your offer has been accepted, the property will need a thorough
examination. Working with your lender, you may need to have a formal
appraisal and a survey done for the property designated in the
contract. A property inspection, a foundation inspection, and an
environmental inspection may also need to be completed to make sure
that the property is up to the standards set forth in your written
agreement. If there are issues or inconsistencies brought to light
during this time, it may delay or even nullify the contract
depending on the contingencies set forth in the contract. Having
these procedures done in a timely and professional manner is a must.
Investigate each vendor to make sure that they are reputable and
have a clean operational history.
Homeowner insurance is another very
important item that will need to be taken care of at this point.
Insurance experts recommend that you obtain insurance equal to the
full replacement value of the home. Unless you have insurance
coverage on the home, the closing can not proceed.
Shana can save you time and money by
supervising the coordination of all necessary vendors and serving as
your advocate when working with each vendor. She will make sure that
the vendors have access to the property at the appropriate times to
perform their procedures and oversee the execution of those
procedures on your behalf. Her experience in this area will be
invaluable in making sure that everything is completed on time and
in a professional and legal manner