Real Estate Attorney Rick Carter and Para Legal Extraordinaire Kathy Holtshouser talk about how to have a seamless closing:
- Anything discussed with the seller should be in the purchase and sale
Make sure everything in the offer makes it to the purchase and saleThe closing date means you have to be available or have an acceptable power of attorneyPay attention to the mortgage financing dateConditions on mortgage commitment letterAsk attorney if they will keep an eye on the important datesNeed to make sure insurance, including flood insurance if required, is in place for closing dateOwner’s title insurance is a good idea – not the same as lender’s title insuranceHow do you want to own the property – tenants by entirety, joint tenant, tenant in common, etc.Walk through before the closingClosing disclosure lawsThere are some fees that do not appear on the initial closing disclosure, but they will be on the final disclosureAt the closing, you will need a bank check made payable to yourselfIt is a good idea to bring your checkbook, in case there are any small surprisesBring your ID to closingIt takes some time after the closing for it to be finalized – usually done within a few hoursIf you need a Real Estate Team that can walk you through the purchase of your new home start with Carter Law offices. All that and much more on this week’s episode of Real Estate House Party recorded this and every week at The Studio 21 Podcast Café and hosted on The United Podcast Network!