Friday, December 21, 2012

Tips for Avoiding Closing Delays

It happens sometimes, and its no fun but there are delays in closing for time to time.  There are a few things that you , as the home buyer, can do to avoid delays and here they are -

  • Be sure your Realtor has submitted all inspection invoices if applicable. Most inspectors these days require that payment be made up front but some do not.  If those inspectors submit an invoice, the title company will need that documentation. When drawing up a final HUD statement, the escrow office will need to know who is paying for what.  
  • Invoices from all repairs should be submitted as well.  There are often repairs to be made and if the contractor's invoice are not on the HUD statement, it could put the brakes on the closing.
  • If you cannot be at the closing and intend to use power of attorney, you MUST provide the title company with all the proper paperwork.  If you do not know what the proper paper may be, call your Realtor or escrow officer ASAP so you can get this over to the title company right away.
These are a few things that can help when buying a home in Albuquerque New Mexico.  Your Real Estate professionals should be more than capable to help you with any questions you might have regarding you closing process.


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