Closing Process (documents, agent, sale, fees)

[KillerCards]

I am closing on a short sale condo in las vegas, the bank has accepted the offer and all. I was wonder what are the next steps. Could someone who has purchased a condo before give me an idea of what I am in store for and all the things I have to have ready. This is my short list, please let me know if I have forgotten anything.

- money in the bank, bank wire transfer arrange or cheques
- get an inspection done
- setup property manager
- see if the current renters are staying
- insurance
- open a Bank of America account for rental income
- review the HOA documents - see if any fines, problems, how much in reserve account, any large repairs coming up
- taxes, what can I deduct
- get home owners insurance
- get Title insurance

Anything that I missed would be greatly appreciated. Even a time line of how these things will happen.

Thank you

[Brandon Hoffman]

Your agent should be able to help with the local punchlist/expectations.

[Ted Bear]

Personally, i wouldn't work with Bank of America if they were the last bank on earth. If you do, be prepared for fees of every imaginable sort. They have billions of bad real estate loans to try to escape, $25 at a time, it seems!

[KillerCards]

I was told I should have a separate account to deposit rental income into, can you suggest a better bank to do this for Canadians?