Contract to closing

From offer to keys

1. 1

   Your offer is accepted

   You negotiated it and your name is on it. Set the closing at least 45 days out, and tell the seller about the agency addendum before you write the offer.

2. 2

   Order the home inspection right away

   Order it the same day the offer is accepted. Some lenders require the inspection before the contract can be assigned, and the inspection is the most common cause of delays.

3. 3

   The contract gets assigned to the agency

   You and the seller sign an addendum assigning the purchase agreement to TRHEEA. Your earnest money transfers with it. A completed Seller's Disclosure is required, and Arrive Home recommends a Property Condition Disclosure on every transaction even where the state does not require one.

4. 4

   You review the initial disclosures

   Arrive Home produces an initial Homebuyer Cost Disclosure for you to review and sign. If anything changes later, you sign an updated one before the file is cleared to close.

5. 5

   The appraisal is ordered

   A full FHA appraisal is ordered on the home. Major defects it finds have to be repaired before closing.

6. 6

   Underwriting reviews the file

   The underwriter reviews the appraisal, the home inspection, and your updated documents. If repairs are needed, they are requested here.

7. 7

   Your funds get wired

   All funds to close are wired to TRHEEA or its affiliate closing agent before the closing date. They require a copy of the wire confirmation showing the money came from your account.

8. 8

   The file gets its final numbers

   Closing funds are finalized after the final Closing Disclosure, the settlement statement from title, and the final Cost Disclosure from Arrive Home.

9. 9

   Everyone signs

   The agency takes title. You sign the homeownership agreement and take possession. Your down payment and closing costs go to title in certified funds.