Precautions for buyers as housing transfer
USINFO | 2013-11-04 10:21

ASP date specified on the housing transfer approaching, buyers need to be prepared before the transfer of work to ensure the successful completion of housing transactions . Most of the work before the housing transfer are made for transfer of title companies and loan companies to complete , but buyers need to pay attention to the work of the verification , especially for real estate professionals who do not help buyers more preparatory work before transfer more important , any missing preparations are likely to be affected housing transfer , the following list of important steps before housing transfer for buyers.

Property Report: buyers need to understand the property rights to the title company is clear, in addition to the normal mortgage loans, the purchase of houses are there any other liabilities. Another house belongs land whether occupied by others . There are many houses in the process of property found during the investigation of other liabilities or equity ownership unclear situation.

Re-home inspection : the buyer should require re- inspection before transfer house . Its purpose is to examine the situation before the houses in the transfer . As in the previous home inspection found problems , the seller has completed repairs , repaired the situation is satisfactory. The buyers themselves for electrical equipment to be tested. Test items, including air conditioning , refrigerator, stove, dishwasher, washing and drying machines. If problems are found , the buyer and seller can be immediate consultations to resolve the solution , or a lawyer in accordance with contractual requirements.

Loan fees and interest rates : housing transfer front , the buyer will receive the title company to provide a list of transfer and loan fees (HUD1), buyer should check the itemized charges are correct. Whether there have been omitted from the deposit paid by the buyer before , including whether the seller has not paid rent ( paid to the buyer ) . In addition, the buyer the best and the loan company to verify the application of the loan scheme , loan period and loan interest rates , so as not to transfer the house only to find content on the loan documents and loan company's commitment to have too much access.

Bank deposits : The buyer should verify their housing transfer bank account before the deposit is able to pay all closing costs . To avoid the transfer of the day only to find the bank deposit is insufficient to cover the closing costs and the housing into an embarrassing situation.

Hydroelectric facilities : the buyer advance notice prior to transfer electricity companies , telephone companies and water companies to open an account or transfer procedure to ensure that the housing transfer after the normal operation of all equipment .

Finally, if everything is ready , the buyer remember to bring personal identification documents ( driver's license or passport ) and cash checks to solicitors for housing transfer procedures .

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