on time, failure to close opens the door to canceling the sale. This is most likely to occur in a seller’s market, where the seller may have taken backup offers that are potentially better than yours. Closing can be held in any agreed-upon location, such as the attorney’s office or the offices of your lender or title company.
#9. Be Present at a Walkthrough
A final walkthrough is a last chance to see your future house before you buy it. It’s typically scheduled 24 hours before the closing. So you know, the property should be in the condition specified in your sales contract. You may inspect for any changes made after the home or pest inspections. Could you check if everything is in order and if any additional replacements are necessary? If there’s an issue, the closing day could be shifted, or, upon agreement, the repair costs will be submitted to the escrow account. Don’t skip this step because missing the final walkthrough is one reason for closure delays.
#10. Get Ready for Your Closing Day
Now, you have run the escrow marathon and survived all the possible obstacles in your way. It’s finally time to sign the papers and get the keys to your new home. Prepare all the paperwork that you’ve collected during the process. This includes the title search and insurance, inspection reports, bank statements, home appraisal, checks of down payment closing costs, and prepaid interest.
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