If you’re ready to become a homeowner, it’s a good idea to create a checklist for buying a house. It can be especially beneficial to make a list of what to do once you find your dream home.
While the house hunting might be over, the next stage of your home buying process has just begun. Here is a simple checklist to help you stay organized when buying a home:
Schedule a home inspection
A professional home inspection will alert you to any major problems or maintenance issues the house might have. During the home inspection, the inspector will examine the property from top to bottom and make note of issues. You can use this report to negotiate with the seller if necessary.
Purchase homeowners insurance
Most mortgage lenders will require you to get homeowners insurance before closing on a home. Luckily, many insurance providers offer multiple types of insurance. You may be able to get a policy from a provider you already work with.
Get a professional home appraisal
Home appraisals are another step in the process arranged by your mortgage lender. A home appraisal will determine the property value based on a careful evaluation of the home’s conditions and features. Your real estate agent might be able to coordinate the appraisal for you.
Make a final review
You’ll get a final chance to visit and inspect the property in person before closing. This allows you to confirm everything is up to standards agreed upon in your contract. It’s a good idea to test things like light switches, doors and faucets just in case.
Prepare for closing day
Once the big day arrives, you’ll need to have several things with you to ensure a smooth closing process. For example, make sure you have photo identification for everybody listed on the loan, a cashier’s check for final closing costs, proof of insurance and official closing documentation. You should also have your real estate agent or real estate lawyer present to represent you.
Finding the perfect home can feel like a dream come true. However, it’s important to stay organized to prevent possible logistical nightmares. Keep these steps in mind for completing your home buying process as smoothly as possible.
About the Author
Liliya Sherman
Liliya Sherman has been in the Real Estate business for a number of years. She's had great success and her clients are always satisfied. Liliya comes from a business background. She holds a B.S. in Business Administration. She is well organized and results-oriented. Having worked in the high tech industry, Liliya appreciates the importance of managing her and other people's time. She will listen to your needs and will do her best to match them with market opportunities. Liliya holds her clients' interests close to the heart. People who work with Liliya always feel as if they are her number one priority. Don't be left behind.
