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About to close on your first home? This is what you need to know

On Behalf of | Jun 16, 2020 | Uncategorized |

Remember as a kid how you saved your pocket money to buy the latest comic, the latest single or your very own hamster? Can you remember how hard you saved, how carefully you counted your pennies, and how hard you thought before handing over your coins?

Buying your first home is much the same. Only this time, it’s not pennies you’re spending, but dollars, and lots of them.

Buying a house can be intoxicating, nerve-racking and mind-boggling all at once. Amid all this, it can be hard to remember to do everything you need, especially if you have never done it before.

These are some things you need to check before you sign on the dotted line:

  • Do you have the money in place? Is your mortgage ready? Have you checked the terms and conditions and final interest rate? Did you complete the loan application forms with up-to-date information on your earnings?
  • Are you buying the house you thought you were? As you prepare for your last walkthrough, have a list of anything you need to check or ask. Ensure you have all the inspection reports carried out.
  • Is the paperwork ready and in order? Last-minute document hitches can delay closing and cost you money. Ensure you bring the necessary documents and have your attorney check the legality of the title deeds.

When it is time to close on your new home, an experienced real estate attorney can help you walk away with the keys to your new home.