HomeBlog Home Buying 101 – What You Need To Do Just Before Closing
Home Buying 101 – What You Need To Do Just Before Closing
For first time home buyers, it is a good idea to get to know what you will be required to do when it comes to just before the closing. Keep in mind that every situation will be different so you really have to pay close attention to the details involved with your own home buying experience.
Jot It Down
Early on in your process, when you are applying for a home loan, it is also the time to write down a little note. This note should be about what is considered a "good faith" estimate. This estimate will be what your closing costs are expected to be.
When it comes to the estimate, you should go ahead and plan on getting a bank check instead of using a personal check. Many situations will require a check that is certified by your bank as a way of guaranteeing that money is available.
Remember that this is also the time in which you want to get an inspection completed as well. This is something that should be done by a professional, but you should also inspect the home the day before closing to make sure that it is ready to be moved into.
Always study the terms that are involved with the closing process. You should be familiar so that you understand all the documents that you will have to be reading and signing. This is why it is helpful to have an agent along with you. They can really help you with getting your documentation together and explaining everything to you in detail.
Use this as your simple checklist and your closing experience should go smoothly. Don't forget to estimate before you are searching for a new home, plan on getting a certified check, never skip the inspection and ask an agent whenever you are uncertain, and Voila! You are on your way to being a homeowner.
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