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CLOSING THE DEAL
You’re about to be a Homeowner!
Final Walk-through
Ideally 24 hours before closing, conduct a final walk-through of the property.
Ensure that the premises are left in the agreed-upon condition. Are the
appliances present and in good working order? Is the home in broom-swept
condition? If you are purchasing new construction, you will prepare a punch-
list detailing any finishing touches that must be completed before closing.
Take your time; once you close, you will no longer have any claim.
Ensuring a Smooth Closing
Don’t forget your photo ID! You will need it in order to close the deal.
Come prepared to write numerous checks, as the various closing fees
and escrows will need to be paid to different parties. Additionally, some
closings require a bank check for the down payment, so be sure to inquire.
Most lenders ask to see copies of any required insurance, such as home-
owners and flood insurance, as well as proof of payment at the time of
closing.
Allow several hours to close. Although a smooth closing may take less
than an hour, unexpected circumstances do occur and can delay the
process. Anticipate the possibility and clear your schedule accordingly.
2020 Lakewood Home Buyer’s Guide | 97
