6 Tips for Closing on Your New Home

Tips for closing on your new home before signing

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You have the home you want, the mortgage approval and are even preparing for the move, congratulations! But before you pack it up and pack it in, find out what you need for closing on your new home.

In a perfect world, closing on your new home would be a simple formality, but in the real world, closing on your new home requires vigilance on your part. So be prepared with these tips for closing on your new home.

Tips for closing on your new home #1

Ask every question you have

In the presence of the home sellers and your lawyers, make sure you ask every question you have on your mind. Communication is key to a successful closing (and a good relationship, but I digress).

“A week before closing on your new home, speak to your lawyer and ask him or her what you can expect. Make sure they have everything they need to ensure that the process runs smoothly,” says Randall Weese, Broker of Record for Commonsense Network brokerage. Do your homework.

Tips for closing on your new home #2

Remember that everyone involved is human

Don’t assume that everyone knows exactly what they’re doing; at the end of the day, we are all human and susceptible to error. It is in your best interest to ensure that you have all the necessary documents.

Make sure that you get the facts and have all your paperwork in order so that everything goes quickly and smoothly.

Tips for closing on your new home #3

Review loan documents beforehand

At least 24 hours before closing, you have the right to see the loan documents with your lawyer so that you may review them and ensure that everything is in the right order.

“You should be able to look at everything in-depth before you sign it,” Weese says. Don’t just sign on the dotted line and take the keys; take the time to read and understand what you are signing.

How to close on your new home smoothly

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Tips for closing on your new home #4

Know the amount you owe

There is a good chance that you are going to need a certified check at the closing on your new home, so this is another reason why looking over the loan documents is a phenomenal idea.

Make sure you figure out exactly how much you owe at closing and bring the right amount of money. As well, don’t forget about bringing picture ID and a copy of your homeowner’s insurance policy.

Tips for closing on your new home #5

Devote the day to closing

Murphy’s Law exists for a reason and what can go wrong will go wrong, so it would serve you best to devote the entire day to closing. Even if things go incredibly smoothly, there may still be delays, so don’t attempt to get this deal sealed over your lunch break.

Tips for closing on your new home #6

Expect the unexpected

You have no idea how much damage forgetting to carry the one can do. You will be told that everything is ready to go and that all you need to do is sign on the dotted line. This is a line, you need to do more than that.

Look over the numbers and make sure that human error didn’t take its toll on the document before you give your John Hancock. If you want to ensure that the deal gets closed on that day, start the meeting early on so that any issues could be dealt with before end of day.

If you’re ready to buy a home, visit ComFree.com today.

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