Before you can finally move to your new home, watch out for these “before closing” checklists to make your move easy and less of a problem.
1. settle Contingencies
Below are the most common contingencies. You must resolve them in the first Offer to Purchase before you finalize the transaction.
- Home inspection contingency
- Appraisal contingency
- Financing contingency
2. Clear the title
The title establishes legal ownership, which is supported by public land records in the area. Your mortgage lender will require a title search as part of the closing process, and you’ll need to buy title insurance to protect yourself from legal claims on the property.
3. arrange Utilities
Make arrangements for your gas, electric, water, phone, internet, and other utilities to be fully functioning on the day you move in.
4. settle Final Mortgage Approval
Your mortgage lender will examine your credit score and finances during the underwriting process to ensure that they’re correct when you were pre-approved for the loan.
5. ReAD AND EXAMINE the Closing Disclosures
This formal document spells out your actual mortgage payments, the loan’s terms, and any closing fees. To ensure there are no problems, the buyer must sign the CD before the deal is completed.
6. NOTIFY A Change of Address
Get a change of address form from your local post office to notify them of your relocation.
7. GET Moving Services IN PLACE
Arrange a moving truck service and schedule it for the day you move into your new home.
8. Property Title SETTLEMENT
Your mortgage lender will require your title search as part of the closing process. Apart from that, you’ll need to buy title insurance to protect yourself from legal claims on the property.
9. HAVE A FINAL Walk-Through of the Home
The final walk-through usually takes place within 24 hours of the closing. Additionally, it allows the buyer to verify that the seller did not alter the property when the seller accepted the offer. Take the time to double-check that all repairs are complete and that all items listed in the Offer to Purchase are correct.
10. BRING CLOSING DOCUMENTS
Before you can finally settle into your new home, you must bring the following closing documents.
- Homeowners insurance proof
- A copy of your purchase agreement with the seller
- Reports on your home inspection
- Any paperwork necessary by the bank to approve your loan
- A government-issued photo identification card
Also Read: The Home Buying Process Roadmap