Long Grove Realtor explains that the signed Long Grove real estate contract is just the beginning…
One of my recent first time Long Grove buyers had many questions about the home buying process after I found them their perfect dream home. My job as your Long Grove Realtor does not end when we sign the real estate contract. As your Long Grove Realtor , I will be by your side during the entire transaction … from contract signing to moving into your new Long Grove home. ( even after)
1. First as your Long Grove Realtor I will make certain both your attorney and lender receive a copy of the real estate contract. If you don’t have an attorney, I have recommendations of attorneys that are both reasonably priced, responsive and ensure that a successful closing will take place. I always like to be copied on all correspondence, so I am knowledgeable of the transaction every step of the way.
2. As your Long Grove Realtor, I will schedule a home inspection – and of course I have recommendations for a reliable inspector who will inform you of the current condition of the home.. The home inspection needs to take place within 5 business days from the date the contract is signed. Most of the time, I recommend a radon inspection at the same time. Depending on the size of the home the inspection can take 2 to 4 hours.
After the inspection of your Long Grove property is completed, the inspector will provide you with a report which he or I will forward a copy to your attorney. Your attorney will review the report with you and will make recommendations as to what repairs should be requested from the seller as well as what is required under the contract. I will also discuss this with you and make my recommendations.
3. The attorney review period is typically the same 5 business days from the date the contract is signed. Your attorney will review the contract with you during this time frame and may make suggestions to modify the contract to better protect your interests.
4. It is necessary to contact an insurance company as soon as possible to arrange for your purchase of homeowner’s insurance. You have ten days under the contract to make sure you can obtain insurance at a reasonable cost. If you need flood insurance you must verify this now. Your lender will require you to pay one full year of homeowner’s insurance premiums prior to the closing, with the receipt to be brought to the closing. Have your insurance agent fax a copy of the paid receipt directly to your lender as well.
5. Notify your present utilities (if applicable) and arrange for services at your new address approximately 2 weeks prior to the closing. This includes gas, electric, water, cable and phone. Don’t forget to cancel or transfer deliveries, newspaper, magazines, garbage collection, etc.
6. As your Long Grove Realtor, I will schedule a final walk through to make sure the home is in the same condition as it was when the offer was made and that all home inspection issues have been resolved. This is typically done the day before or the day of the closing. I will contact you to schedule the walk through.
7. The closing time and date will be set by the attorneys based upon their schedules and the availability of the title company representative. As the buyer, you will need to bring your driver’s license or picture identification, as well as the paid receipt for your homeowner’s insurance. Your attorney will instruct you on how to find out the amount of money to bring to closing, where the closing will be located, and what you need to bring. As your Long Grove Realtor, I will be at your closing to resolve any mortgage or inspection issues if they may arise
8 After closing if you want to paint, remodel, or make any other updates, I can give you recommendations as to vendors who either myself, my friends or my past clients have used.