7. Make sure that the
contract and all addendums are legible. Your Realtor will provide the
settlement attorney with the signed contract and all the addendums.
8. Understand that your
Realtor will order well, septic, and termite inspections if required
A. Order tests within 30 days of settlement
B. VA & FHA loans require lead, nitrites, and nitrates
water test, which may take longer
9. Be sure that the
Homeowner's Association package is delivered to the Purchaser as early as
possible. (The HOA three day rescission period is an easy way for the Purchaser
to terminate the contract).
10. If you have
fuel oil (propane) on your property, it is going to be sold to the Purchaser.
Accordingly, be sure to that an accurate reading and the bill are delivered to
all necessary parties well in advance of closing.
11. Do not cancel your
homeowner's insurance until after the closing is completed and the deed is
recorded. (When cancelling the insurance, back date it to the closing date).
12. Pay any mortgage
payments due the month of closing as early in the month as possible. This way,
the payoff statement will reflect the correct last payment. (Remember most
mortgage payments are late after the 15th of the month).
Stay tuned for next week and
the last set of tips to "Smooth Selling."
Contact me at 434-951-0858 or Tucker@TGBLaw.com
if you have questions, or visit our blog below for previous tips. Thank
you for allowing us to send you this email.
William D. Tucker,
III
Tucker Griffin Barnes
Charlottesville, VA
434-973-7474
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