Timelines are approximate. Actual dates will be finalized during/after the offer process. Step 1 The Offer Have earnest money check and due diligence fee check and pre-approval letter ready. This is when the timeline will be established. Step 2 Loan Application You do not need to use the lender on your pre-approval letter. You can shop rates, but choose quickly, and proceed with the application. Step 3 Homeowner’s Insurance Call your current insurance company or ask your agent for a recommendation. Compare rates and coverage with other insurance companies. The insurance company will order a “Clue Report” to find past claims on the property. Step 4 Inspections We strongly recommend home, termite, radon and, where applicable, well and septic inspections. Some loans require some of these inspections. These must be ordered quickly to be completed during the due diligence period with enough time to ask for repairs, if applicable. Step 5 Repairs Your inspector(s) will issue inspection reports. Use these to choose which repairs to request of the seller. Be prepared for issues with plumbing, electrical, HVAC, foundation and insulation. Step 6 Land Survey Surveys are highly recommended. They are ordered by the closing attorney at your request. Step 7 Title Search Your closing attorney will order a title search. This will show any liens or other clouds on the property. Step 8 Appraisal The appraisal is ordered by the lender. Homes in this market generally appraise for very close to the contract price. Step 9 Walkthrough This step is typically done, if desired, a day or so before closing. This is an opportunity for you to do a final visual inspection of the property. Step 10 Settlement Settlements are handled by the closing attorney. You’ll need to deliver the funds for closing by certified check. You will also need your photo ID. At the settlement you will sign your documents and, most of the time, receive your keys. FINAL STEP Closing The closing is complete when the attorney records the deed that puts the property legally in your name. Some sellers, particularly on foreclosed properties, will not allow keys to transfer to you until closing occurs. Get started today finding your new home.
Author:Brian Hargrove Phone: 919-830-5233 Dated: February 7th 2018 Views: 256 About Brian: ...
Grow Local Realty is a full service Raleigh NC Real Estate Company servicing Raleigh, Durham, Cary, Apex, Holly Springs, Clayton, Fuquay Varina, Garner, Wake Forest, Chapel Hill and all other Triangle areas including all of Wake County, Johnston County, Durham County, Orange County, Chatham County and Harnett County. We are dedicated to extraordinary customer service and are here to represent you with your next home purchase or the sale of your current home. Allow one our fantastic agents to assist you with your Raleigh NC Real Estate search.
"We were completely satisfied with Kim. Kim went above and beyond traditional real estate agent responsibilities. Besides all the normal and big things that she did to help us sell our home she also did so many small things to help that made our home more marketable. She was very knowledgable in every aspect of the process not only giving valuable information, but most importantly sharing her insight into making the most of every part of the sale of our home. She was incredibly patient with me and treated our house as special as I thought it was. At all times Kim was encouraging that the house would sell, and encouraging with all the extra things that we did to the home, since it was an older home, to market and finish the sale. I would highly recommend her to anyone who is interested in selling their home. I am sure that she is just as accomplished, sensitive, attentive, knowledgable and persistent in helping someone find a home and I am happy to recommend her for that as well. On a personal note, I will miss having to work with her as I enjoyed working with her immensely and greatly value her opinions. I always felt that she was working "just for me" even though I knew that she had other people she was working with. Kim made me feel that anything I had to say was important and responded to messages quickly, cheerfulliy and competently, never keeping me waiting to hear back regarding our home. Anyone would do well to have her as their Real Estate Agent. "