• Make your closing align with the actual move from your old residence to your new house. Ideally, your move should be from one to the other without a hotel stop in between. • Arrange with your local utility companies to ensure they can start service on the closing date. Living without water, heat, air- conditioning, or Wi-Fi until they are activated is unnecessary — not to mention unpleasant. • Mortgage payments are almost always due on the first day of the month and the payment is for the preceding month. As an example, if you close in July, your first payment is due on the 1st of September. However, interest is due for the month of July from the date of closing. If you close early in the month, say on the 10th, you would have to pay for 21 days, but if you close on the 25th, you would have to pay six days of interest. If money is tight, closing toward the end of the month will reduce your immediate out-of-pocket expenses. If you schedule a closing and fail to complete it on that day, there are consequences. You’ll face increased closing costs the next month, in addition to any penalty for the delay. Although most sellers will work with you if the transaction does not close on time, failure to close opens the door to canceling the sale, which may occur in a seller’s market in which the seller may have taken backup offers that are potentially better than yours. Closing in California is done by the Escrow Company, where the buyer has to go to sign the Grant Deed to be recorded. They will take care of receiving and disbursing the payments, take care of Title Insurance, Home Insurance, Warranty Insurance, etc, and to send all documents to be recorded on the County Registrar.
#9. Be Present at a Walkthrough
A final walkthrough is a last chance to see your future house before you buy it. Commonly, it’s scheduled 24 to 48 hours before
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