If there is one thing that homebuyers love, it's when they finally have the keys to their new home in their hands. Sometimes, closing a home takes much longer than it needs to, but you can take steps to make the transaction go faster.
Some easy tips for closing your home faster include scheduling an early closing, getting the title cleared quickly, working with an experienced appraiser and waiting to make any additional major purchases. Here are why these tips work.
First, if you schedule your closing early, you'll know the closing should happen before the date you want. For instance, if your absolute deadline is October, make sure you schedule the closing in September. If you have to extend the closing date, you want time to do so without a panic.
Clearing a title is the next most important step. Your attorney, or the other party's attorney, needs to order the title analysis quickly to make sure you can complete the transaction without any liens on the property.
Another thing you can do is to wait on any major purchases you want to make. Thinking of buying a car? Try to wait until after closing, so the mortgage lender doesn't decide to deny your loan.
Finally, work with an experienced appraiser, because you need a solid appraisal if you plan to take out a mortgage. You and the property need to qualify for the amount of the loan you want to take out.
Closing a home sale quickly is possible if you take the above tips to heart. In just a short time, the home of your dreams can be yours.
Source: Bankrate, "4 tips for closing a home sale quickly," Margarette Burnette, accessed May 02, 2018