Page 69 - The Latest Homebuying Guide

www.thelateshomebuyingguide.com

Step 10- Close the deal
Up to this point, you have spent time, which could be from a few
months to a few years, doing everything to get your dream home,
first home or another home. You got your financial house in order,
built your success team, and got approval for a loan. You searched
and found a home that fits your budget, and that you have fallen
in love with. Your offer was accepted, the house passed the
inspection and the final walkthrough met your expectations.
Congratulations, you have arrived at one of the most critical points
on your journey. You are about to hand a hefty check to the seller
and take the keys to your new home. This is when you become the
legal owner! This is the final step!

As stated previously, use the expertise, knowledge, and experience
of your team to ensure that everything is done right. The closing is
not only important for you, it is also very important for them. They
have a huge motivation to make sure everything ends well.

How to have a smooth closing
Many things can go wrong before and during the closing moments.
The last thing you want is to fall in love with a house and lose it
because of foolish behaviors. So be prepared! Make sure all
contingencies are taken care of. These include inspections,
financing, appraisals, and repairs.

Extra tip - Preserve your credit and financial status, especially before
closing. Do not take out any new loans or extended credit facilities.

What happens at the closing?

1. You sign a bunch of documents

2. You hand over a check for the home and closing costs

69