It’s getting down to the wire now and there are still a few things that we need to round up before sitting at settlement. I recently received my gift letter from my mom and the money was received. I will then have to go to the bank and get a cashier’s check to bring to settlement. As of right now, the underwriters are taking care of some last minute paperwork to get the loan application through. The main idea of the gift letter is to show the lender that the money does not have to be repaid.
Luckily, we made a contract to fix some issues with the house prior to the second home inspection. We did it as an FYI purpose only. The seller agreed to fix the items and then we will make our final walk through at the settlement table. My great home inspector put together this great inspection to help me fix some small maintanence items without having to hassle the buyer. I wanted some of the bigger things taken care of.
All of the paperwork has been filed and trust me there was a lot. I had to go full documentation, due to my school loans and car payment. The lender just wanted to cover their butts in case I default. I had to provide everything from bank statements, 401K’s, Roth IRA’s, and W-2′s. I have begun the packing process and will be closing in the next week or two. Prior to moving in, turn on all the lights, crank the heat, run the faucets and give the house a proverbial kick in the tires. We want to make sure that nothing has broken since the month we signed on the contract. We better do this as a just-in-case.
Next, you will want to forward your mail at the Post Office, cancel any utilities at your current place, transfer any internet, phone, or cable service to the new address. These can be done pretty quickly. Since I have a month to move in, any painting can be done now. There are probably a million other things I forgot about, but it’s okay, i’ll jot them down later.