you would have to pay six days of interest. If money is tight, closing toward the end of the month will reduce immediate out-of-pocket expense — this is part of why the end-of-month period is so busy for agents! If you schedule a closing and fail to complete it on that day, there are consequences. You will face increased closing costs next month, in addition to any contractual 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 cancelling the sale, which may occur in a seller’s market if the seller has taken backup offers — offers that are potentially better than yours. Closing can be held in any agreed-upon location. For example, at the lawyer’s office, or at your lender’s offices.
#8. Be Present at a Walk-Through
A final walk-through is a last chance to see your future house before you buy it. Commonly, it is 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 or pest inspections. Confirm that everything is in order and decide if any additional repairs or replacements are necessary. If there is an issue, the closing day may be shifted and the repair costs submitted. Do not skip the final walk-through: missing the final walk-though is a commonly reported reason for closure delay.
#9. Get Ready for your Closing Day
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