Welcome to the final part in my Homebuying Process Series: Closing Day and Beyond.
In Part 1, we discussed getting ready for homeownership: optimizing your credit score and determining how much house you can afford. In Part 2, we discussed finding the right property: window shopping, finding the right realtor for you, and making an offer. In Part 3, we discussed all of the steps of being under contract.
Closing Days are like weddings, so much preparation, many helping hands, and the start of a new chapter in your life. All you got to do now is sign all the docs!
Closing Day is dictated by the lender and title company. Once you're cleared to close by the lender, the title company puts you on the schedule. Things to bring to a closing: your ID card and funding to close the transaction. Your title company will let you a few days before how much to bring to closing. Should there be any last minute hickups with lending (please no changes to your spending or credit!), your realtor can help you navigate. You're allowed to take possession of your new home once funding has cleared or as dictated on the contract.
Besides coordinating the move, changing your address, decorating, and setting up utilities, consider these few suggestions. Confirm that your insurance is active and reflects the correct start date. Weatherproof EVERYTHING. I have even heard of new home owners re-caulking to ensure they have a fresh start. Keep the original documents and warranties in a safe place. And be sure to refer your realtor to your frends :)
Stay tuned for my next series: Selling Process Series, where we take an in-depth look at all the steps it takes to sell a home.
Questions? Comments? Contact me :)
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