Buyer Help: Pre-settlement Checklist IF
YOU ARE THE BUYER of the house about to go to settlement:
- Call the settlement company to identify yourself
to the contact person and to give him/her your contact
information (work and home tel. numbers, cell phone
numbers, e mail addresses).
- Switch all applicable
utility accounts to your name, effective the date
of settlement.
FREDERICK COUNTY UTILITY NUMBERS:
- Alleghany Power: 1-800-255-3443
- Washington Gas (Frederick
Division): 301-662-2151
- Verizon Telephone: 301-954-6230
- Frederick City Water & Sewer: 301-694-1421
* If the house that you
are buying is in the county, billing for water
and sewer automatically changes names when the
county receives the deed from the settlement attorney's
office.
MONTGOMERY COUNTY UTILITY NUMBERS:
- Pepco Electric: 202-833-7500
- Washington Natural Gas: 1-800-752-7520 or 703-750-1000
- Verizon Telephone: 301-954-6260
- Call your insurance agent and buy home insurance (also known as "hazard insurance") effective the date of settlement (NOTE: this is replacement insurance for the structural components of the house that you are buying. It does NOT cover the future contents of the house - that requires a separate insurance rider)
WASHINGTON COUNTY UTILITY NUMBERS:
- Alleghany Power: 301-790-3400
- AC&T Company (Gas): 301-797-7923
- Verizon Telephone : 301-954-6260
PREPARATION
- Call your insurance agent and buy
home insurance (also known as "hazard
insurance") effective the date of settlement (NOTE:
this is replacement insurance for the structural
components of the house that you are buying. It
does NOT cover the future contents of the house
- that requires a separate insurance rider).
- The
home should be vacant and ready for a pre-settlement
walk through inspection approx. 1 hour prior to
settlement.
- You and any other buyers of the
house are required to bring a photo ID with you
to settlement (valid
drivers license, passport etc).
- If you or any other
buyer of the property will not be able to attend
closing, please call the attorneys
office and ask them to make arrangements for a "Power
of Attorney", whereby which someone else can
sign for the person who won't be able to attend.
- Approx.
3-4 hours before settlement (NOT
EARLIER), call the settlement lawyers
office and request them to give you a final tally
of funds that you'll need to bring to settlement. Round
up to the nearest $100 and bring that amount as
a CERTIFIED CHECK made
payable to the settlement attorney's office. Ask
the attorneys office whom the check is to be made
payable to. Don't forget to bring your checkbook
with you to settlement. If your certified
funds are more than adequate, you will receive
a refund at closing. If your certified funds
are short by a small amount, you can write a personal
check to make up the difference.
IF YOU LIKE TO READ EVERYTHING WORD
FOR WORD, LET THE SETTLEMENT
OFFICE KNOW. THEY'LL NEED TO SCHEDULE EXTRA TIME
FOR YOU - OR - REQUEST YOU TO COME IN EARLY TO REVIEW
THE PAPERS.
Settlement
Company: ________________________________________________
Address: _____________________________________________________________
Contact
Person: ___________________________________
Telephone: _______________________________________
Fax: _________________________________________
Settlement
Date: ______________________
Settlement
Time: __________________
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