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 Repairs
Several weeks before closing, check to see if
the seller is making the repairs to which you
both agreed. Don't wait until the week of
closing to begin
inspecting repairs, as this may be too late for
you to cause the seller to make the changes you
require.
Building
Inspector
If you are building a house, it is a good idea
to retain the services of a professional
engineer or licensed general contractor to work
for you as a home inspector. This person should
be in a neutral position (i.e., not affiliated
with your builder) and periodically inspect the
construction and advise
you
of the quality and the progress of the work.
Lender's
Conditions
Obtain a written list of all conditions your
lender will require from you for loan approval.
Promptly comply with all of your lender’s
requirements and hand-deliver all documentation
to your loan officer. Keep copies for your files
with a record of the date and time the originals
were delivered.
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Termite Report
If
you are buying an existing house, order a
termite report of the subject property within
three to four weeks of closing. Immediately
after you receive the report, give a copy to
this office and to your lender. If you are
buying property in a rural area, your lender
will probably require a well/septic report or a
community water report.
Homeowner's
Insurance
One week before closing have your insurance
agent deliver a homeowner’s (also known as
hazard insurance) policy to this office. Ask
your lender/loan officer how much coverage your
loan will require and how the mortgagee clause
of your policy should read.
Closing
Services
You will not need to obtain title insurance as I
will procure the insurance as part of my closing
services to you. We strongly advise that you
obtain a survey of the property that you are
purchasing. Our office can easily order a survey
for you. If you decide not to obtain a survey,
we will have you sign a disclosure statement
indicating that the closing attorney advised you
to obtain a survey prior to closing.
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Attendance at Closing
If
you, or any of your co-borrowers or buyers
cannot attend the closing, please advise this
office and your lender at least one week prior
to closing. The buyers who cannot attend a
closing will be required to execute a special
power of attorney which designates someone who
can attend the closing to sign on the absent
buyer’s behalf.
Scheduling the
Closing
Please be aware that most closings are, by
popular demand, scheduled for the end of the
month. Please be advised that if your closing is
 scheduled for the end of the month, our ability
to serve you is inhibited by the high volume of
demand made by all of those wishing to close at
that time. We ask your patience and
consideration of others at this peak time. We
would be delighted if you would prefer to close
at another time in the month. Please notify us
if you would like to reschedule for another
time.
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