What needs to be done before closing:
Turn On UtilitiesYou'll need to get utilities turned on or transferred into your name for the new property. Generally sellers provide all of the relevant utility contact info in the Seller’s Disclosure. If it isn't provided in the disclosure, your real estate agent can assist in compiling that info for you. Make sure you schedule utilities to be in your name for the date of closing so there are no issues between the sellers and you or with taking occupancy that day if you plan to start moving immediately.
Schedule Closing Date & TimeThe closing date has been set in the purchase agreement, so the title company is aware of the closing date. Either you or your real estate agent will need to contact the title company to schedule a time slot for closing. If you wish to be there during the same time as the seller, you'll need to coordinate times with the seller's agent or check with the title company for available coordinating times.
It's important to do one last walk-through of the property before closing. The purpose is to verify that any repairs have been completed, that all of the seller’s personal belongings have been moved out, and to make sure that all contractual agreements have been met. It’s just another way to make sure that no major issues arise that could cause the closing to fall through.
Close The TransactionOn the day of closing make sure to bring a state issued ID or some form of government issued identification. If you have to pay any funds at closing, be sure to either have a cashier's check with you or wired funds submitted prior to closing. Most of the time, closings take place at the title company to sign all closing documents. Once the documentation has been signed and your lender has funded the transaction, you officially receive possession of your new home!
While this all seems like a lot to remember, that's what real estate agents are for. We take the difficulty out of closing on a home at the Lake of the Ozarks. Our agents are well-educated in the closing process and have experience and knowledge that will make your closing a breeze. If you are considering buying or selling a home at the Lake of the Ozarks, but don't know where to start, put your trust in the Fran Campbell Team for all of your real estate needs!
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