From new home construction to buying a quick delivery custom home, you will eventually come to the closing part of the home buying process. While this means the end is in sight it also indicates the point where all the idle talk stops and the negotiations get serious. This is where you sign on the dotted line, make the down payment and get the keys so it is important to prepare carefully for this momentous occasion to ensure everything runs smooth and no mistakes hold up the closing. At By Carrier we want you to be able to move into your new custom home as soon as possible so we offer a few tips that will make closing on your new Connecticut home a little easier.
Prepare
As the closing gets closer it’s important to stay organized and keep track of everything that involves the realtor and loan officer. Specific documents will be necessary in order for loans to be approved and mortgages signed and you don’t want to lose out on the home of your dreams because of an oversight. Staying in touch with your realtor, even on a daily basis, is recommended during the closing so you stay on top of the process and ensure nothing falls through the cracks.
Review
By law, you have the right to review the closing-settlement statement (HUD-1 form), 24 hours prior to the closing. There’s no reason why you would not want to review this document, and perhaps have your attorney look it over, so don’t be afraid to ask your lender for these documents before the closing. Many new home buyers get anxious as the closing approaches and rather than be patient they end up rushing into a signing. Take your time and review all the applicable documents thoroughly to ensure you are getting the deal you agreed to.
Give yourself some Time
Some realtors recommend taking the day off when you are closing on a home. A closing can be done in 20 minutes or it can be held up for any number of reasons and if you plan to get it done on your lunch break you may be in for a surprise. It’s hard to anticipate how a closing will go so it’s always a good idea to leave yourself enough time to handle any unforeseen obstacles. By giving yourself some breathing room you will also be more relaxed and will be less likely to make a hurried decision you may regret later.
For more information contact By Carrier
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