1. Prepare for Closing Day
Before closing day itself, there are a few things you need to do. If you plan to get a loan, you will need to review your documents thoroughly. This means reviewing your Closing Disclosure Statement. This form breaks down what your mortgage payments will be, additional fees, and closing costs. Next, walk through the home one last time. Be sure that the home is in the agreed upon condition and that any repairs that were promised have been made.
2. Gather Paperwork
You will need to gather all the important paperwork before closing day. This means homeowners insurance, a copy of your contract, any bank required papers, photo ID, and your home inspection reports as well. Be sure to bring your down payment. This will need to be in the form of a cashiers check. You should also bring a personal checkbook for any other fees that might come up at the closing.
3. Close on Your New Home!
Before you officially become a homeowner, lenders will require a title search. This ensures there aren’t any issues with transferring the title of the property to your name. Now, you will sign papers. A lot of papers! Congratulations, you own a home! Be sure to keep all the paperwork in a safe binder or folder.
First time home-buyers to empty nesters looking to downsize, Jessica and Sarah are ready to help you become homeowners! Contact us today to get started on the home buying process.