3 Questions to Ask Before Closing on a House

by Tracey Lizza 12/02/2018

After you submit an offer on a home and complete a property inspection, there may be only a short amount of time until you close.

Ultimately, it pays to prepare for closing day. If you start planning for your home closing today, you can identify and address any potential problems.

To better understand how to get ready for a home closing, let's take a look at three questions to consider before your closing.

1. What needs to get done before my closing date?

Your closing date may be a few weeks away, but time moves quickly, particularly for a homebuyer who wants to get into a new residence as quickly as possible. Fortunately, homebuyers who understand what needs to get done prior to a closing can plan accordingly.

Typically, a homebuyer will need to secure homeowners insurance and title insurance before closing on a house. Insurance companies are available to provide information about both types of insurance. If you reach out to these companies immediately, you can guarantee that your home and personal belongings will be covered against loss or damage.

You'll need to contact utilities providers as well. That way, you can ensure that your gas, electric and other utilities are good to go as soon as you close on your home.

2. How much are my monthly mortgage payments?

You know that you've been pre-approved for a mortgage. However, if you don't know how much that you'll be paying for your home each month, you'll certainly want to find out sooner rather than later.

Monthly mortgage payments can add up quickly, particularly for homebuyers who fail to budget properly. If you know exactly how much that you'll be paying each month for your home, you can effectively map out a budget.

3. What do I need to bring to my closing?

Homebuyers are required to bring a government-issued ID to a closing. In some instances, you may need to provide a certified or cashier's check to cover assorted closing costs as well.

If you are unsure about what to bring to a home closing, it often helps to consult with a real estate agent. In fact, this housing market professional can help you seamlessly navigate all stages of the homebuying cycle.

Prior to a home closing, a real estate agent is happy to respond to any concerns or questions that you may have. This housing market professional will explain how the home closing process works, how long the process generally takes to complete and, perhaps most important, when you'll receive the keys to your house.

A real estate agent also goes above and beyond the call of duty to provide assistance throughout the homebuying journey. He or she can help you compare and contrast a broad range of houses, submit a competitive offer on a home and ensure that you can discover your dream residence in no time at all.

Get ready for a home closing – consider the aforementioned questions, and you can prep for your closing date.

About the Author
Author

Tracey Lizza

because it matters who you work with

TRACEY LIZZA - Buying or selling a home is more than just a transaction: it’s a life-changing experience. Tracey is dedicated to providing exceptional, personalized service with total discretion for all of her clients. She takes great pride in the relationships she builds and always works relentlessly on the client’s behalf to help them achieve their real estate goals. Tracey places a high value on responsiveness and availability. She works with her clients every step of the way whether they are buying, renting or selling. A career as a real estate professional has been a perfect fit for Tracey. She has had a varied background in the marketing communications field including having worked in the international fashion industry as a buyer. Combined with a personal selection of residential and commercial properties, Tracey brings her expertise along with firsthand experience. Tracey and her family enjoy the Shoreline lifestyle of Southeastern Connecticut and love all things outdoors including gardening, fishing and boating. 

Contact Tracey and let her help you move in the right direction!

Meet Tracey's trusted Co-Broke Realtor Carol Gessner!

CAROL GESSNER - As a full-time Realtor I have the knowledge you need to get your home sold or find a new one. I am highly dedicated to bringing you customer service that exceeds your expectations. You can expect nothing less than superior professionalism and integrity from me. I have lived in southeastern Connecticut for 35 years. I grew up here. I have a connection to this community and the people who call it home. When I'm not helping my clients, I enjoy gardening, cooking and traveling. My true passions in life are my husband James, and our kids Nicholas and Nola. 

Let me know how I can assist you in buying or selling and exceed your expectations!