buyer – closing checklist...packing and moving tips we will send you a document called ‘moving...
TRANSCRIPT
Buyer–ClosingChecklist
CONGRATULATIONS!Youhavepurchasedyourhome!
Nowthatyourhomehasbeenpurchased,thereareafewmorethingsthatneedtobetaken care of, leading up to possession or closing day. The following is not an all-encompassing list, but it will get you started in the right direction, to help youexperience a smooth transition between now and when possession or closing dayarrives.
The Seller’sReal EstateCompanywill send all yourpurchase contract paperwork toyourlawyer.Yourlawyershouldcontactyou7-10daysbeforeyourpossessiondatetobookanappointmentforyoutocomeinandsignpaperworkattheirofEice.Ifyouhavenotheardfromyourlawyeraweekbeforeyourpossessiondate,pleasegivethemacalltosetuptheappointment.
IMPORTANTDocumentStorage
GatheryoupurchasecontractdocumentsandkeeptheminaEilefolder,inasafeplace.OtherinformationtokeepinthisEileisyourProofofHomeInsuranceforthehomeyouarepurchasing.Take this Eilewith youwhenyoumeetwith your lawyer to signpaperwork.
ORGANIZEYourPropertyTaxDetails
Speaktoyourlawyerabouttheoptionsforpayingpropertytaxes.
PurchaseanInsurancePolicy(2-3weekspriortovisitingLawyer)
You will need to purchase Home Insurance for your new property. Explain to yourinsurerwhatyoursituationis,givethemthepossessiondate,etc.andtheywillbeableto advise you onwhat is best. Bring the Insurance Policywith yourwhen youmeetwithyourlawyertosignpaperwork.
UTILITY/SERVICEProvidersandNEWSPAPERCancellations
Be sure to setup/transfer Utilities, Newspapers, and other services 30 days beforeclosingdayorassoonasyourpurchaseis Eirm.SomeUtilitycompaniesneeda lotofleadtimetoensureyourrequestisfulEilled.Haveyourcorrect/fullCURRENTandNEWaddressreadyforthem.Makeupalistofserviceproviders,theirphonenumbersandpaymentfrequency–noteveryutilityisalwayspaidmonthly,somearequarterly.
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Buyer – Closing Checklist (cont)
Theprocesstoswitchallservicescantakehoursonthephone,sobepreparedtobepatient. We have included a list of common service providers (at the end of thisdocument) and other possible contacts that youmaywant to call and update aboutyourupcomingmove.
PackingandMovingTips
We will send you a document called ‘Moving Tips’, which contains some greatinformation likeplanningyourmove,packingmaterials, andorganizingyourmovingday.Weknowyouhavealotgoingonduringthistime,andweencourageyoutoreadtheseMovingTipstohelpmakethemovingprocessasstressfreeandeasyaspossible.
UPDATEwithyourRealtor
Approximately1weekbeforeclosingday,haveaconversationwithyourRealtor,andorganizeadate/time fordoingapre-possessionwalk-through (if this ispartof yourcontract)anddecidehowkeyswillbeex-changedonpossessionday.
WhattoExpectonPossessionDay
Onpossessionday(closingday),wemustwaituntilthelawyersdeterminethatallthebalanceofmoneyowingandmortgageconEirmationhasbeenreceivedbytheSeller’slawyer.
Whenthishasbeensuccessfullycompleted,theSeller’sRealtorwillnotifyusthatkeysmaybereleasedtothenewowner.Thisusuallyhappensatapproximatelynoon.
AfterthisnotiEication,weareabletoreleaseyournewhomekeys,toyou,accordingtoourpre-arrangedmethodforkeyexchange.
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