After all of the searching and effort that it took to find your dream home, it is finally closing time and you are almost a new homeowner! Closing on a home is an exciting time, because you are seeing your dreams turn into reality. But, it can also be a stressful time as well, especially if this is your first time to buy a home and you don’t know anything about the closing process.
It is not uncommon for small problems to pop up during a home closing, which is why you need to prepare in advance. Here are a few things to consider to make your home closing a breeze:
Prepare in Advance
It is stressful to be rushing through paperwork on the day of the closing, and a rushed job will increase the changes that something will be missed. You need to make sure that you have all of the necessary paperwork and your signature has been placed in the right locations. When you are closing on a home, you will need:
- Mortgage agreement paperwork
- Inspection reports
- Home appraisal
- Estimates or reports for the home
- Ownership transfer contract
- Any other applicable documents
Even if you don’t use every piece of information that you bring, it is better to be over-prepared to make sure that you can avoid any potential delays. These documents should be assembled at least a few days in advance, to ensure that you have time to collect any additional information if needed.
Real Estate Agent Support
Many people look at the stacks of paperwork and feel completely overwhelmed at the idea of sorting through everything and understanding the implications of each document. Instead of trying to go through this process on your own, it is much easier to have a trusted real estate agent by your side. An agent is familiar with the process and they understand the steps that are occurring, helping you to have a smoother sailing through the closing.
Some home buyers want to save money by skipping the real estate agent and trying to handle everything on their own. But, a do-it-yourself approach can be a big mistake for such a significant purchase, and you would be smart to have a real estate agent available to help. If you are concerned about the costs, find an agent who charges a flat-fee commission instead of the standard percent commission structure.
Negotiate Closing Costs
Closing costs are unavoidable, but there are ways to minimize the fees associated with the closing when you are buying a home. Talk with your real estate agent to assess the closing costs that you will be paying, and identify the costs and are really necessary. You can view a list of fees that you will be paying so that you can see the breakdown of costs.
Are you ready to buy a home? Call Duffy Realty of Atlanta, and we will help every step of the way: (678) 318-1700