would have to pay six days of interest. If money is tight, closing toward the end of the month will reduce your immediate out-of-pocket expenses. If you schedule a closing and fail to complete it on that day, there can be consequences. You’ll face increased closing costs the next month, in addition to any 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 canceling the sale. This is most likely to occur in a seller’s market, in which the 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 house before you buy it. Commonly, it’s scheduled 24-48 hours before the closing. The walkthrough is to make sure the house is in the same condition as when you last saw it. It is to make certain all items that are included in the contract price are still there, to make sure there was no damage created by the seller's moving out. You may want to click on the furnace and check under sinks for leaks. Check if everything is in working order and according to contract. If there’s an issue, depending what it is, it can usually be taken care of before the closing. For a more serious issue, the closing may need to be delayed or postponed.. Don’t skip this step.
#10. Get Ready for Your Closing Day
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