Finally, that day has come for you to secure that new home of yours. The last thing you want is any more large surprises. But if you are not careful, surprises could be in store. There are things you need to watch out for to ensure that your closing day goes as well as you want it to. The following is a few things you will need to keep your eye out for. If you do, your closing day will go smoothly.
No Surprises for Me, Thanks
- Not enough cash
One thing you do not want to happen is that you show up but realize you do not have enough cash to pay the closing costs. So you need to make sure you have enough money to cover whatever costs there will be, sometimes it runs into the thousands. But you also need to make sure you have the funds in the proper form that they will accept. If they dont want cash, then dont bring cash, it is as simple as that. The last thing that needs to happen though is a delay because you do not have the money to seal the deal.
- The Final Walk Through
You had previously walked through while the former family was still in the house and everything appeared to be in order. So now it is time to walk through the door when it is empty. This is where you need to pay extra attention to any cracks, chips, holes, or whatever else you may find. This way you can find out what needs to be repaired, and then negotiate on a price with the seller. You do not want to be stuck paying the entire thing by yourself.
- The House Needs to Be Empty
Along those same lines as the previous point, you need to make sure the house is still not lived in. If you are closing you need the original owners to be out completely. Since it is about to become yours, you do not need them sticking around late. Plus, whatever happens while they move out in now under your watch and your dollar.
- Second Thoughts
Remorse is only natural in some cases, so watch out. You do not want anything to hold you up, if you truly want this house. But you need to make sure it is in your best interest, and then let nothing hold you back.
Welcome Home!
Those two words will be great to say when you have entered your new home. So go get that home of your dreams. Just be aware of troubles that may arise, because you will be able to conquer them easily. Then that house will be yours, and you can relax. Everything went according to plan.
Additional Resources:
closing costs, closing day, closing tips, Mortgage, Mortgage Payments, mortgages, RefinancingRead More...
[Source: Mortgage Blog]
No comments:
Post a Comment