You’ve found the perfect home and your offer has been accepted by the seller, congratulations! However, the process isn’t over yet.
There are still several important steps that you’ll need to take before you can move into your new home.
In this article, we’ll discuss what you can expect next and what you should do to ensure a smooth home-buying experience.
1. Get a Home Inspection
The first thing you should do after your offer has been accepted is to schedule a home inspection. This will give you an idea of the condition of the property and identify any potential issues that may need to be addressed before closing.
2. Review the Home Inspection Report
Once the inspection has been completed, review the report carefully and ask any questions you may have. If any issues are identified, you’ll need to decide if you want to ask the seller to make repairs or if you’re willing to take on the repairs yourself.
3. Review the Title Report
The title report will provide you with information about the ownership history of the property and any liens or judgments that may be attached to it. Review the report carefully and ask any questions you may have.
4. Review the Property Survey
The property survey will provide you with information about the boundaries of the property and any encroachments or easements that may be present. Review the survey carefully and ask any questions you may have.
5. Get Homeowners Insurance
You’ll need to get homeowners insurance before closing to protect your new home.
6. Review the Closing Documents
Before closing, you’ll need to review the closing documents carefully and ask any questions you may have. This includes the purchase agreement, mortgage documents, and any other documents that need to be signed.
7. Get a Moving Plan
Make a plan for moving and take into consideration the timing of the closing, the availability of movers, and the organization of the move.
8. Beware of Scams
Beware of scams in the mail instructing you to pay for real estate insurance or a recording notice. All fees are paid through escrow, though you will likely be responsible for supplemental property taxes to the county. Don’t fall prey to these scams.
By following these steps, you’ll be able to ensure a smooth home-buying experience and make the transition into your new home as seamless as possible. Keep in mind to always stay in communication with your real estate agent, lender, and closing attorney, as they will be able to guide you throughout the process. Additionally, it’s important to be aware of the closing costs and to budget accordingly.
Finally, take the time to enjoy the process, it’s a big accomplishment and a huge step in your life, savor the moment and plan for the future in your new home!
Written with the help of ChatGPT.
“SELFi started with a simple idea: to help homeowners obtain the lowest interest rates on their mortgage. That’s it.”