5. Inspect & Repair

After your offer has been accepted you will need to involve a few more agencies before you can successfully close. Your mortgage provider has a vested interest in your purchase, and will require that an appraisal be done.  You as the potential homeowner should also get a home inspection done by a licensed inspector.  This inspection will reveal if any serious flaws are present, and will protect your investment by ensuring that you are getting a home that is free of flaws. 

In addition, you will also need to get a real estate attorney that will make sure the parameters of the contract are carried out.  Your attorney will have your best interest in mind and will ensure that the contract is carried out as specified.

Homeowners insurance must be obtained at this point, if you do not obtain insurance the closing cannot take place. It is advisable that you obtain insurance that is equal to the full replacement value of you home.

Your realtor can offer suggestions as to who to use for all of these tasks. In addition, making sure all of the other items are completed in a timely manner in order to ensure that you close on time.