What You Need To Know And Expect To Get To Your Real Estate Closing : Title : Inspections
Offer Is Accepted
Title and Escrow Opened.
Order Property Inspections
There are many different types of inspections that you can order when buying a home. It is a good idea to get at least a home inspection. To cover yourself, property inspections can prevent you from getting stuck with a problem after you buy the home that you could have avoided upfront.
Appraisal Is Ordered
Your lender will order your appraisal. Your loan will be based on the sales price or the appraised value whichever is less. You will have to pay for the appraisal in most cases.
Do not overlook this gem that protects you from break downs in your home after you take possession of it. Typical policies go around 1 year. Talk more with your real estate agent about this.
This is also called Hazard Insurance or Fire Insurance. You must have this to get a mortgage. Shop around to get the best deal.
Turn On Utilities
Not only utilities, but there is a whole slew of things to take care of once you sign your loan documents and begin moving into your new home.