This is How to Speed Up the Closing Process
Speaking with several home buyers, you may find that the most time-consuming part of the home buying process is considered the closing. Even knowing this, there are ways in which you can make the closing go a little faster.
Are Your Pre-Approved?
Your first step is, believe it or not, getting pre-approved for a home loan. When you have this in place, you do not have to worry about trying to come up with the necessary money at closing. You will already have an amount that you have been approved for. All you will need to do is let the lender know, and they will release those funds for closing.
Get the Inspection Done Right Away
Another way to ensure that closing will go faster is to take the necessary last minute #inspection on the home. This is usually done one day before closing. If everything is the way, it should be you can follow through with closing and have no problems that will delay it.
Double Check Your Paperwork, Then Check it Again
Also, make sure that you have all your paperwork in order and that you have double checked over each one. Sometimes, the smallest errors can cause a major delay in the closing process. Check your paperwork early on so that you have time to correct any errors before closing begins.
Get Your Wallet Ready
Know that there are a lot of fees that come up for this step so be ready. Since you have completed some minor jobs for the home by now, you can expect fees such as insurance, agent or lawyer fees, title fees, and appraisal
fees to pop up. Plan ahead to have this money ready so you can get through it quickly.
So, you want the closing process to happen faster? Make sure you're pre-approved for a mortgage
, have the home inspection done right away, and check your wallet. After that, just hold on tight! Closing day will be just around the corner.