Immediately after getting under contract, please deliver a check for the earnest money to the Escrow Company named in the Purchase Contract on lines 117 & 118. You’ll be able to drop this check off at the front desk. The check itself should be made out to the name of the Escrow Company. The amount of earnest money is identified on line 11 of the Purchase Contract. You can use a personal check. It’s a good idea to put the property address in the note section of the check. Generally you should complete this within 2 days, but sooner is even better. This check will be deposited into the escrow account right away but will be refunded to you if you cancel the transaction during the inspection period.
Next: Put the closing on your calendar
- Step 1: Find a REALTOR®
- Step 2: Get pre-approved for a mortgage (only applies to buyers who are not paying with cash)
- Step 3: Start your home search online
- Step 4: Time for showings
- Step 5: Make an offer
- Step 6: I have an accepted contract. Now what?
- Step 7: Schedule the home inspections
- Step 8: Drop off your earnest money check
- Step 9: Put the closing on your calendar
- Step 10: What is the inspection period?
- Step 11: Don’t spend extra money (only applies to buyers who are getting a loan)
- Step 12: Provide documents to your loan officer (only applies to buyers who are getting a loan)
- Step 13: Read the title commitment
- Step 14: Review the HOA documents (only applies to buyers who are purchasing homes with HOAs)
- Step 15: Fill out and return your buyer’s packet
- Step 16: Tips for attending the home inspection
- Step 17: Read the inspection reports
- Step 18: Make repair requests
- Step 19: The appraisal (only applies to buyers who are getting a loan)
- Step 20: Hire movers and start packing
- Step 21: Hook up your utilities
- Step 22: Set up homeowner’s insurance
- Step 23: Get your down payment ready
- Step 24: Secure your new home
- Step 25: Do you want a home warranty?
- Step 26: Make your down payment
- Step 27: Attend the walkthrough
- Step 28: Attend the signing
- Step 29: Get the keys
- Step 30: Wrapping things up
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