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Buyers
Countdown to Closing
Contract Date Contract to Purchase signed by all
parties
within
5-7 days Apply for Financing (Lender will arrange
Appraisal)
Schedule Home Inspection (Schedule water and septic
if private systems)
Select Closing Attorney and schedule Closing Date
within 2-3 weeks Provide Loan Commitment Letter
to Sellers
within
2-3 weeks Attend Home Inspection
Review and Discuss Inspection Results with Broker
Broker prepares Repair Request Letter as necessary
Seller should respond within 5-7 days
immediately
thereafter Buyers and Sellers negotiate repairs
(through Brokers)
3-4 weeks before Set up Homeowners’ Insurance
for new property
closing
~21
days before Pest Inspection (Buyer attendance
optional)
closing
1 week before Buyer sets up Utilities, transfer
on Closing Day
closing
2-5
days before Walk through Inspection by Buyers
& Broker
closing
1-2
days before
closing Review draft of HUD-1 or Settlement Statement
for accuracy.
Closing
Day CLOSING at Attorney’s Office, Buyer(s)
usually present to review and sign documents.
Provide Bank Check for amount due!
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