PFRG Buyer contract to close timelines and events copy .pdf

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Contract to close timeline, events and expectations
Congratulations! You got the home! Here is what you can expect to happen between now until
closing:
Upon acceptance of contract signed by all parties
ü We provide your lender with a copy of docs
ü You will usually have 7 days to have all written documentation to your lender
ü A title company is chosen to handle your closing
The Home Inspection period (usually first 10-12 days)
ü Though it is not required, we highly encourage buyers to have the home inspected. As a
service to our clients, we have a list of inspectors for you to choose from and will be happy
to make the appointment for you.
ü If an inspection was conducted, you may want to request certain items to be addressed by
the seller prior to closing. It is also important to note that this inspection period can act as
your “get out of jail free” time period in the event that you are no longer interested in the
home. Your agent can explain this process in detail.
ü Take any measurements of windows, fridge openings, or furniture that you may need.
ü Review with your agent any details about the property ie flood zones, school zones, past
history, surveys, subdivision covenants and restrictions, etc.
One to Three Weeks Following the Acceptance Date of the Contract
ü Once the home inspection has been completed, most of the dialogue will be between you
and your lender so be sure to respond to any lender requests in a timely manner to ensure
your file will close on time.
ü A title company will reach out to you asking for information on whose name will be put on
the title to the property.
ü An appraisal will be ordered on your behalf by your lender to confirm the sales price is
supported.
ü This is a good time to begin shopping for homeowners insurance. Check with your agent
and they can provide you a sheet that contains square footage and other information that
insurance companies may need to provide you an accurate quote.
3-5 Days prior to closing
ü You will conduct a final walk thru of the property with your agent to make sure any agreed
upon repairs have been completed and no new damage is present.
ü Gather a list of utilities that need to be transferred from your agent.
ü Schedule moving trucks as needed.









Property First Realty Group
37283 Swamp Rd, Suite 1302
Prairieville, LA 70769
http://PropertyFirstRealtyGroup.com
o: 225.443.0055





ü Get a change of address package from post office
ü Be on the look out for your settlement documents and what funds will be needed for
closing. This will come from your lender.
Closing Day!!
ü Bring a photo ID and any documents requested by the closing attorney, lender or real
estate agent.
ü Bring your checkbook, just in case there is a small item that needs to be handled on the
spot (this is usually not necessary, but it’s always nice to have that option)
ü Celebrate and make plenty memories!









Property First Realty Group
37283 Swamp Rd, Suite 1302
Prairieville, LA 70769
http://PropertyFirstRealtyGroup.com
o: 225.443.0055



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