The Process: From Offer to Closing

Every state seems to have a different process. This is generally how it is done in The Triangle.

Make an Offer:
When you find the right home, the next step is to make an offer. Your agents (Marianne and Michele) play a critical role in this process and will advise you if the asking price of the home is acceptable, given current market conditions. Their knowledge of the market and expertise is invaluable during the negotiations. They will do a competitive market analysis, to not only make sure the home price is right, but that it will retain its resale value. When you arrive at the offer amount, your agents (Marianne and Michele) will write a purchase agreement. Your purchase agreement includes any conditions that need to be satisfied including inspections and loan qualifications. At this time, you will be asked for a check for "earnest" money, which will go to toward your down payment at closing. This amount, set by the seller, may be non-refundable if the contract falls through.

Order an Inspection:
When an offer is accepted, we will order inspections. Any conditions that have been placed on the agreement must be satisfied and removed. An inspection may reveal repair items that may be another condition of the offer.
Notify Loan Officer to Begin Appraisal, Lock-In Interest Rate & Send Good Faith Estimate: After the offer has been accepted, your loan officer must begin the processing of your loan. They will take your application and verify your sources of funds and other information and prepares a good faith estimate that indicates how much money you will need to bring to closing. This is also when you can lock-in your interest rate.
Have a homeowners insurance policy in place prior to closing.
Notify Your Phone, Utilities and Other Service Providers of Your Move-In Date: You must have all of your utilities disconnected and reconnected in your name at your new address.

Go to Closing:
In North Carolina we don't normally use an Escrow or Title company for the closing, we use an attorney. Your agents (Marianne and Michele) will help you select a closing attorney. At the closing, he/she will represent you and help explain all of the settlement statements and individual charges and fees and assure all your contract conditions have been met. You must bring a certified check for your down payment and closing costs. When all of the settlement papers have been signed and when the deed is recorded in the court house, you will be given the keys to your new home!

Buyers Closing Checklist:
A certified check made payable to your attorneys trust account, for the amount specified by your attorney (if applicable) · Your personal checkbook in the unlikely event other charges come up at closing · Your new homeowners' insurance binder with receipt of one years' payment · Your lender's good faith estimate

Make Your Move!
Through our Coldwell Banker Concierge program and our many local contacts, we can assist you with all of your move-related needs including moving van lines, boxes, home warranty, security, locksmith and more. We reduce time and stress my recommending trusted companies who provide great service and value. We will make your move simple! Congratulations on the purchase of your new home!

Marianne and Michele