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Welcome Home! Congratulations! You are now a homeowner. 09 08 Once all the conditions of the contract have been satisfed, the closing is held. The closing documents are signed, payment is exchanged, and you receive the keys to your new home! Closing
Loan and Appraisal
Organize an appraisal with your bank. Your completed mortgage application with all supporting documentation should be submitted to your chosen lender upon receipt of the fully signed Purchase Agreement. The bank then issues loan approval. Consequently, you'll wire the closing funds with the homeowner’s insurance in place, and then the loan will be funded with clearance to close.
05 It is the buyer’s duty to select all desired inspections and determine the overall condition of the property within the agreed timeline and contractual contingencies. You will also review the disclosures and preliminary title report. You may approve or negotiate credits/repairs. Prior to closing, remember to schedule a fnal walk-thru of the property to verify property is still in acceptable condition and any negotiated repairs were done. Home Inspections
07
Final Walkthrough A fnal walkthrough of the property is scheduled and completed just before closing. The walkthrough confrms that no damage has been done to the home since the time of inspection and that the major systems and appliances are in working order.
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