In today’s changing market, there’s more to a successful
closing than just getting the offer accepted. Make sure you have an
agent capable of guiding you from start to close!
Once you've made an offer on a home and all contingencies have been met by both parties, closing on the property becomes final. Closing costs are generally 4% of your loan amount, but this can vary. To help get a sense of what's left to be done, here are 10 steps involved in closing the deal:
- Draw up a purchase offer with detailed contingencies in place
- Seller accepts the deal or counteroffers with contingencies and price changes of their own
- Submit your deposit, also known as "earnest money"
- Apply for your loan if