Ben Kayes Buyer Magazine RRG 2015 Buyer Magazine - Kayes, Ben | Page 14

Once You Sign on the Dotted Line…
The Final Steps Between Contract to Closing.
Congratulations! You’ve made an off er on the
home of your dreams – and in a few short weeks,
you’ll be moving in. The following are a few things
that take place from contract to closing.
RIGHT TO INSPECTIONS
As the buyer, it’s important to know that any
inspections are at your expense. They must be
performed within the timeframe stated in the
contract unless otherwise agreed upon. You
and/or a representative may be present
at any inspections.
FINAL “WALK-THROUGH”
You are entitled to a fi nal inspection of
the property, within 48 hours of closing,
arranged with the seller’s permission. This
is an opportunity for you to be assured the
property is in the same condition it was at the
time of the purchase contract and that any
required repairs have been completed.
CLOSING STATEMENTS
The attorneys will notify their respective
clients of the monies needed (if necessary)
for the closing and will provide a
breakdown of distribution of funds.
UTILITY ACTIVATION/TERMINATION
Once the closing date has been confi rmed,
you must make arrangements for the
utilities to be transferred into your name,
eff ective on the closing date. These include
gas, electric, water, cable, etc.
ATTORNEY APPROVAL PERIOD
The signed contract is submitted to your
attorney, the seller’s attorney and/or the
seller for review. Approval or disapproval
must be in writing by the agreed
u