Do's and Don'ts to Pre-Closing Actions

Do's and Don'ts to Pre-Closing Actions

Aug 02, 2016

After getting pre-approved and settling on a home you are in love with, things start to speed up pretty fast. Once you and the seller have agreed on the terms of a contract, there are several pre-closing actions that need to be tended to. Check out our quick list of do’s and don’ts to make sure you handle your pre-closing with ease.

DO go on a walk through of the home

When you went to look at the house before, it probably still had some furniture in it. Take your time on this walk through to make sure there are no unpleasant surprises. For example, check that there isn’t water damage where the washer and dryer used to be, or random items left in spare closets. Make sure everything is up to your standards, and make note of what you would like fixed prior to move in.

DON’T skimp on an inspection

You would be surprised how many people either don’t do an inspection, or hire someone who is unqualified. It is extremely important to hire a qualified home inspector to conduct a thorough inspection of the entire home before you close. You need to know if the roof is going to need replaced or if a wall is rotting before you move in, so that necessary repairs can be made.

DO schedule a closing date

Once both parties have agreed upon a contract, it is time to schedule a closing date. The pre-closing process will drag on for as long as you let it, so it is best to be proactive and schedule that final date to get things moving.

DON’T ask for more than what is fair

When doing your walkthrough and inspection, it is important not to ask for more than what is fair from the current homeowners. There are several ways to remedy the problems you may have, but asking for extras will make the other party less cooperative. For example, if you are buying an older house, don’t expect all of the appliances to be upgraded or for a fresh coat of paint.

Let the professionals at Home Point Financial guide you through the road to home ownership. Learn more about our loan programs and give us a call at 888-616-6866.