Philadelphia, Bucks and Montgomery Counties Real Estate. Tips for home buyers, home sellers by Gita Bantwal,Realtor at Re/Max Centre Realtors.: Five things Buyers forget to do for settlement inspite of being informed about it

Five things Buyers forget to do for settlement inspite of being informed about it

Most agents explain things to the buyer at the time of agreement of sale and then after inspections they just wait for mortgage commitment.

It is important to remain in touch with the buyers to make sure every thing is going on smoothly.

We should also try to get a preliminary Hud1 so that they have an idea how much to bring to settlement.

Some of the things buyers forget to do are

1. To bring the funds in certified funds. They thinka personal check is acceptable and then have to go to the bank on day of settlement.

2.To bring picture ID. If one person is driving then there are occasions when the other person says they have left the driver's license in their car.

3.To call to transfer utilities. Some sellers have it shut off as of date of settlement      and if it is the weekend buyers may have to wait.

4.Home owner's insurance. Mortgage companies ask for proof in advance sometimes but some do not. If it is a cash deal no one asks for it.

5 Do a final walk through on day of settlement and bring the home inspection addendum to see if the sellers did all the repairs they agreed to do.

If you are looking to buy a home call Gita Bantwal at ReMax Centre Realtors 2153438200x124

Call me for a Free Home Buyers handbook.

 

When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.

Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com

 

She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email gita01@aol.com

If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491

 Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others  in my post and comments is not to be construed to be  legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.

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Comment balloon 22 commentsGita Bantwal • June 27 2009 06:11AM

Comments

I see this all the time too. Well not ALL the time but these do come up.

How about the listing agent removing the lockbox before the final walk- through and then they have to rush out and put it on.

Posted by Missy Caulk, Savvy Realtor - Ann Arbor Real Estate (Missy Caulk TEAM) about 9 years ago

Have been caught more than once on that photo ID!

have a nice weekend

your friend in Charlottesville Virginia!

Posted by Charles McDonald, REALTOR®, Blogger, Principal Broker®, Owner (Charlottesville Real Estate Solutions) about 9 years ago

Great points, and I see this too alot.  I had a buyer bring a personal check and he was part of a small bank, about1 hour away....what a long closing that was~

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) about 9 years ago

Gita--I have only had one client show up to closing without an ID. He had changed clothes just before heading to closing...made his kids dig it out of the dirty laundry in the packed up car. Moving day can be very hectic! :)

Posted by Teri Eckholm, REALTOR Serving Mpls/St Paul North & East Metro (Boardman Realty) about 9 years ago

Missy, Yes I remember it happening once and we had to wait for the agent to come and meet us.

Charles, Looks like  If we have been in the business long enough it probably happens to all of us at some point.

Kristin, I am glad it was within driving distance.

Teri, Some of these incidents can be on Reality TV.

 

 

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) about 9 years ago

Nice reminders Gita! We have one investor who forgets his ID every time we go to settlement!

Posted by Erica Ramus, MRE, Schuylkill County PA Real Estate (Erica Ramus - Ramus Realty Group - Pottsville, PA ) about 9 years ago

I wish Gita I could get all my clients to remember all these topics. I have them on a check list. Sometimes they just bring the checklist...

Posted by Paul S. Henderson, REALTOR®,CRS,, Tacoma Washington Agent/Broker & Market Authority! (RE/MAX Professionals.) about 9 years ago

Erica, It may be a good idea for you to keep a copy in the office.

Paul, It happens because after inspections we do not see them till settlement and they are busy planning the move.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) about 9 years ago

So true Gita. Sell 'em and leave 'em mentality.  We agree, take hold of their hand and make sure everything is in order to Close!  Don't forget to ask for referrals along the way! LOL

Posted by Al & Peggy Cunningham, Brokers, Our Family Wants To Help Your Family! (RE/MAX West Realty Inc., Brokerage) about 9 years ago

Gita,

Excellent information.  I had a clients wife show up without ID.  Because her name was not on the house, she figured that she didn't need it.  Wrong!  She was legally married and needed her ID.  Thanks for sharing this information with our community.

Have a great day

Make This YOUR Best Year Ever

Leander

Posted by Leander McClain, Cecil & Harford County Realtor about 9 years ago

Al and Peggy, Thanks for the reminder.

Leander, Glad she came to settlement even though she did not have the ID. I went to a settlement where the EX had left the country.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) about 9 years ago

Gita - A simple yet vital list.  The proverbial devil is in the details, and your list can save a lot of heartache on closing day. 

Posted by Jim Valentine (RE/MAX Realty Affiliates) about 9 years ago

Jim, Thank you. Have a good weekend.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) about 9 years ago

Gita, Good reminders for everyone.  A few more come to mind...POA, termite, roof certs,death certs, and repair receipts to finalize home inspection.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) about 9 years ago

Margaret, Thanks for the reminder.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) about 9 years ago

Oh the Utilities...I have at least one buyer a year that forgets to turn the water on in their name!

Posted by Tina Maraj, #1 Selling Agent in Fullerton 2016 714-403-7901 (RE/MAX North Orange County) about 9 years ago

On #5, don't be afraid to ask your home inspector to do a re-inspection. He might charge, but it's important that if there were roof repairs that someone look at them. In some cases, I've found that damage was caused to something else by the repair person. For example, we have a lot of side-by-side furnace/water heater installations, and often the furnace/water heater gets damaged by the water heater/furnace repair person.

Posted by Not a real person about 9 years ago

Tina, Thank you .

Russel, Good idea.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) about 9 years ago

Gita,  This is a terrific reminder list.  All of these items are so important.  Its amazing how we can inform and remind our clients about these types of things and then sometimes they still forget. 

Posted by Vicki Pedersen, Providing Exceptional Real Estate Service (Pedersen Real Estate) almost 9 years ago

Vicki, thank you.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) almost 9 years ago

Love the post, great reminder for all of us.   I sometimes forget to tell people about the utilities ...........

Posted by Kathy Torline, Colorado Springs Real Estate Blog 719-287-1049 (ERA Herman Group Real Estate) over 8 years ago

Kathy, Thank you. I give them a check list at time of agreement of sale and then remind them later.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) over 8 years ago

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