Other than getting Home Owners insurance, What else needs to be done for closing?
bluesashbride
Posted:
Member since
Re: What things need to be done for Closing???
either the title company and/or broker should give you a list so I would contact them. many times it can be situational-for example we did not do a final walk-thru because the owners are renting back for a week (which we'll do one when they leave.) you will need a certified check for the % down and closing costs and ID. i had to have a power of attorney since DH is at sea right now, but again, situational.
Blu-ize
Posted:
Member since
Re: What things need to be done for Closing???
Mostly, the money...honestly..
KimberlyBride
Posted:
Member since
Re: What things need to be done for Closing???
Also need to call the water company, lipa etc. to have the utilities changed over the day you take possesion.
Danielle&Scott
Posted:
Member since
Re: What things need to be done for Closing???
Would that be the day of closing then? Will they tell me everything I need to get donew for that day? So far I only know I have to get home owners insurance....thats what the lawyer told me Scott
KimberlyBride
Posted:
Member since
Re: What things need to be done for Closing???
Are you taking posession the day of closing? Sometimes people close and don't take possesion for a week or two. You have to check with your attorney. And if you are taking possesion that day you need to contact LIPA and the Water Authority to start the account and make it effective that day.
Blu-ize
Posted:
Member since
Re: What things need to be done for Closing???
Your attorney will tell you everything to do..don't sweat it.
btrflygrl
Posted:
Member since
Re: What things need to be done for Closing???
inspection, termite inspection...things that more or less that you want done than need to be done.
For our FHA, we needed to have the termite letter.
Also, I highly recommend getting an outside inspector because he found stuff that was not finished properly.
Danielle&Scott
Posted:
Member since
Re: What things need to be done for Closing???
We already had the inspection done and got the paper work from them..We signed the contract friday and are waiting for the owners to sign the paper work now. Scott
wintergirl06
Posted:
Member since
Re: What things need to be done for Closing???
When you go for the homeowner's, it's best to have a floor plan with you (it's done primarily by square footage).
TracyInQueens
Posted:
Member since
Re: What things need to be done for Closing???
You need to know a lot when you call about homeowners- they'll ask you how close the nearest fire hydrant is, how close the fire house is, what the source of electric (and there is a HUGE difference in cost between fuse boxes and circuit breakers), the year the house was built.
I called NYSEG (the electric provider for where I live) and they made the switch effective the date we closed.
You also may want to line up the cable installation- in my past experiences in Queens and up here, that's taken a while.
We (the paralegal and I) made pests of ourselves with our bank because they were kind of slow to get the appraisal done. We were in a hurry because our rate was expiring.
patti08
Posted:
Member since
Re: What things need to be done for Closing???
Scott, I used this from msn and advice from LIW/LIF'ers to make a list of what we needed to do.
You need to know a lot when you call about homeowners- they'll ask you how close the nearest fire hydrant is, how close the fire house is, what the source of electric (and there is a HUGE difference in cost between fuse boxes and circuit breakers), the year the house was built.
How do you figure this information out???
patti08
Posted:
Member since
Re: What things need to be done for Closing???
Posted by cjb88
Posted by TracyInQueens
You need to know a lot when you call about homeowners- they'll ask you how close the nearest fire hydrant is, how close the fire house is, what the source of electric (and there is a HUGE difference in cost between fuse boxes and circuit breakers), the year the house was built.
How do you figure this information out???
Our Insurance Agent went to the house and measured and took photos.
princess99
Posted:
Member since
Re: What things need to be done for Closing???
For the room sizes etc, u might be able to get this from my nassauproperty.com. HTH Bring a good pen u will be signing your name a lot !!!!
Danielle&Scott
Posted:
Member since
Re: What things need to be done for Closing???
Posted by patti08
Scott, I used this from msn and advice from LIW/LIF'ers to make a list of what we needed to do.
Thanks I just printed it all out...Very useful info.
I also have to get all the utilities before closing switched to my name the day we move in right? Who do I call for that? Is there a way of finding out who the seller uses, and do I have to use everyone the seller uses? Thanks, Scott
patti08
Posted:
Member since
Re: What things need to be done for Closing???
We asked realtor to get names of utility companies seller uses and also a ball park figure of monthly utility bills. It really helped us make a complete budget. The seller was happy to pass the info on.
