The closing process is one of the most important aspects of purchasing a new home. It's a life-changing event and if you're reading this because you're starting the process — congratulations! It's the final step of a long journey and comes with a variety of measures to make the entire transaction legal and usually ends with a set of new keys in your hand. The ceremony of events includes the signing of documents and payments. It can take quite some time. Each part is essential, and understanding what you are getting yourself into will make the entire process run a bit smoother. We've answered some of the most common questions about the closing process.
For many years, the U.S. housing market has been climbing at a steady pace. Recent reports are highlighting changes, and in 2018 the purchase and sale of homes has reached a peak. There are a few contributing factors to the plateau such as tariffs on building materials and mortgage rates. Specific pockets of the country are being hit harder than others. So, what does this mean for home buyers and sellers?
It’s expected that shopping for a home can take some time, but many homeowners don't plan for the closing process. The closing proceedings involve the exchanging of titles, documents, and money to secure the deal for both the buyer and the seller. It's an arduous process but a necessary one designed to protect the sale of the home. This final step requires some refinement if you don't want to get stuck in a back and forth between you and the seller. There are a few tips we have to help you make the closing process smoother.
If you're a first-time buyer setting out in the real estate market, there are a few pitfalls you'll want to side-step. Buying a home, especially for first-time buyers can look daunting. The process is long, but the outcome can be advantageous. Making a substantial purchase with little experience is intimidating, but a little preparation will make a considerable difference. We've outlined some areas buyers should consider while they are looking for their first home.
With the housing market on the rise and the mortgage rates favorably low, many individuals and families are investing in new homes. Everyone's dream house will look a little different, but it's important not to get wrapped up in the aesthetics. There are certain aspects you should never overlook when buying a house. You want to confirm the money you are putting down won't drain the bank with additional and avoidable repairs. We've compiled a list of some of the areas that every buyer should inspect before purchasing a new home.