FIND THE PERFECT PLACE TO CALL HOME

What Buyers Can Expect

Buying a home, or any type of real estate, is a fun and exciting experience - as long as you have someone guiding you through the multitude of jargon-laden steps. As your Red 1 Realty Realtor®, my goal is to make the whole process easier while maximizing the chances we find the perfect fit for you. 

So, let’s start by walking through what you might expect on your journey to purchase property — just click through the icons below.

Closing Day & Moving In

If you have come this far, then this means that it is almost time for a “congratulations!” There are just a few loose ends to tie up.

Final Walk-Through Inspection

More of a formality than anything else, the final inspection takes place a day before, or the day of the closing. You will visit the property to verify that everything is in working order, is the same as when you last viewed the property, that there are no extra items left behind, and that everything included in your purchase is still at the property.

Home Services and Utilities

Your agent will provide a list of useful numbers for the activation of home services and utilities after the closing occurs.

Closing

The closing agent will provide all parties involved with a settlement statement, which summarizes and details the financial transactions enacted in the process. You and the seller(s) will sign this statement, as well as the closing agent, certifying its accuracy. 

If you are obtaining financing, you will have to sign all pertinent documentation required by the lending institution. 

If you are unable to attend the scheduled closing, arrangements can be made depending on the circumstances and the notice received. 

If you are bringing funds to the transaction, you can elect to either have the funds wired electronically into the closing agent’s escrow account or bring a certified bank check to the closing in the amount specified on the settlement statement. 

The seller will arrange to have all property keys and any other important information for you at the closing so that you may receive these items at this time.

Moving In

The contract terms will determine when you can move in after closing. In some cases, it will be immediately after the closing appointment. You will receive the keys and head straight to your new home. In other situations, the seller may request 30, 45 or even 60 days of occupancy after the closing of the home.

Keep the following in mind as you approach your closing:

  • Compromise is important when determining your moving date. Buyers generally might be expected to give the sellers 7 to 10 days to vacate the home after the closing date. Sellers may want more time in the home, but they can compromise by securing a place to stay for the short-term while they finalize their own situation.

  • Your occupancy date cannot be changed once it is set. It is essential that the moving date is established in the contract terms. Once both parties have signed the purchase agreement, the moving date is finalized. A buyer or seller cannot come to the closing appointment and expect to change the date of occupancy in the home.

  • A lease back occurs if the sellers seek to occupy the home for a specific period after the closing. When this situation occurs, the sellers often will have to pay the buyers rent. The buyers are ultimately responsible for the finances of the home, which is why rent is expected from the sellers.

Ready to Start Your Journey to Property Ownership?  Contact Andrea!

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