You’ve found the perfect home, your offer was accepted and you’re inching toward closing day. As excited as you may be, it’s hard to shake the feeling in the back of your mind that something could still go wrong.
There are a variety of questions to answer as you prepare to close on your home, including but not limited to, the following:
- Are you comfortable with the outcome of the home inspection? If the answer is no, stop now and consider your options. For example, if you had an inspection clause in your contract, you can walk away from the deal if you’re not comfortable. This may be the case in the event of a serious problem, such as a cracked foundation or mold.
- Do you have your financing in order? It’s not good enough to assume that everything is going smoothly concerning your loan. Stay in constant contact with your lender to ensure that they have everything they need and that the terms and conditions you agreed to are still in place. For example, you don’t want your lender to increase your interest rate at the last minute.
- How much money do you have to bring to the closing table? If you don’t know the answer to this question, you could end up with a cashier’s check that doesn’t cover all of your costs. Closing costs include things such as prepaid taxes, title insurance, recording fees and credit report charges. When you know exactly how much money you need, you can secure it a couple of days in advance to take one more thing off your plate.
Give yourself peace of mind
Buying a home is a big decision, so the last thing you need is unanswered questions running through your mind and making you nervous. When you address the above questions, among many others weighing on you, it’s easier to walk into your closing with a clear mind and confident approach.
You want everything to go as planned so you can put your closing behind you and enjoy your future in your new home.