If you`re in the process of buying or selling a home, navigating the many steps from contract to closing can be overwhelming. That`s why having a thorough contract to closing checklist can help keep you organized and on track throughout the process.
Here`s a list of important items to include in your contract to closing checklist:
1. Home inspection: Once you`ve signed a contract, schedule a home inspection with a licensed inspector to identify any issues that may need to be addressed before closing.
2. Title search: It`s important to have a title search conducted to ensure that the property has a clear title and there are no liens or other issues that could prevent the sale.
3. Appraisal: The lender will require an appraisal to ensure that the property is worth the amount of the loan.
4. Financing: Make sure that your financing is in order and that you have been pre-approved for a loan.
5. Homeowner`s insurance: You`ll need to purchase homeowner`s insurance before closing to protect your investment.
6. Closing costs: Be prepared for closing costs such as fees for the title search, appraisal, and attorney fees.
7. Walkthrough: Schedule a walkthrough before closing to ensure that everything is in order and any repairs or issues have been addressed.
8. Final paperwork: Finally, make sure all paperwork is in order and signed before closing, including the loan documents and transfer of ownership.
By following a comprehensive contract to closing checklist, you can ensure that you`re prepared for every step of the home buying or selling process, and that you close on your new property with confidence and ease.