The title agent or attorney also handles all the arrangements with your mortgage holder(s) regarding the final payoffs. You don’t need to do anything. 8. Survey : After the loan is approved, or earlier at the discretion of the loan officer, the survey is ordered by the buyer, their agent, or their lender. This usually does not occur until the last 10 days of the process. It usually takes place on the morning of the closing. It is not necessary for you to be home for the survey, because they do not need to come into your home. The only evidence of the survey having been done is the classic wood stakes with red or orange ribbon at the corners of your property. 9. Pest Inspection: The “termite” inspection is an inspection of all wood-destroying organisms, including but not limited to dry wood and subterranean termites, wood-boring beetles, carpenter ants, and wood rot caused by wet rot or by fungi. The pest inspection paperwork, called the WDO, cannot be more than 30 days old. If the sale is contingent on financing, the inspection is usually not ordered until there is a full loan approval. However, if the loan approval is imminent but not official within the final week before the closing date, then it might be wise to order it anyway. Your agent will advise you on this. If you have an active termite contract, then you should call that termite company to set up the inspection. If you do not have a termite contract, then you and your agent will discuss selection of a company to do the inspection, and either one of you may make the phone call. You will need to be home for the inspection. If you cannot be there, your agent may be able to help coordinate the inspection on your behalf. When you call to make the inspection appointment, be sure to inform the inspector that the purpose of the inspection is for a real estate sale.
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