Estimate Time from Purchase Agreement to Title Transfer
Avoid Common Delays
Understand your Closing Terms
Read, understand and complete the Purchase Agreement and any Addendum with your Realtor.
Review your Purchase Agreement with your Lender to be sure the dates are feasible.
Ask your Lender and Realtor to order a Title Insurance Commitment from Walker Title.
Determine what type of deed you will need and how you wish to take title (tenants by the entirety, tenants in common, joint tenants with rights of survivorship, etc.).
Obtain the Seller’s completed Residential Property Disclosure and Lead Based Paint Disclosure Form (if applicable).
Read, understand and evaluate the Purchase Agreement and any Addendum with your Realtor, including Buyer’s contingencies such as financing, inspections, etc., and how they impact the transaction.
Locate the title insurance policy issued to you when you purchased your property. Your policy may allow a discount to your Buyer.
Locate details of current mortgages to be paid off at closing including dates, original amount, account numbers, etc. You will be required to sign a Payoff Authorization Form in order for Walker Title to obtain a certified payoff statement to be used on the settlement statement for closing.
Prepare and complete the Seller’s Residential Property Disclosure and Lead Based Paint Disclosure Form, (if applicable) .
We’re here to help with your real estate closing – call us with your questions today!