The closing process is the last step to purchasing or selling a home. The process can often be intimidating because of how much legal paperwork there is involved. In this article I'll walk you through the process so that the closing process will go much smoother for you.
1) Homeowner's Insurance
Insurance is always necessary to get the mortgage. Remember to get homeowner's insurance and bring proof to closing.
2) Gather All Your Paperwork
Make sure you have all your paperwork in place the day before closing. Review all your paperwork to make sure that everything is in order.
3) Have Your Inspections Completed
Have the property inspections completed when you come to escrow. If there are any repairs that are necessary, make sure they're in writing.
4) Have Title Insurance
It's important to get title insurance for your home purchase. Title insurance insures that the title on your property is clean.
5) Get Approval of Mortgage
At this point, your mortgage should be approved so that you can get your loan to pay for your new property.
6) Bring Your Cashier's Check
The amount necessary for closing the on the property should always be on a cashier's check.
7) Clear All Contingencies
At this point, all contingencies and clauses should be cleared so that you can go ahead with the transfer of the deed.
8) Understand Your Closing Costs
Before closing, it's important to have a good idea of what your closing costs are. It's also important to know who will pay the closing costs. Unless otherwise stated, usually the buyer pays the closing costs.
Following these tips should make the whole closing process go much smoother for you. Remember to talk to your real estate agent and your loan officer about the closing process, as they've both been through the process many times.
There is a lot of free information available to you about buying, selling or investing in the Columbia South Carolina real estate market. For complete information about the real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything real estate at . Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at or email me at .