Bayer&Kaufman wants your closing to be as easy as possible: Here are our top 5 tips to ensure that your closing goes well and that you are in your new home as soon as possible.
1. Organize your documents!
Take the time to get everything together a few days before your closing, this will give you time if you need to track down that one last piece of paperwork. Your punch list might include: Home appraisal, home inspection, flood certification, proof of mortgage and homeowners insurance and proof of title search and title insurance.
2. Stay on top of your financing.
Be sure you have lined up your loan and have all your paperwork in well in advance of your closing date.
3. Review settlement statement (HUD-1) and understand fees prior to the closing.
Remember, if you have any questions, don’t hesitate to call us at 202-466-4747. We’re here to explain things to you. Your settlement attorney will answer any questions you may have about your settlement sheet.
4. Be sure all the home fixes have been done several days before your closing date.
Don’t wait until the morning of your closing to do a walk through.
5. Don’t buy that fabulous dining room set and pool table until after your home purchase is completed.
A large purchase may impact your debt to income ratio and affect your credit score, which is the last thing you need before settlement.