You’ve made it through the home-buying process, from finding the perfect home, understanding the financing and tax implications, to making an offer. Now it’s time to close the deal and take ownership of your new home. In this final section of our Home Buyer’s Guide, we’ll walk you through the steps to close the deal and ensure a smooth transition into homeownership.
Final Walkthrough and Inspection:
Before closing, schedule a final walkthrough to ensure that the property is in the agreed-upon condition, and any agreed-upon repairs or changes have been made. Don’t skip this step, as it’s your last chance to address any issues before taking ownership.
Review Closing Documents:
Carefully review all closing documents, such as the Closing Disclosure, which outlines the final terms of your loan and closing costs. Make sure you understand all the fees and charges before signing any paperwork. If you have questions or concerns, consult your real estate agent or a real estate attorney.
Prepare for Closing Costs:
Closing costs typically range from 2% to 5% of the purchase price and include various fees like loan origination fees, appraisal fees, title insurance, and more. Make sure you’ve budgeted for these costs and have the necessary funds available.
Attend the Closing Appointment:
At the closing appointment, you’ll sign all necessary documents, finalize your mortgage, and transfer the title. Once everything is signed and the funds have been transferred, you’ll receive the keys to your new home!
Congratulations! You’ve successfully navigated the home-buying process and are now a homeowner. It’s time to celebrate and start making your new house a home.
As you settle into your new home, remember that our team is here to support you. Whether you have questions about homeownership, need assistance with property management, or are looking to buy or sell in the future, we’re just a phone call or email away. Reach out to us at any time, and let us help you make the most of your real estate journey.