For a home buyer, there is nothing more frustrating than experiencing a closing delay. After making sure that all the documentation is in order and making all the arrangements for the moving day, not being able to get the keys and move in to your new home can be a nightmare. Don't let this happen to you. Consider these tips to help you avoid having your closing date put off.
4 Useful Tips to Avoid Closing Delays
Communicate.Most closing problems can be avoided by keeping the communication lines open, so check with your lender on a regular basis. Also, don't hesitate to contact the settlement company if there is anything that you don't understand.
Have enough money.To avoid any delays, you should have enough funds in your bank account to cover your closing costs. Most experts agree that you should budget 3% of the final home price for this. Your lenders can give you a rough estimate of your closing costs but this may change on the day of the closing. Have some extra money to cover for any incidental costs for good measure.
Check your documents.Any incorrect, misspelled or missing information in your documents can cause closing delays, so check all of the information carefully prior to closing.
Bring a valid ID.Without a valid government-issued ID, the title company will not notarize your signature on the closing documents, so don't forget to bring a current driver's license or passport on closing day. You wouldn't want something as simple as this to prevent you from getting the keys to your new home, right?
Buying a new home can be a very exciting time for your family, so follow these tips and you can be sure that closing delays wouldn't get in your way.
For more valuable tips on selling or buying a home, please visit my site at http://www.pamsantoro.bhhsgeorgia.com/. You can also contact me at 678-656-6627 if you have any questions about local market conditions, financing or anything that can help you with in your search for real estate.