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| CLOSING |
Bring Certified Funds
You will need to bring a certified check to cover the down payment (less funds already on deposit) and closing costs. Check with your attorney or review the documents to get an estimate of the total amount required. It's also a good idea to bring your checkbook as well - small last minute costs (filing fees or photocopying charges) can often be paid with a personal check.
Have Your Paperwork Available
Bring all of your documentation to the closing in case you need something at the last minute. Your closing file should include the contract, inspection reports, and copies of all correspondence relating to the purchase.
Understand the Closing Documents
Review the closing statement (HUD-1) and other documents beforehand so you understand the purpose of each.
Close Your Mortgage
You will probably execute your note and mortgage just before the closing of title. The lender should have provided a check to be released subject to the execution of the documents, the confirmation of clear title, and the satisfaction of any other conditions.
Deal With Any Problems
Closings frequently proceed without a hitch, but problems are not uncommon. Don't panic if the closing hits a snag - most issues can be resolved by simple means, such as escrowing funds to cover a contingency or unfinished repair. Even if the closing has to be postponed, don't overreact - chances are the matter can be resolved in a few days.
Execute the Documents
At this point the parties should execute the closing statements and the seller should sign over the deed. The deed must be filed with the local recording agency - your attorney or escrow agent should handle this but it's a good idea to confirm that this was done. Congratulations, you've just bought a home!
Collect the Keys and Other Items from the Seller
In addition to the keys, the seller should bring (or leave in the house) any relevant paperwork - service records, warranties, instructions, etc. If these are not provided, request that they be forwarded as soon as possible.
Congratulations! It's done - you're a homeowner.
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| MOVING IN |
It's finally moving day! Depending upon your arrangements with the seller, you will be able to move in either right after the closing or the next day.
Be Prepared for the Movers
Make sure the moving van has room to park as well as easy access to both houses. Movers expect payment upon delivery, so you'll also need to have a certified check and/or cash available to settle the bill. Many movers accept credit cards as well, so inquire in advance if this is your chosen payment method. Tipping is customary - usually about $20 per mover - though this is obviously highly variable with the length and difficulty of the move.
Work With the Movers
Be available to answer questions about packing order and fragile items. Point out any items you intend to move yourself, and keep these things separated from those to be handled by the movers. Make sure the movers have clear directions to the new house as well as a phone number to reach someone if they get lost or have any problems. Make sure someone remains at your old home until the movers are packed and ready to leave.
Do a Final Walkthrough
Make one last inspection of your old home to insure that nothing has been forgotten and left behind. It's OK to have a few minutes to yourself if you are feeling emotional at this point.
Arrange for Mail to be Forwarded
You'll actually want to make these arrangements a week or two before moving day. Go to your old post office and arrange for mail to be forwarded to your new address (if you had a P.O. box you may want to retain it for a period of time). Send out change of address cards with your new location.
Get Settled into Your New Home
Target the most important areas of your new home and unpack for these rooms first. Arrange to have someone available at the house during the first few days to coordinate installations and deliveries. Have written instructions prepared for installers to make sure you get phone lines and TV jacks in the right places. If you have any improvement projects planned you can start scheduling the work if you haven't done so already.
Change the Locks
Though many people don't bother with this precaution it is extremely advisable to do so - you probably know very little about the seller and even less about anyone to whom they may have given a key.Deal with Any ProblemsIf you discover any problems with the home after you move in, stay calm. Have the problem checked out and documented by a qualified professional, then consult with your attorney - the seller may be liable for any deficiencies that were not disclosed to the purchaser.
Finish the Paperwork
Store your purchase and closing documentation where you can easily find them at tax time (or whenever else they are required). Complete any paperwork required by local schools (if you have children who are enrolling). Don't forget to change your driver's license, automobile registration, and voter registration, if necessary. Lastly, confirm that the deed was correctly filed with the appropriate authorities.
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EDWARD RIOS
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Mobile: (954) 347-1431
Office: (954) 377-5000
Fax: (954) 377-5037
 E-MAIL ME
From my Unrivaled Knowledge About South Florida's Finest Residences and Neighborhoods, to my Stellar Service and Expert Marketing Strategies, you Need the Power of a Realtor® who Consistently Produces the Best Results for your Listing! |
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