seller may have taken backup offers that are potentially better than yours. Closing can be held in any agreed-upon location. For example, at the attorney’s office, or at your lender’s or title company’s offices.
9. Be Present at a Walkthrough
A final walkthrough is a last chance to see your future home before you buy it. Commonly, it’s scheduled the morning of the closing or within 24 hours. The property should be in the condition that’s specified in your sales contract. You may inspect for any changes made after the home or pest inspections. 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 can be submitted to the escrow account. Don’t skip this step because missing the final walkthrough is one of the reasons 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 for down payment closing costs, and prepaid interest. Several people could be present at the closing, e.g., your attorney, a seller or seller’s representative, seller’s attorney, real estate agents (both yours and seller’s), lender’s representative, a
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