What to Know as a Buyer
Buying a home can be magical, but don’t let that distract you from some important details.
Ask questions!
The earlier you communicate your questions to your closing attorney, the better, This will help guide your decision-making process and make sure that you know exactly what you’re getting into.
Voice your concerns!
Don’t be afraid to let your attorney know about any peculiar circumstances about yourself or the property you’re interested in purchasing. As mentioned before, the sooner the better.
Don’t forget the important documents!
Whether you’re buying a house or commercial real estate, you’ll need some kind of insurance proof if a lender is involved. This could mean buying hazard insurance, homeowner’s insurance, or commercial structural insurance for example.
Also, be sure to bring your personal identification when it’s time to close the deal.
Be patient!
Real estate closings are not as simple as you think. It takes time to prepare all of the documents and set up an actual closing date so please be patient. From previous experience, it’s much easier and efficient to attend a closing at the Closing Attorney’s Office.
Finalizing the payment
All funds due at the time of closing should be wired to the closing attorney’s Escrow account.