Steps After Inspections Through Closing

 

  • Continue to go through the steps of the contract w/ providing all documents asked from title and lender

 

  • Walk through – utilities won’t be on, so this isn’t a typical walk through. You are checking to make sure that the property is substantially in the same condition as when the contract was written. 

 

 

  • Keys - not be given at closing. Buyer must get the locks re-keyed.

  • A Ready to Close” inspection must be completed by the Listing Broker

Closing Timelines 

  • Cash – 30 days from Date of Bid Acceptance by HUD (not ratified date)

  • Financing – 45 days from Date of Bid Acceptance

  • 203K – 60 days from Date of Acceptance

Closing Protocol for Buyer Select Closing Agent

 

  • BSCA must present the preliminary Closing Disclosure 5 business days prior to the scheduled closing to the Asset Manager

  • Deed must also be presented to the Asset Manager 5 days before scheduled closing date - can be sent electronically

"Every home is...

   Someone's perfect pearl."