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Here's the Plan to Move You Into Your New Home

Plan to Move a Ratified Contract to Closing

Updated 10 December 03

Mary & John Buyer's purchase of 1111 Quietude Lane, Reston VA 20191

Mary & John's Current Home-335 Hybred Hills, Front Royal, VA 20186 Home (540) 222-6791 Cell (571) 215-9245

From Ima T. Seller of 400 Desire Way, Warrenton, VA 20186

Seller's Realtor Manny Places HO (703) 327-6777 Cell (703) 850-4886 Fax (703) 327-6778

Closing is Planned for 12 December 2003

Action Area

Who

Plan Date

Act Date

Status

Comments

Prepare for Closing

In Progress

Achieve Ratified Contract

Buyer/Seller

8-Nov

8-Nov

Achieved

Choose Settlm't Office

Buyer

In Contract

In Contract

MBH Reston Office 1760 Reston Pkw #101

Contract to Settlm't Office

Pete

9-Nov

9-Nov

Pete Fax'ed

(703) 318-9333 Fax 471-8606

Contract to Lender

Pete

9-Nov

9-Nov

Pete Fax'ed

Schedule Settlement

Buyer/Pete

wk 26 Nov

Obtain Termite Certificate

Seller

wk 3 Dec

Buy Hazard Insurance

Buyer

wk 3 Dec

Walk Through Inspection

Buyer/Pete

12-Dec

Participate in Closing

All

12-Dec

Removing Contingencies- Contract Has 4 Buyer Driven Contingency Clauses

1

Home Inspection-Contract is Contingent on a Home Inspection

In-Progress

Provide Insp Choices

Pete

12-Nov

12-Nov

Pete E-Mail

Schedule Inspection

Buyer/Pete

13-Nov

Conduct Inspection

Inspector

wk 12 Nov

Submit Items

Buyer/Pete

wk 19 Nov

Settle Items

Buyer/Seller

wk 19 Nov

Repairs Accomplished

Seller

(if Necessary)

2

Home Asso Docs-Contract is Contingent Until You Have Association Docs for 3 Days

In-Progress

Order Primary Docs

Seller

wk 12 Nov

12-Nov

Manny Ordered

Order Secondary Docs

Seller

wk 12 Nov

12-Nov

Manny Ordered

Receive Primary Docs

Pete/Buyer

wk 26 Nov

Receive Secondary Docs

Pete/Buyer

wk 26 Nov

Times Out After 3 Days

Buyer

wk 26 Nov

3

Obtain Buyer Loan Approval-Contract is Contingent on Lender Approval

Completed

Provide Info to Lender

Buyer/Lender

wk 5 Nov

Andy Sikora of Wells Fargo

Achieve Loan Approval Ltr

Buyer

wk 12 Nov

12-Nov

(703) 803-3500 Fax 968-2947

Send Lender Ltr to Seller

Pete

wk 12 Nov

12-Nov

Pete Fax'ed

4

Property Appraisal-Contract is Contingent on Lender's Appraisal

To Be Done

Order Appraisal

Lender

wk 19 Nov

Conduct Appraisal

Appraiser

wk 26 Nov

Obtain Results

Buyer/Lender

wk 3 Dec

Settle Amount

Buyer/Seller

(if Necessary)

Other Items

 

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