Have you found the perfect home? Once you have, it’s time to begin the homebuying process. This can be quite extended, and the home closing process that guarantees your homeownership can be quite detailed. However, there are steps you can take to ensure that you experience a smooth home closing process.
Satisfy Mortgage Conditions
To ensure a smooth home closing process, you will have to be sure to satisfy all conditions of your mortgage commitment. This can include providing bank records or tax returns. This can also include having a title search conducted by a title company to ensure there will be no problems with your ownership.
Schedule a Home Inspection
A home inspection will empower you as the buyer to know the home’s condition, and give you a list of issues you can address with the seller. Do not wait until the last minute to schedule your home inspection, so you have time to fix any problems.
Buy a Homeowner’s Policy
You should also select an insurance company and homeowner’s policy to cover your future home. You should never wait to have insurance for your new property, as you may never know when you might need it! Title insurance is included in your home purchase, and should also be selected. This one-time purchase protects your home title for as long as you live at your new property.
Review Your Closing Disclosure
During a smooth home closing process, you will be sent a Closing Disclosure Form at least three business days before the consummation of the loan. You must review this form carefully for errors so you can have them fixed before closing.
Choose a Closing Agent
Your closing agent can be a title company, such as Colony Title Associates. We can help you through all of the essential aspects of the closing process, and help you complete a smooth home closing. You should also ask your closing agent for an estimate on how much money is needed for closing, which will include costs for down payments, escrows, other fees, and taxes.
A Title Company You Can Trust: Colony Title
At Colony Title, we will help you through the process of getting your property’s title and help you avoid the pitfalls of hidden costs while you buy your home. We are also well trained in identifying any and all errors in public records and helping you resolve them. We specialize in real estate title insurance in both Maryland and Washington, D.C., and we will perform an expert title search, check through all past documentation, and examine records for any fraud or forgery. For more information on how we can get you into the home of your dreams, contact us online or give us a call at (410) 884-1160. To get more updates on housing markets and how to get into your home, follow us on Facebook, Twitter, and LinkedIn.