Many important details must fall in place before you close on your home. We will help you stay on track. Some of the most important details include:
Complete a home inspection. Assuming this contingency was in your offer, schedule a thorough inspection of the property with a qualified home inspector. We will assist you in identifying several inspectors to choose from.
The inspector should provide you with a written report detailing any flaws found in the home, including information about the severity of his or her findings. If severe problems are found, your contingency clause should permit you to cancel the contract without obligation.
Alternately, you may want to negotiate performance and payment for any significant repairs noted in the inspection. But also remember that no home is perfect and small repairs and maintenance issues should not derail the transaction or require another round of negotiations.
Request lawyer review. If specified in your offer, ask you lawyer to review your sales contract and then schedule his or her participation in your closing.
Finalize your mortgage. Make sure you have supplied your lender with all necessary documents and that your financing is in place for closing day.
Get ready to move. Moving may be the biggest job you face in buying a home. Review Step 9 to get a jump on these preparations.
Attend a final walk-through. A pre-closing walk-through is a final check to ensure that the home is in the same condition it was during the inspection, and to make sure all contracted items, such as appliances, are still in the home.
Prepare to pay closing costs. When you applied for your mortgage, you received a good-faith estimate of closing costs. As closing approaches, your lawyer will advise you how much money you will be expected to bring to closing and what forms of payment are acceptable.