Have you made a final walk-through inspection of the property?
Is the condition of the house or property as it should be? Are
there any personal property items left behind by the Seller. Is everything
in working order? Did you order a Home Warranty policy for future
repairs? If so, did you review that policy?
Are you satisfied that the Seller provided you with all required
disclosure documents or any known defects on the property?
Have you carefully reviewed your mortgage
closing documents? Are the lender's closing costs as they represented
they would be? Are there any "junk fees" added on that
you do not agree to? Are the names correct on the mortgage or Deed
of Trust documents?
Is the loan amount, interest rate, term of the loan, and prepayment
penalty correctly stated? When will your first mortgage payment be
due? Where will the payment be made?
Do you agree with the title fees being paid to the title company,
attorney, or escrow agency? Are they the same as previously quoted
to you?
Do you understand the prorations, those items or costs of which
you will pay a portion of or be given a credit for? Are the prorated
dates and amounts correct?
It is clear on which day you will take possession of the property?
Will the Seller hand over the keys on the day of closing or at a
later date?
Is the purchase price correct on the closing documents?
Have you been credited for all deposits put into escrow either
by you or on your behalf?
Is your name correct on the grant deed? Is it spelled correctly,
and does it include your correct middle initial? Is the manner in
which you will take title stated correctly? Is the legal description
of the property correct? Does this description conform with the one
given in the title report? Are all the easements and rights-of-way
properly listed?
Were any questionable items on the title report removed or explained
to your satisfaction?
If there is any personal property included, are you being given
a Bill of Sale, and do you agree with the items included?
Are you paying for fire insurance yourself outside of escrow or
through the closing agent? Is the premium correct and is the policy
for a full year?
Are the property taxes being paid in full? Ask when the next property
tax bill will become due.
Does your state allow a Homestead exemption? If so, and you want
to choose this option, ask how you file for Homestead exemption status.
Check that the return address on the Deed is where you will want
the recorded Deed to be sent. (you will want to keep this official
document in a safe place).
