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Step 8: Closing the Deal

Closing is the final step in buying a home. At closing you'll be asked to read and sign papers and documents prepared by closing agents, title companies, your lender and lawyers. This paperwork reflects the sales agreement and interests of all parties to the transaction: you, the seller, the lender, and the government.

Closing costs are charges you pay for services required to get financing. Since these charges raise your loan cost, always carefully compare fees charged by all potential lenders and service providers.

Click here for a list of potential items closing cost items.

Once closing is completed, there's only one thing left to do: Move in and enjoy your home! Owning real estate involves contracts, loans, and taxes, but ultimately what's most important is that homeownership should be a wonderful experience. Enjoy!

» Step 1: Getting Started
» Step 2: Getting Into Financial Shape
» Step 3: Consider Pre-Approval
» Step 4: Determining a Price Range
» Step 5: Looking and Choosing
» Step 6: Making an Offer
» Step 7: Getting it Inspected
» Step 8: Closing the Deal

» Other Things to Consider

 

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