So the seller accepted our bid and the property has been inspected…now what?
Brandon Green will recommend a settlement company (also called a title company) to conduct your settlement. Before settlement we will coordinate with the lender to send an appraiser to your home (your lender requires this appraisal).
We will also provide the title company with the contract terms, your address, the seller’s address, and any other information it requires. The title company then will research the history of the title to make sure that no one has placed a lien on the property (liens follow property, not people).
Get hazard insurance
At this time you will need to contact your insurance company to start hazard-insurance coverage. Your lender will require your policy information and receipt before the deal can be settled. We can help you find a good insurance company if you need one.
We tame the paperwork
While you are getting ready to move, Brandon Green Companies will continue to manage all of the parties and track the paperwork to ensure that the process moves forward smoothly. As part of our unique team approach, we have a dedicated administrative staff that manages this step for you.
A final walk through occurs before we go to the settlement table. This meeting is somewhat ceremonial, but if the sellers have kicked out the bedroom door or if the roof suddenly has sprung a leak, Brandon Green Companies still will have time to resolve these issues for you.
Vigilance at the settlement table
At the settlement table, we will remain vigilant of:
- Answering last-minute questions
- Clarifying details
- Checking all financial documents for errors
There are three things you'll need to do:
- Have a cashiers check or money order made out to you in the amount of the down payment and closing costs. Your lender will estimate how much you need. (Make the check out to yourself just in case there is a glitch, that way you easily can put it straight back into your bank account. At settlement, you simply will endorse the check to transfer it to the settlement officer).
- Bring your driver's license or another form of photo identification.
- Obtain proof of hazard insurance (check with your lender as each one requires this information at a different time).
And don’t forget to keep all loan documents for tax time! (But if you did misplace them, don’t worry—we’re still here for you, as we keep copies of them.)