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After
your offer has been accepted, Greg & The Team will supervise
the coordination of all necessary vendors and serving as
your advocate when working with each vendor. Greg &
Team 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.
The
Greg Gorman Team'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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