walkthrough is a last chance to see your future house before you buy it. Further, skipping the final walkthrough is a commonly reported reason for closure delay. It’s typically scheduled 24 hours before the closure. The property should be in the condition specified in your sales contract. You may inspect for any changes made subsequent to the home inspection, or for pest inspections. Confirm that everything is in order and decide if any additional repairs or replacements are necessary.
Step 9: Set the Time and Date of the Closing
The closing time and date are negotiable factors during the offer and acceptance phase of a home sale transaction. When making an offer, the buyer will include a closing date; depending on the seller’s situation, it might be acceptable or be countered with other terms. Don’t choose a date casually. The right date can ensure a smooth closing and reduce closing costs; the wrong date puts you at risk of not closing on time, needlessly complicating the move, increasing expenses, and even losing your new home. Expenses are prorated through the closing date rather than through a specific calendar date, so, generally speaking, no day of the month is inherently better than another to close. However, if you’re using a mortgage, there are some differences in what is collected as a prepaid item and when the first mortgage payment is due.
Some advice and tips:
• Give yourself enough time. Don’t set a short closing date
171
Powered by FlippingBook