Buying a new house is a huge step as it requires big capital investment. Since such kinds of deals do not occur time and again, a buyer has to be highly attentive while closing it down. Purchasing a property includes a host of technicalities for which a checklist must be prepared. Since checklist helps you in jotting down points, it does not let you forget crucial tasks. Take a look at the following points to know what you need to remember and attach to your checklist:
- You need to get the contingencies squared away. Most of the agreements already have this list added, but just in case the one you have got involved in your deal does not have, ask the seller or the agent about it, right away. Contingencies are of various types such as financing contingency, appraisal contingency, home inspection contingency and many more. Take a look at the same while closing down the deal to not come across any sort of trouble later. It is always a great idea to consult an agent about the same just in case you aren’t able to understand a certain phrase or term.
- Do not forget to attempt a final walkthrough. This is very important for all the buyers, no matter whether it is their first purchase or fourth. During this, you need to make sure that the owner has vacated and all the items that were promised are in place, correctly. This is a type of home inspection task, performing which is important if you do not want to incur problems later. It is a good idea to communicate with the seller and the agent, in case something looks fishy or inappropriate to you.
- Make sure you have collected all the necessary documents that you would be requiring for closing down the deal. While the set of documents differ from deal to deal, certain out of the entire lot always remain the same. Hence, do carry these: Paperwork from the bank just in case you have applied for a loan, a copy of the contract, ID proof, home inspection reports (where needed), etc.
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