To successfully close a real estate contract, you'll typically need the following information:
-
Property Details:
- Address
- Legal description
- Parcel number
-
Buyer and Seller Information:
- Full names
- Contact information
- Identification (e.g., driver’s license, passport)
-
Purchase Agreement:
- Signed contract outlining terms
- Price and financing details
-
Financing Information:
- Pre-approval or pre-qualification letter from a lender
- Loan type and terms
-
Earnest Money Deposit:
- Amount and proof of payment
-
Title Information:
- Title search results
- Title insurance policy
-
Disclosures:
- Seller disclosures (e.g., lead paint, property condition)
- Inspection reports
-
Closing Costs:
- Estimates of costs (e.g., title fees, attorney fees, taxes)
- Agreement on who pays what
-
Contingencies:
- Any conditions that must be met before closing (e.g., home inspections, financing)
-
Homeowners Association (HOA) Documents (if applicable):
- Rules and regulations
- Financial statements
-
Keys and Access:
- Arrangements for transferring keys and access codes
-
Closing Statement:
- A detailed account of all financial transactions during the closing
Comments
0 comments
Please sign in to leave a comment.