Moving In

Closing Day
If you have come this far, then this means that it is almost time for well-deserved congratulations…but not quite yet. The words “closing” and “settlement” are used just about interchangeably. Just a few more ends to tie up:

Final Walk-Through Inspection
Usually more of a formality than anything else, the final inspection or “walk through” takes place a day before or the day of the closing. You will visit the property with your agent to verify that all is in working order, everything is the same as when you last viewed the property, that there are no extra items left behind, and that everything included in your purchase is still at the property. You may want to photograph appliances or other things “not nailed down” that convey such as washers, dryers, lawn mowers.

Home Services and Utilities
Arrange for your utilities: your internet, water, gas, electricity to start service to your new address on the specified day. We will provide a list of useful numbers for the activation of these home services. You can usually wait until after closing for things like setting up trash service and contacting the local recycling department if you need a bin.

We’ve Got Your Back
We are ready to assist you should an unforeseen glitch pop up, even at this last stage. Something at the property breaks down, or some other minor detail – no need to worry. We have encountered these problems before so we know how to handle them efficiently and in a stress-free manor.

Closing Table, Finally

You, your seller(s), and both agents will show up at the closing agent’s office (or other specified place) at the appointed time. We’ll have gone over your Closing Disclosure and the Loan Estimate (these replace the old “HUD 1” sheet as of October, 2015)–a detailed explanation of all monies owed by whom to whom that the closing agent prepares–to verify that it’s correct. You might likely be in your moving clothes if you’ve been packing a truck already–and that’s perfectly fine. Care should be arranged for children, if you have them, because it’s a long and very boring period of time, and you’ll want to be able to focus on what you’re there to do. You’ll have gotten the information about a bank check to bring along (your down payment plus any fees or prepaid taxes, homeowner’s association fee or possibly other things).

Your seller will complete their end of the transaction first. They’ll bring you keys to the house (but you’ll be changing those locks first thing!). After they’re finished signing the appropriate stack of paperwork, they’re presented with a check (or receipt for wireless deposit) and they get to leave. You now will be signing what seems like an endless pile of paperwork related to the transaction, your financing, homeowner’s association, as well as mandatory declarations that are related to the property, such as right-to-farm stipulations or lead paint, set-backs, easements or any of a myriad of things that might pertain to your new home.

Wow, this process is long, but Lisa Teach or one of her Associates is never far away. Now that you’re “an educated consumer,” contact me to begin the next best adventure in your life: Your New Home!