Home Buying 101 - What You Need To Do Just Before Closing via @homebidz

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.  

Certified Check 

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.  

Inspection

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.  

Documents

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.  

Conclusion

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.

Latest Posts

The Art of Changing Realtors When You Need to via @homebidz

The Art of Changing Realtors When You Need to

First Time Home Buyers Click Here Finding a realtor can be kind of like dating. There are a ton of them, each with their own set of pros and cons, different areas of expertise, etc. So, when you start forming a...
Loans, Fees, and the Real Cost of Owning Your Home via @homebidz

Loans, Fees, and the Real Cost of Owning Your Home

Need a Home Loan? We know this may come as a shock, but that home that’s for sale for $350,000 will actually end up costing about $575,000 over time. How? Between the interest rates, insurance, property tax, and...
Rent to Own vs. Traditional Mortgages via @homebidz

Rent to Own vs. Traditional Mortgages

Need an FHA Loan? It’s no secret that most people seek out rent-to-own home options over traditional mortgages because of credit issues: either their credit is fair or poor or simply just unestablished. Depending...
Why Does My Credit Matter? via @homebidz

Why Does My Credit Matter?

Click Here to Look at Bad Credit Home Loans Honestly, if you have less than perfect credit, you can still potentially buy under a rent to own option, but you still have to get financing at some point, so you'll need to...
Taking the First Step on Your Rent to Own Journey via @homebidz

Taking the First Step on Your Rent to Own Journey

Looking for Rent to Own? When considering a rent to own journey, there certainly are a couple different choices. Each requires the rental property itself, two authorized documents, and then -- sometimes -- an...
Simple Ways to Save for Your Down Payment via @homebidz

Simple Ways to Save for Your Down Payment

Need Family Support? There are a lot of different ways to purchase a home. You can get creative and try owner-financing, or even buying a home at an auction. For the majority of us though, we’re still using banks and...