Now that you are under contract, you and the seller will be responsible for certain tasks before we are able to go to closing. We will make sure you are aware of what step is next all the way to the very end. 

Title: Either a title company or an attorney will be selected as a closing agent. The closing agent will hold the deposit while conducting research of the recorded history of the property to ensure that the title is free and clear. They will identify any restrictions which could prevent certain activities, such as building or parking restrictions. 

Inspection: During this time, you also need to have an inspection of the property done. You may choose to have multiple inspectors visit the property to give the professional opinion. If the inspection comes back with no issues then we will move forward towards closing. If there are issues that are present then, as a buyer, you have a right to renegotiate any of the terms of the contract.

Mortgage: Your lender will be contacting you regularly throughout the contract period to ensure your loan will be approved and funded. When using a lender you will have the property appraised by a licensed appraiser to determine the value for the lender. This is a requirement for lenders so they can ensure that their loan amount for your property is accurate. Stay in communication with your mortgage lender so you can be sure the loan will go through on time.

Insurance: When purchasing a house with a mortgage you will need to purchase homeowner's insurance for the property. The policy premium will depend on the insurance company and the value of the property. There are a lot of factors that can change your insurance policy so we recommend getting quotes from multiple agents to be sure you are getting the best deal.