What Happens After Contract Ratification

Published on Nov 18, 2015

There's a lot that happens after you find the house you want to buy and get a ratified contract. See what happens next. http://MetroWashingtonDCHomes.com

PRESENTATION OUTLINE

DISTRIBUTE RATIFIED CONTRACT TO ALL PARTIES

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CHECK IS CASHED

MAKE SURE ACCOUNT HAS ENOUGH MONEY
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ORDER INSPECTION(S)

HOME,RADON,LEAD, MOLD,ENERGY
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ORDER INSURANCE

(LOCAL CONTRACTS GIVE 7 DAYS)
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WORK ON MORTGAGE REQUIREMENTS

KEEP UP WITH PAPERWORK REQUESTS
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ORDER SETTLEMENT

SEE IF YOU CAN GET A REISSUE RATE FOR TITLE INSURANCE
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MONITOR CONTINGENCY DEADLINES

INSPECTIONS, APPRAISALS, FINANCING
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ORDER TERMITE INSPECTION

WITHIN 30 DAYS OF SETTLEMENT

MONITOR TREATMENTS & REPAIRS

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REVIEW HOA/CONDO DOCS

IF IN A CONDO OR HOA COMMUNITY

ORDER UTILITY TRANSFERS

ELECTRIC, GAS WATER,PHONE, CABLE
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SCHEDULE PRE-SETTLEMENT WALK-THRU

GET CERTIFIED CHECK

OR WIRE MONEY FOR REST OF DOWNPAYMENT & CLOSING COSTS
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ATTEND SETTLEMENT

GET KEYS * BECOME HOMEOWNER
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