Buyer Check List Before scheduling an appointment to look at properties: _____Get Lender Pre-approval or Proof of Funds for Cash Purchases. A Pre-approval from your lender will show how much you will be able to spend on a home. Many buyers overestimate or underestimate their maximum spending limits, which often leads to disappointment. A lender Pre-approval, as well as, proof of funds for cash purchases, will also reassure the seller that the money will be available for the purchase. _____ Earnest money (a check sent along with an offer on a property) will be necessary in order to make a valid offer on a property. Once the contract is ratified (we have a legal agreement) and all accompanying documents are signed, it’s time to start pursuing other necessary ingredients to help ensure a smooth closing: _____ Apply for a Loan (choose a lender) _____ Choose a Closing Attorney _____ Decide whether or not to purchase a Home Inspection _____ Start your search for Homeowners Insurance _____ Decide whether or not to purchase a Home Warranty _____ Decide whether or not to purchase a Property Survey _____ Other inspections you may want to have _____ Set up the transfer of electric & water/sewer into your name IMPORTANT NOTICE: Some home buyers have made the mistake of scheduling their moving for the day of closing. It is HIGHLY RECCOMENDED that buyers wait until AFTER CLOSING to make any moving arrangements. Closing dates can change. Various delays can arise which may cause the closing to be postponed for a later date. |