The Insider's Guide To Selling Your Home By Owner- Rocio Fausto I | страница 94

Using a Title Company. Title companies can provide title
insurance, and also often have access to your escrow and closing
needs. You need to have a clear understanding of what your state
specifically requires of you before hiring any providers to aid in
the closing of your property.
Your work isn’t finished yet, my friend. As a matter of fact,
you’re just now getting started. Keep these three things in the
forefront of your mind, and your closing should go smoothly.
1. Your buyer must get their loan approval.
2. You must meet all of the expectations of the buyer’s lender.
This could include an appraisal, title insurance, survey and
title inspection. Remember, this changes from location to
location, and by lender.
3. Next comes the inspections. Hopefully, you’ve already done a
pre-inspection and the ones required by the bank will run
smoothly.

After the offer is accepted
There are several hurdles to cross before the closing. You
need to keep up with all of th e details that are swirling around you
at this point and keep everything on schedule.
l. The Loan Application: If this is a cash sale then skip to
number 3; otherwise, the buyer, if they have not done this by now,
will initiate the loan application usually within 3 to 5 days after
the contract is totally negotiated and signed.
2. Credit Report: Although a simple "on-line" credit report
may have been performed already on the buyer, the lender will
order a special "home mortgage credit report" which derives data
from several different sources.
If there are any problems, your agent will be notified. Some
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