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------------------------------------------------------------------------ Real Estate Guides Don't Jeopardize Your Loan Taking out a another loan, buying a car, or
making large credit card charges before you close can jeopardize your loan
commitment. Lenders run a second credit check prior to closing to check for
new charges. Time to Close Closing at the beginning of a month, the
lender will require you to "prepay" the interest on your loan from
the day of closing to the end of the month. Therefore the cash you need to
close will be more than if you close at the end of the month. Talk with your
lender about this. Buyers Remorse It's common for buyers to feel stressed or
remorseful during and after the purchase of a home, Educating yourself about
the buying process will help minimize "buyers remorse". You will probably forget it soon after you
move into your new home. Notify Services & Utilities Don't forget to contact services such as:
post office, insurance, movers, telephone, utilities, newspaper, etc. a few
weeks prior to you moving out to "change over" billing/mailing
addresses. Get a couple of written estimates from
movers on the services they provide for the costs of your move. Check the
local Yellow Pages to get quotes and contacts. Final Walk Through Do a final walk through as close to the
sign off as possible. Check appliances for operability. Test
outlets with a radio or test device. Turn on light switches. Check water
faucets and toilets. Make sure promised cleaning and repairs
have been completed. Check that all items included in the
purchase of the home(review contract) are present. For new construction, write down what needs
to be completed or fixed, have builder sign. Include the date when these
items will be completed. Closing Costs You will have to have your closing cost
"monies" deposited in escrow before you can close. Don't bring in a
personal check to pay. Money should be in the form of a certified check or a
money wire transfer. Check with your escrow officer. |
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Real Estate Guide |
