Congratulations!! Once you and the seller have agreed on terms, a sales agreement is signed, and the house is officially under contract and in escrow. Here are the steps that follow:

PUT YOUR EARNEST MONEY DEPOSIT INTO AN ESCROW ACCOUNT: You will get an Earnest Money request from our secure Earnest App to transfer the correct amount directly to the Title Company. Your earnest money is deposited into an escrow account managed by a neutral third party (typically a title company or bank) who holds the money for the duration of the escrow period. They will handle all the funds and documents required for closing, and your deposit will go towards your down payment paid at closing.

WE WILL SEND YOUR LENDER A COPY OF THE SIGNED CONTRACT: Once you’ve agreed to the final offer, it’s time to finalize your loan application and lock in your interest rate if you haven’t done so already. You may need to provide additional documentation to your lender upon request.

YOUR LENDER WILL ORDER AN APPRAISAL: Your lender requires AN APPRAISAL to confirm that the home is indeed worth the loan amount. The appraisal considers similar property values, the home’s age, location, size, and condition to determine the property’s current value.

.SCHEDULE YOUR HOME INSPECTION within 3 to 8 days after your offer has been accepted. It’s imperative to schedule it as soon as possible to give us 24 hours to order and receive your FREE PORCH REPAIR REPORT. Which will estimate the cost of the repairs listed in the Home Inspection Report?

TRUSTED HOME INSPECTORS:
1.) Pillar To Post
David Kniptash… 970.443.0079
2.) A Kneeley Home Inspection
Kyle Kneeley …. 970.443.0079
3.) Front Porch Inspections
Jed Kaessner …. 970.305.6503

HOW DOES TITLE INSURANCE COVERAGE VS. HOMEOWNER’S TITLE INSURANCE WORK? There are two types of title insurance: one for lenders and another for homeowners. Lenders require lender’s title insurance, but it does not cover you. A separate homeowners policy is needed to protect yourself from a claim on your home and be held financially responsible for possible unpaid property taxes from previous owners. Speak with your Buyer’s agent to understand your options.

BE SURE TO CAREFULLY REVIEW ALL HOA DOCUMENTS TO MAKE SURE YOU CAN LIVE WITH THE RULES AND REGULATIONS.

Homeowners insurance protects your home and possessions against damage and theft and is required by lenders before finalizing your loan. Policies vary and are customizable, so we suggest fetching multiple home insurance quotes in 7 simple steps with Keller Covered.

CHANGE UTILITIES: Moving is hard, but we are here to help! Use our FREE Moving Concierge Service to help you get up and running faster in your new home. An invite will be emailed to you; sign in, complete the form, and our concierge team will reach out to you. They’ll transfer utilities into your name and connect you with suppliers that fit your needs and budget.

CLOSING DISCLOSURE: At least three days before closing, lenders are required to provide you with a Closing Disclosure with your final loan terms and closing costs for you to review. Closing costs for the buyer typically range from 2-5% of the purchase price, including lender fees, lender’s title insurance, and HOA dues if applicable.

LENDERS CLEAR TO CLOSE: Clear to close means that you have met all of the outstanding lender conditions or requirements for you to go to the closing table — and sign the final closing documents. Now we can schedule the Closing day and time. Once you’ve signed all your documents and “closed” your mortgage, the lender will pay the seller and all parties, and you get the keys to your house.”

FINAL WALK-THROUGH: Within 24 hours of closing, we will do a final walk-through of the home before signing the final paperwork. This last step is to verify that no damage has been done to the property since the inspection, that any agreed-upon repairs have been completed, and that nothing from the purchase agreement has been removed from the home.

The person who will help you navigate the paperwork waters. 

Call or text Joy, our Buyer’s Agent, at 970-290-6809 or email her at Joy@ProSellsColorado.com.