty Word Order Can Instantly Improve Your Writing
by Philip Yaffe I am usually very reticent about offering writing tips. Unless they are linked to
- You Say Grandpa, I Say Deda
I was born with two grandmothers but only one grandfather. In nature's rules of familial supply and
- My Russian American Dichotomy
I was a Russian girl and an American teenager. I had no choice about the first but I tried very har
- In the Lap of the Gods 22
This is just an explanation for those who have read some of the other Chapters of, "In the Lap of t
- Write a Book: 8 Reasons You Should Do it
Studies have shown that 82% of people want to write a book, but few of these actually ever achieve
- Book Review: the Book of Common Prayer
Book Review: The Book of Common Prayer, "My carry-with-me copy is this size, and I recommend it for
Most viewed articles in this category:
- Real Estate Investment - Investing In Commercial Properties
As in any other type of investment, its obviously advisable to do your research well so that the pro
- Taking Care Of Acne Prone Skin With Proper Skin Care Products
Although acne has been largely associated with teeners and puberty, the condition is not only confin
- Do I Really Need Eight Hours Of Sleep Each Night?
What if you were told that there is no definitive answer for why we need to sleep? Your initial reac
- How to Improve Your FICO Credit Score
If you didn't know this already, having a good credit score is more important than having a lot of c
- 10 Tips for a Magnificent Memory
"Where did I leave my keys?" "What did I come in here for?" "Your glasses are on top of your head!"
- Things You Might Like To Know About Card Companies
If you have a regular income and are 18 or over then you may be able to get a credit card. You will
- Bad Breath in Babies and Toddlers
If your baby or toddler has had bad breath lately, not to worry. There are plenty of things you can
- Starving College Students No More
The majority of today's college students are extremely Internet savvy. In fact, many of those studen
- Cosmetic Surgery Financing: How Can You Get It?
Cosmetic surgery, a branch of plastic surgery, can be quite expensive, especially if you are plannin
- Article Marketing, Improve Your Ranking With Links
Article Marketing, without a doubt remains the best free formula for attracting website traffic. At