This is the final step. You’ve found the perfect house. You’re happy with your mortgage arrangements. Now it’s time to close the deal. Closing is a process where all legal and financial obligations, which were stated in your “Offer of Purchase”, have all been made.
There are many things to keep in mind for the closing to go smoothly. Here are the steps:
Give a copy of your purchase offer to your lawyer and have him or her go over the terms and conditions. To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
Meet all the conditions of the offer by a specified date.
A land survey is completed.
Complete all the various inspections including a home inspection.
Have your lawyer carry out title searches.
Your lawyer will check into taxes and liens.
Make sure you have made all the necessary payments, including a deposit.
Check to make sure all property taxes are up to date (lawyer).
Finalize all your mortgage paperwork (lawyer).
Arrange for utilities to be connected to your new home.
Confirm the purchase price, the balance of the deposit and any other adjustments by having your lawyer prepare a statement of adjustment.
