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SO YOU'VE DECIDED TO BUY A HOME... Part 5
Closing the Deal
You found a home you want to purchase, you made an offer and it was accepted, it passed inspection and your option period has passed without any glitches.
Tip...If your closing date is near the end of the year, make sure to speak with your accountant . They may be able to identify future savings tied into owning a home, and might recommend a specific closing date for tax purposes.
Be sure to calculate and re-calculate all of your closing costs to avoid any surprises. Costs generally range between 2% and 7% percent of the purchase price of the home.
Prepare a walk through to ensure the seller has completed all repairs specified in the contract agreement, and any other contingencies, as well.
You are now ready to close the deal. Closing day is when the seller officially signs the house over to you. Before signing any paperwork have your agent or the escrow agent discuss each detail and ask questions about anything you do not understand. When you are able to take possession of your home should have been pre-determined, and it could take anywhere from 5 to 105 days to move into your new home.
As Buyers you should feel comfortable throughout the home buying process. Even if you don't choose to use Exceptional Realty ... more
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