Top 10 Ways to Make Closing Real Estate Look Easy

Closing real estate shouldn’t be difficult. In fact, here’s a checklist of things that can help you achieve a better closing experience. Keep these things in mind before closing a home.

Here are some ways to simplify the closing process:

Get Pre-Approved

You can lose your dream home. Sometimes, waiting around for approval on a home loan could mean losing it. If you want to be sure things go smooth, start by getting pre-approved. Set your budget before you ever start looking. You have to know how much you can pay or qualify for with the bank. In fact, prepare your bank for the upcoming sale by getting pre-approval.

Use Apps to Search for Homes

Apps for your phone make locating a home easy. Use Zillow, Trulia, Realtor, Redfin and related websites to “dig up dirt” on homes you like. You can find stats on previous selling costs, photos, lot area, neighborhood information, estimated price per square foot, and other important details you need for your home search all in one place.

Order an Inspection

First, it’s important that an inspector takes a look at the home. There may be problem areas that require an expert to spot. For scheduled repairs or to double check conditions that can be created by weathering, include a second walk-through within 48 hours of closing to assure the home is in order.

Bring a checklist of repairs required before closing and consider bringing your inspector with you. At this time, check any large appliances or electric to be certain everything is in working order. Bring your receipts for any repairs ordered in case you need to get in contact with the contractors. You can pick up an electrical tester for under $2 at a hardware store to test the outlets.

Review Loan Documents in Advance

Before you start filling out the information to apply for a mortgage loan, take a good look at everything you need to complete the application. There may be information that you must request in advance.

Get Your Documents in Early

Don’t wait until the last day to submit documents and information. If you wait until the deadline, your documents will have to be 100 accurate, which leaves absolutely no room for mistakes.To avoid this, fill out all your documents early to assure you have everything you need to complete the process accurately before submitting.

Be Responsive to Your Lender

Sometimes lenders will request documents or details not already submitted, and if you don’t respond, your close could fall through. To avoid delaying your closing date, always respond to your lender as soon as possible. In addition, double check the documents you receive from lenders for errors. It’s not unheard of for unexpected errors to appear in the numbers. Respond to errors or requests as quickly as possible.

Know How Your Funds will be Sent

There are a few options to complete your transaction. You can bring a certified check or send your funds via loan escrow services. Either way, it’s important that you obtain the money and transfer the funds by check or secure your escrow before closing. If you pay by check, you have to remember to bring it with you on the day of close. Some title insurance companies offer escrow services that transfer funds for you.

Use a Digital Closing Platform

To assure no documents go missing and all your records are stored in a safe place, go with a title agent who provides a digital closing platform. This means no need to sign any documents. You can use esignatures to eliminate having to appear in person just for a signature. Instead, you can access your documents online and send your completed forms with an digital signature.

Take Advantage of Same Day Delivery

Last, you can make closing look easy with same day delivery. Waiting around when you have to meet a strict deadline can be nerve-racking. Instead of wondering if your title insurance agent will deliver on time, go with a partner who offers a faster turnaround time.

Want to make closing real estate look easy? Get same day delivery with Closing Disclosures GUARANTEED with BNTC. Contact us today to learn more, or fill out this form.

SOURCES:

The Best Online Tools for Your Housing Search

5 Tips for an Easy Home Closing

6 Tips for Painless Closing on Your Home

How to Do House Walk Through Before Closing