09/21/2023
We all know that when starting your house search you start looking at houses and write the offer on the one you like. But what happens after that? Here are 6 steps to closing that can help you understand the process in your next home purchase!
1. Put down your earnest money. Earnest money is good faith money that shows the seller you’re serious about purchasing the home. We usually recommend $500-$1000. Your earnest money will be help in an escrow account and will be a credit to you at closing.
2. Schedule your home inspection. This is one of the first things we’ll do, so we have plenty of time to review and ask for any repairs from the seller that need to be done. This will cost anywhere between $400-$600.
3. Once you are out of the inspection period it’s important to get your appraisal ordered so we can stay on track for the estimated closing date.
4. Turn on utilities. A few days or day or closing you will want to contact utility company’s and either schedule a time to have utilities turned on or transferred into your name. This will usually include, electric, internet, trash, water etc.
5. Have your final walkthrough. This is a final “inspection” of the home. We are just checking to make sure all items we asked to be repaired were completed, sellers didn’t knick up walls when moving out and the structure has no new damage.
6. Last and final step is to close on your new home!! From there, you’ll get the keys to your new home and you can officially move in!! 😊
As always, reach out to me or your favorite realtor with any extra questions! Have a great Thursday!