Saturday, April 27, 2019 / by Connie Tracy
From the very first time that you see your future home and throughout the negotiating process, you are most likely dreaming about the day you can move into it. You probably have been counting the seconds until closing day, planning all the ways you will decorate it and how your family will settle into your new home. Don't be fooled, not everyone is lucky enough to receive the keys to their new home immediately after closing.
It is so important for your agent to communicate with the seller's agent. Find out the earliest you can occupy the home and if the sellers will need time to move out after the recording date.
When is the actual move in date? The offer (purchase sale agreement) will determine not only your closing date but also your occupancy date. When you write an offer on a home, the real estate agent will ask you to request a closing date as well as an occupancy date. The occupancy date will be the day that you move into your home. In some cases, the ...
Friday, April 26, 2019 / by Pamela Glende
So, you’ve gone through the process of selling your home. All contingencies have been satisfied and the appraisal has been completed and your listing agent let’s you know that “we are clear to close”. Relief is what you are feeling, then your agent tells you the buyer needs to do their final walk through before signing for the home. The stress returns. It really doesn’t need to be stressful.
Here are some tips that will help you to be prepared:
1. Make sure that you have completed all agreed upon repairs. Supply any receipts for work completed to your agent so she can get them to the buyer’s agent. During the final walk through the buyer will be checking that all agreed upon repairs have been completed. You have until 3 days before closing to complete these repairs. Make sure that if a licensed contractor was supposed to do the work, that you did indeed use a licensed contractor. Other repairs that didn’t s ...
Monday, March 25, 2019 / by Dixie Simon
What Not to Do Before Buying a New House
Most first-time home buyers are shocked to discover how many ways you can mess up a home purchase. You may have received your pre-approval, you've found a home you love and made an offer. If you want to avoid messing up that transaction, you need to be extremely careful until the sale has closed.
Use the following tips to protect yourself and your home purchase.
Making mistakes is easy when you have never bought a home before, or it has been a while since the last purchase. Avoid these home buying mistakes to keep the stress out of your life!
1. Don’t miss loan payments.
You must keep your payments current on all your loan accounts, including credit cards and car loans. The lender will look at your credit again before finalizing your mortgage, and if you have missed any payments, it may lead to you losing the loan.
Many buyers mistakenly believe that once the lender issues their loan commitment, th ...
Monday, March 11, 2019 / by Elizabeth Sorensen
Every Buyer is waiting for that moment when they finally get keys to their new home and get to start moving in. However, it is important for both buyers and sellers to understand at what point the transfer of possession actually happens.
In the purchase and sale contract, this point is called “Time of Possession”. This is the time of day that possession occurs on the date of possession. Closing is the moment in time when the deed that is conveying title to the buyer is recorded at the courthouse and the seller’s proceeds are available to the seller. This may happen the same day as “signing” or a day or two later.
All time deadlines in the contract occur on the date stated AT the time of 9:00 pm. Closing may occur at anytime during the day- maybe 3:30, so why does the buyer not get possession of their own home until 9:00 at night?? For the Buyer to get possession whenever recording occurs, whether 10:00 AM or 3:00 PM, would give no certainty to the ...