Your buying your home and closing on the house. It’s the moment you’ve been waiting for, the one that makes everything official. As far as homebuying goes, it’s the summit of the mountain.
Like any important event, you’ll probably be a little nervous beforehand. If your Realtor® is on top of their game, they will have walked you through what to expect and what to do, but just in case you want to make sure all your ducks are in a row, here are five essential steps that will prepare you for closing day.
- Double check with all the parties involved. Don’t be afraid to be a pest. Check and double check with your loan officer and real-estate agent to make sure you know about everything you'll need. Go over all the paperwork you have and double check with them to see if you need any more documentation. This might seem a little neurotic, but when it comes to real estate closing, it's better to be safe than sorry.
- Review documents for your loan in advance. Your lender will be sending you your Closing Disclosure 3 business days before closing. You should review the disclosure to make sure the loan amount, loan type, loan terms, interest rate, monthly payments, and if there is a pre-pay pentalty and other key details. And when you do, take the time to compare it with the estimate you received when you applied for the loan. Ideally, you should have read and signed these by the time you arrive at the house closing.
- Bring a certified check. This isn’t just any check, as you must go to the bank and pick one up. Some buyers believe a wire transfer will do just fine, but these can actually create a delay no one wants to deal with. Also, be sure you have a photo ID and any other documents the lender has asked you to bring.
- Take the entire day off. Allow for human error, either on your end or the seller’s. In a perfect world, the entire procedure will take 45 minutes. If it does, go out for a bit to eat and celebrate. Or take a nap and let the stress melt away!
- Schedule with a moving company. As soon as you close and know what day you’ll be moving, get a mover on the books. Their schedules fill up quickly, especially during the busy season.
If you’re looking for more tips that will make finding that perfect house easier than ever, talk to a Coldwell Banker Hedges Realtor® today. They have the experience to guide you through the entire process.