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Between the sales contract and the closing.
Information for Buyers
Many activities take place in the weeks and days before your home sale or purchase closes. The date of closing may be estimated in the sales contract, with flexibility to allow for the preparation of documents necessary to finalize the sale. For example:
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You will need to obtain homeowner’s insurance before closing.
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Work out the transfer of the utilities ahead of time.
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Change your mailing address.
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If the property is in or near a flood plain, consider obtaining flood insurance.
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If the home has well or septic systems, then certifications should be ordered from the appropriate authorities.
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A newly constructed home may need a “certificate of occupancy” from the municipality before closing can occur.
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Your lender may require a survey - an accurate plat of the property’s boundaries and easements.
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Customarily, the seller obtains a termite report no sooner than thirty days prior to closing.
Your real estate professional will facilitate the gathering and transfer of information between your attorney or settlement agent, the seller’s and their attorney, your lender and any government authorities required.
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