title

Your real estate transaction step-by-step guide.

FROM CONTRACT TO CLOSING:

BUYER'S CHECKLIST

Real Estate transaction is a very complicated process.

Following are the steps you and your agent will walk through, as you move from making an offer for your dream home to living in it. continue...

Real Estate transaction is a very complicated process.

Do you know how many parties are really involved in your real estate transaction? How many people and organizations make it happen? How many things to do and how much of paperwork required?

No matter how many people and paperwork involved, it is all about you. It is your decision, your money, your life and happiness. The complication of the process of real estate transaction should not confuse you. Our goal is to make it as easy and understandable for you as possible.

Your Local-n-Global agent will accompany you at every step of the process. Knowing the basics and details of the way to completion of your purchase will help you understand what's going on much better and will make your journey to a new home smooth and enjoyable.

Following are the steps you and your agent will walk through, as you move from making an offer for your dream home to living in it. hide message

Local-n-Global Consumers Guide to Agency Relationship

If Yes, Signature date

I work with:

Buyer's agent
Seller's agent
Dual agent

My agent's name:

Phone number:

E-mail:

Agency Disclosure

Yes No

Fair Housing

Explaned? Yes No

Earnest Money

Promissory note redeemed
Date: N/A

Check deposited
Date: N/A

Amount $:

Check #:

Inspections

Private General Home Inspection
Date:
Contingency Removed:

Pest
Date:
Contingency Removed:

Municipal
Date:
Contingency Removed:

FHA/VA
Date:
Contingency Removed:

Radon
Date:
Contingency removed:

Other:
Date:
Contingency removed:

Inspector's Name

Contingency Removed Subject to Conditions:

Contingency removed:

Date:

Provided by American Society of Home Inspectors

Complete Loan Application

Mortgage Company / Bank:
Loan Officer:
Phone #:
E-mail:
Date:
Appraisal fee (check or money order) $

Paperwork for Loan Approval

Previous two years W2:

Two last Paycheck stubs:

Previous three months Bank and savings statements on all deposit accounts (include ALL pages):

Names and addresses of landlords for past two years:

Copies of lease agreements on all rental properties you own, if applicable:

Copy of divorce decree, if applicable:

If self-employed:

Copies of previous two years tax returns, plus corporate or partnership tax returns:

Year-to-date profit and loss statement:

Other:

Final loan commitment date:

By Purchase agreement:

Actual

Contact Movers Need Movers?

Name:
Phone #:
Moving Date:

Obtain Homeowners Insurance

Agent: Phone #: Date:		Homeowner’s insurance is required by lenders. Lender’s requirement of coverage may be less than you are comfortable with. It is wise to consult with your insurance agent to understand clearly what you are obligated to insure, and what options you have. You need to order the hazardous insurance approximately one week prior to closing. You have enough time to shop around for the best prices and terms of your future homeowner’s insurance. Smart buyers start investigating the insurance issues even prior to making an offer to buy a new home. As a home buyer, you want to make sure that the house you’ve fallen in love with is a house you can live in. You need to feel comfortable that your new home’s past will not come back to haunt you in the form of higher premiums for your homeowner’s insurance.
The C.L.U.E. Home Seller’s Disclosure Report

Arrange Utility Transfer

Gas Phone #:
Electric Phone #:
Telephone Phone #:
Cable Phone #:
Other: ___________________

Utility transfer date:

Final Walk-Through

Contingency Removed:
Date:

Escrow

Deposit Funds

(Down payment + Closing costs)

Sign Final Papers

Escrow Officer:
Phone #:
Date:

Notify Post office about new address

Date:

Do it online: Change Your Mail Address

Obtain Keys

From:
Date:
Time:

This is a printable form-document for users. It designed to help to our clients, partners, agents, and general users to organize steps and procedures of the entire process.
NOTE: Expand all filled out sections before printing.

*Requires Adobe Acrobat Reader