Contract Date Contract to Purchase signed by all parties
Within 5-7 days: Apply for Financing (Lender will arrange Appraisal); Schedule Home Inspection (Schedule water and septic if private systems); Select Closing Attorney and schedule Closing Date
Within 2-3 weeks: Provide Loan Commitment Letter to Sellers; Attend Home Inspection Review and Discuss Inspection Results with Broker; Broker prepares Repair Request Letter as necessary. Seller should respond within 5-7 days
Immediately
thereafter: Buyers and Sellers negotiate repairs (through Brokers)
3-4 weeks before Set up Homeowners’ Insurance for new property
closing
Approx. 21 days before closing: Pest Inspection (Buyer attendance optional)
closing
1 week before Buyer sets up Utilities, transfer on Closing Day
closing
2-5 days before closing: Walk through Inspection by Buyers & Broker
closing
1-2 days before
closing: Review draft of HUD-1 or Settlement Statement for accuracy.
Closing Day CLOSING at Attorney’s Office, Buyer(s) usually present to review and sign documents.
Provide Bank Check for amount due!
