Murphy Washo Gunsiorowski & Associates 410-547-5710
The home buying process does not end once the seller has accepted your offer to purchase. There is still a lot of work to be done to get to settlement. Leslie Gibbons is the Closing Department Manager for Murphy Washo Gunsiorowski & Associates. She will work with you every step of the way to ensure a smooth closing. Settlement is the process of transferring the title (ownership) of the home from seller to buyer. The homebuyer has responsibility for making sure that certain protections for the home are in place prior to settlement, the lender requires some and some are optional. By selecting a Prudential PenFed Realty sales professional, you have chosen an agent and a company who can assist you with this process.
Fire and Hazard Insurance
At settlement you will be asked to produce a one-year paid receipt for a fire and hazard insurance policy (homeowner’s insurance) if you have obtained a mortgage. This insurance is available through PFR Insurance Services or the insurance company of your choice as long as the home is able to be insured. Fire and hazard insurance provides protection for fire and other dangers to your home and your valuables.
Home Warranties
Home warranties repair or replace a homes major mechanical systems and appliances for a specific length of time, a year in most cases. This is a home buyers best defense against expensive repairs, or complete replacement of major items, which may include a roof, furnace, or washer and dryer. This warranty is not required, but is highly recommended. PFR Warranty Services provides home warranty coverage through its partner HMS Home Warranty.
Home Inspections
A home inspection can ensure that the purchase you are making is a sound investment. Although you can see the obvious need for paint or carpet replacement, a professional inspector can probably spot more, especially in areas not easily accessible to the buyer. PFR Inspection Services is available for your home inspection needs.
When buying a house, the contract requires that the buyer pay for a termite inspection. The results of this inspection may require payment for removal of the infestation and repair of any active termite infestation. Leslie Gibbons can assist with the selection of all of the necessary inspectors.