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you must decide whether you want to remove the contingency and take your chances on getting a loan. You may choose to cancel the
purchase contract .
3. A requirement that the
seller must provide marketable title.
With an attorney or title officer, review the title report. The
title must be "clear" to ensure that you don't have legal issues
regarding your ownership on down the line.
Check into local and state ordinances regarding property transfer
and make sure that you and/or the seller have complied with them.
Secure homeowner's insurance. This will probably be required before
you can close the sale. It would be in your best interest to
apply for insurance as soon as possible after the contract is
signed.
Contact local utility companies to schedule to have service turned
on when you close escrow.
Schedule the final walk-through inspection. At this time, you should
make sure that the property is exactly as the contract says it
should be. What you thought to be a "permanently attached"
chandelier that would come with the property might have been removed
by the seller and replaced with a different fixture entirely.
You've made it! Once the sale has closed, you're the proud owner of
a new home. Congratulations!
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