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Moving Forward to Settlement:

 

After the deal is negotiated and the contract is signed your Deep Creek Lake real estate agent will work with you to contact insurance companies, title companies (sometimes referred to as closing attorneys), the power company, cable TV and internet companies, fuel and/or propane companies, local telephone companies and local banks / lenders.  Local Realtors can be an invaluable asset, as they live and work in the community and have first hand knowledge of these area resources.

Prior to closing you will need to provide proof of Homeowners Insurance and have all utilities transferred into your name. Your real estate agent will provide the meter number from the home to help set up the electric account.

 

The Day of Settlement:

It is recommended that you and your agent schedule a walk-thru inspection of the home on the day of settlement to make sure that the property is in the same condition (or better) as it was at the time of contract. After the walk thru inspection, if satisfied, you and your agent will proceed to the closing table. The closing may be by mail (if you do not have time to come to Deep Creek), at a local attorney’s office, the Railey Realty office or even at your home. If the mortgage that you obtain does not cover the full amount of money you owe for the purchase you will need to bring a cashier's check or certified funds made payable to the title company to the closing. You will be notified of this amount when you and your agent review the settlement sheet several days prior to closing.  This process can be overwhelming, but knowing that you have an experienced professional looking out for your best interests will put you at ease.

 

After all documents have been signed by both parties and all of the necessary funds are collected by the title company, you will receive your keys and you are ready to start enjoying your new property at Deep Creek Lake. Congratulations!

 

The developers of www.DeepCreekRealEstate.com , Jon Bell & Debra Savage, hope that you have found the "Buying Process" information on this website useful. Their goal is to help you create a pleasant and satisfying experience so that you will happily refer your friends and family to their business.  Should you need any additional information or have any questions about the information provided on this website please contact one of them directly. They will be eager to share their knowledge with you.