CHAPTER 10 The Closing Process Or: The Finish Line—Don’t Trip Now!
Congratulations! You’ve navigated the twists and turns of buying a home, and now you’re about to cross the finish line. Closing on a house is exhilarating, but it can also feel like running a marathon where someone keeps adding hurdles. No worries—I’m here to help you clear them all. Before we dive in, here’s the golden rule: don’t make any big financial moves before closing. That means no major purchases, no new credit cards, and absolutely no quitting your job. Lenders re-check your finances right before closing, and you don’t want any last-minute surprises that could derail the deal. First Things First: Escrow and Utilities In New Hampshire, the listing brokerage typically holds the escrow funds. These funds include your earnest money deposit and are managed until the transaction closes. While escrow may seem like a minor detail, it plays a critical role in ensuring all funds are properly disbursed to the appropriate parties. Meanwhile, setting up your utilities is something you should arrange before closing day. You don’t want to move into your new home only to discover there’s no water, electricity, or Wi-Fi. Coordinate with your local utility companies to have services activated on your closing day or earlier if allowed.
It’s a small step that makes a big difference.
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