You've just purchased your new home. Now, it's time for closing. You're wondering what to expect. Here are a few tips to help you have a smooth closing, and that you, the buyer or seller, are well prepared.
The following to-do list can help save you a few headaches and keep the closing on track:
- Keep extra money in your account. Something unexpected can pop up during the closing that will require more money out of your pocket. Take your checkbook. Even better, find out how much you will need to pay and write a certified check for the total amount.
- Take your loan commitment letter. Use it to verify loan approval in case of a mistake or misunderstanding with the lender.
- Take your contract to purchase. Pull it out if something a little suspicious comes up.
- Take your personal ID. A driver's license or other personal identification will due.
- Do a before-closing inspection. It is always a good idea, when possible, to walk through the property to make a list of any problems.
- Utilities. Arrange in advance to have the water and electric meters read on closing day and the service switched to your name to prevent interrupted service. The same applies for the fuel tank.
For information on closing procedures and closing costs please contact CENTURY 21 Scheetz
