Under Contract: What's Next?

Congratulations on reaching this exciting milestone! Here's a step-by-step guide to navigate the process ahead:

1. Selecting a Lender: Compare rates from different lenders to find the best fit. Share the contract with your chosen lender promptly after both parties sign, initiating the financing process.
2. Inspections: During the specified inspection period, various assessments will be conducted, including:
   • General home inspection
   • 4-point inspection (Roof, Electrical, Plumbing, & HVAC)
   • WDO (Wood-Destroying Organisms) Inspection
   • Radon Testing
   • Well/Water (if necessary)
   • Septic (if necessary)
3. Home Owners Insurance (HOI): Secure a HOI policy, as required by your lender. While binding the policy isn't necessary until closer to closing, start shopping around during the inspection period. Proof of insurance is needed for closing.
4. Survey: Expect to purchase a survey which will show property lines, setbacks, and improvements. This is usually an upfront cost to the Buyer.
5. Leading up to Closing:
   • Set up utility accounts in your name for the closing date.
   • Arrange cable/internet services post-closing.
   • Plan your move by hiring movers or bribing your friends with pizza!
6. Closing Day: Your lender will provide the exact amount needed for closing a few days beforehand. Options for payment typically include wiring funds or bringing a cashier's check with you to closing.
7. Items to Bring to Closing:
   • Driver’s License/Photo ID
   • Proof of HOI

Note about local Vendors: Along the way I can recommend reputable service providers for lenders, inspectors, insurance agents, and movers. Feel free to choose your own, with no obligation to use my suggestions.

By following these steps you'll transition from being under contract to becoming a proud homeowner in no time. If you have any questions or need assistance along the way, just let me know!