Step 17: Review Supplementery Documents
Now that you have found the home of your dreams you will want to make sure that you review some important documents that come along with your property. One of them being the preliminary title report. In this report you will have the opportunity to review matters that affect your property such as liens, encumbrances, or any restrictions that will restrict your use of the property. The report will also make you aware of what matters will be excluded from coverage under your title insurance policy.
Shortly after escrow is opened on the property is when the process to start the report will be put together. The most important subject that you will want to inquire about on the report is primarily your ownership rights. This means you will want to review any claims, restrictions or interests of other people involving the property. We will go over this report with you in detail when the time comes, especially if there are any issues that are brought to our attention.
Other documents that you will want to review at this time will be any HOA documents pertaining to the property. This could be if you are buying a condo or a single family home that is in a neighborhood with a HOA. These documents generally include regulations and bylaws for the neighborhood. As a potential owner, you want to be aware of any pet restrictions or of any other restrictions regarding parking, yard maintenance, over all appearance of the property etc. Also this would be a good time to review how much the HOA’s will cost you monthly. Residents must adhere to the HOA guidelines otherwise there could be potential consequences to the homeowner that is not abiding by the rules.
We as your agent will make you aware of any other documents that pertain to this property that will need to be reviewed by you the buyer before you make your final decision on moving completely forward with purchase.
Connect with the Pierce County Real Estate Team
- Step 01 - Hire a REALTOR
- Step 02 - Home Buyer's Checklist
- Step 03 - Get Preapproved for a Mortgage
- Step 04 - Prepare for Earnest Money Deposit
- Step 05 - Get Down Payment Ready
- Step 06 - Finding Your Dream Home
- Step 07 - Schedule a Time for Showings
- Step 08 - Make an Offer
- Step 09 - Review Seller's Disclosure
- Step 10 - I Have an Offer Accepted, Now What?
- Step 11 - Schedule the Home Inspection
- Step 12 - What is the Inspection Contingency Period?
- Step 13 - Schedule the Side Sewer Inspection
- Step 14 - Schedule the Septic Inspection
- Step 15 - Tips for Attending the Home Inspection
- Step 16 - Read the Inspection Report
- Step 17 - Review Supplementary Documents
- Step 18 - Don't Spend Extra Money
- Step 19 - Give Notice to Your Landlord
- Step 20 - Schedule the Closing Date on Your Calendar
- Step 21 - The Appraisal
- Step 22 - Hire Movers and Start Packing
- Step 23 - Hook Up Your Utilities
- Step 24 - Set Up Homeowner's Insurance
- Step 25 - Do You Want a Home Warranty?
- Step 26 - Secure Your New Home
- Step 27 - What is Clear to Close?
- Step 28 - Attend the Walk Through
- Step 29 - Wire Your Down Payment
- Step 30 - Attend Closing
- Step 31 - Wrapping Things Up