Home Buyers After The Contract Is Signed The Next Steps

You've signed the contract and are looking forward to moving into your new home, but there are a few steps that cannot be overlooked. By following these easy steps, you will ensure yourself a smooth move into your new home. First, get the home inspected. Arrange a time to return to the property for the inspection, typically a few days after the contract has been signed.

Your REALTOR can recommend a professionally licensed inspector that will accompany you through the home and point out repairs or discrepancies if they exist. The seller will then be notified of these problems and will usually agree to take on the repairs. Set up an appointment with your mortgage consultant and be prepared with the following financial statements: W-2 forms or signed tax forms for the past two years, copies of your most recent bank statements (current and consecutive for at least two months), copies of your most current pay stubs or proof of income if self-employed. Be prepared to pay an appraisal fee at this time if you have not already done so. Work with your real estate agent to choose a title or settlement company for you and provide them with the necessary paperwork.

The settlement company has the responsibility of making your transaction legal. They will do the title work, examine the survey, prepare mortgage documents and all the necessary closing paperwork. After the settlement, they will prepare packages for your mortgage lenders, accounting and title insurance, life documents with the county, and release escrow. The closing process varies from state to state so check with your real estate agent to verify the closing process in your state. You will need to provide proof of homeowner's insurance at this time. You have the right to choose your own insurance company.

If you have not selected one, work with your real estate agent for a referral to a reputable company. Usually you are required to pay the first years insurance premium no later than the time of closing. Obtain certified funds for the settlement.

The title company will be able to tell you a few days in advance the exact fees that will be due. Usually you would have the certified funds made payable to yourself and you would simply sign the check over to the closing attorney. This process can vary from state to state so check with your agent and closing company to verify the procedure in your state. Conduct a final walk through of the home. Be sure to note any discrepancies from the home inspection that have already been completed. By taking the time to go through this process in a detailed and timely manner, your transition into your new home will be easy and stress-free! Now is also the time to transfer all the utilities into your name.

Real Estate Resource - Kevin Ramos is an Associate Broker with ERA Sunrise Realty in Atlanta, Georgia. Kevin is available to assist you with all of your real estate needs in Georgia. If you have a real estate need outside the state of Georgia, Kevin can refer you to a local REALTOR in your area that can provide you superior service and expertise. To contact Kevin please visit his website at:

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