Real Estate Deadlines and Dates Not To Miss!


When you first start looking into finding a new home, you think of things like:

These are the first questions that pop into your mind when you consider moving.  However, there are “deadlines” for many decisions and these can be the most stressful part of your moving experience.  Below you will find the top deadlines not to miss!

  •  Closing Deadline (Settlement):  Your closing date is chosen when you find your dream home.  This is the day that you want to sign the papers on your new home at the office of the real estate closing attorney.  This date should give you plenty of time to get your inspections done with the reports turned in, get your loan approval, do your walk thru’s, etc…
  • Due Diligence Deadline:  The due diligence date is made when writing up the offer along with the closing date.  The due diligence date is written into the North Carolina Purchase and Agreement giving the home buyer a period of time to get their inspections done and any other needed things done to assure they want this particular home.  A due diligence is also given up to allow for this period of time.  If, during this period, you decide you want to walk away from the home for ANY reason, then you will have your deposit returned to you and you are able to get out of the contract, no questions asked.  If you walk away after this period has ended, you will loose your deposit.  Some new construction Purchase Agreements do not have this clause in them.
  • Home Insurance – Property Insurance:  To get your home insurance, it is suggested to call around and get about 3 different quotes before deciding on your home insurance company.  Once you decide what rate is best for you, your lender then needs know the company and information to get your insurance binder. Home insurance, as stated by insurance policies, covers all the possible losses and damages incurred within your home property and territory. Additionally, when disasters or accidents like fire, tornado, storm, burglary, earthquake, flood or anything relative to it happens, can cover all possible and necessary fixes and payments to the damages. In most cases, mortgage companies requires a homeowner to have an before giving a loan whenever the current owner plans to buy a new house or plans to refinance. Mortgage companies look for this type of insurance to ensure that the individual can pay the amount that he or she owed them even after such losses or damages. To know more information about the costlaw insurance, then pop over to this website.
  • Appraisal Deadline:  The appraisal can be ordered once an offer is agreed upon by all parties, and is now called an “executed contract.”  An appraisal takes 10 business days to be completed and have the paperwork turned in.  Appraiser are able to turn in this report before the deadline if they choose to do so.  The appraisal is ordered by the lender once the Realtor has informed the lender when to do it.
  • Home Inspections/All Inspections:   Many real estate broker’s have recommendations for your home inspections, residential septic system cleaning and  inspections, etc. If you find issues with your septic tank, or they are found during these inspections, then contact professional septic pumping services. Professional septic tank services have special equipment that is required to perform this task, or any other similar type of maintenance pertaining to the septic system. As such, again, the recommendation is that you leave this particular task to the professionals.
  • Inspections need to be done within the first couple weeks after an offer has been accepted.  There needs to be time for the seller to make repairs, if they agree to doing so.  Also, if you find too many problems with the home, you don’t want to be a week out from closing and have wasted all of that time, if you are going to have to walk away due to inspection problems.
  • Walk Thru and Punch List:  The walk thru for existing homes will be a day or two before closing.  At this walk thru, you are giving the home one last walk thru before signing your name on the bottom line.  This assures that you are satisfied with the condition the home with be turned over to you as the new home owner.  For new construction homes, you will do your first walk thru a week before closing with the site superintendent and create a punch list.  The punch list will be cosmetic items, and big items that need to be fixed prior to closing.  For new construction, it is at this time that the home inspection finding will be turned in as well.
  • Final Loan Approval:  Your final loan approval will come in and be sent to the closing department for your clear – to – close.  This package then will be sent to the closing attorney’s office to get documents prepped for your big day!
  • Final Walk Thru (new construction only):  The final walk – thru will be done in the morning before your closing appointment.  This final walk thru confirms that the punch list items have been taken care of, and you are now ready to go sign your closing papers.
  • Settlement Day:  Settlement day is the day you will sign your closing documents.  These documents include lender documents, your deed of trust, and the HUD 1 statement showing where all of the closing costs money is going.

Buying a home can be an enjoyable experience.. Hire a good Realtor – Real Estate Broker, to help ease the stress and keep these deadlines on the move.  I work for you as the home buyer, and look out for your best interests, NOT the seller’s!!  Call me today at 910-545-2689 to show you any home in the Jacksonville, NC real estate market.  Whether they are homes not built yet, new construction homes that are completed, or existing homes – I can do it all!  I am here for you, so call me today!

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About Rebecca Quick

I'm a full-time Realtor - an experienced professional focused on helping clients realize their real estate goals. Emphasizing the value of each of my clients, my goal is to ensure that all transactions are always completed as smoothly and efficiently as possible.


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