Are you in the process of buying property in Livermore or Dublin Ca? If so, it may be daunting trying to figure out what you need to do before closing on your new home in these areas. You want to make sure sure you are well prepared and have all of your affairs in order before taking the plunge. So, below is a list of hot tips that will help you feel more secure in closing on your house in sunny California.
- Mortgage Approval
This is so important! Approval and pre-approval are not the same thing, so make sure you are still being careful with your money. This is because your financial situation will be tracked right up until closing. Avoid making large transactions within your account; any perceived change in financial status could give cause for a re-examination of your loan.
- Make sure all your documents are in order
This is the best way to make sure the final steps in the buying process go smoothly. There is a surprisingly large list of documents you will need on the day you officially close on your home, and you don’t want to be caught unaware. These can include:
- ID matching your name on the title and mortgage
- Copy of the buyer contract
- A checkbook for closing costs
- Proof of homeowners and title insurance
- A closing disclosure
- Bill of Sale
- Affidavit of Title
There are more documents you may need to include, depending on the property. You should be able to confirm all required documents through your lender and property agent.
- Get it looked over by a professional
Having your home appraised and inspected by third party professionals is essential.
An appraisal involves the assessment of the property to ascertain it’s fair market value. If the appraisal value is lower than the sales price you may be prompted to delay closing on the house, or even cancel the transaction. This is because an appraisal will settle the value of your mortgage, and you may find yourself overpaying. You can often ask for a referral to a trustworthy practitioner through your realtor in Dublin or Livermore Ca.
A house inspection involves a certified inspector coming on to the property to perform a non-invasive examination of the condition of your property. You need to be aware of the property’s condition so you can request repairs from the seller, or even reconsider/renegotiate the terms of your sales contract.
- Do Your Final Walkthrough The Right Way
The final walkthrough is conducted the day before closing. It gives you an opportunity to fully inspect your property on your own.
You need to ensure your new property is clean and inhabitable, and that any issues previously identified have been resolved and repairs have been made. If you feel that repairs made by the seller are not up to the standard of other homes for sale in Livermore CA, this gives you the chance to postpone the final sale.
I would recommend that you carry out your walkthrough in the presence of the seller, as they can answer any questions you have regarding property details. It is vital to have a reliable real estate agent by your side throughout the process. If you’re looking for a professional realtor in Dublin CA, then you can rely on my top notch services. Get in touch with me today at 925.216.0676 or send an email to alice(at)alicewlchen(dotted)com.