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7. Find The Vendors You Need
After your offer has been accepted, your agent will supervise
the coordination of all necessary vendors and serving as your
advocate when working with each vendor. Your agent 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.
For instance, 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.
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. 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.
Your agent's experience in this area will be invaluable in
making sure that everything is completed on time and in a
professional and legal manner
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