Moving In
Whether you celebrate with champagne or are relieved to have finished the process, there are a few final tasks to complete after closing on a property.
Final Walk-Through Inspection:
The final walk-through is the last opportunity to inspect the property before purchasing it. All contingencies in the Purchase Agreement should be met, and the seller's belongings should be removed from the home. The final inspection typically occurs the day before or the day of closing.
Closing:
Once you are satisfied with the final inspection, it's time to close the deal. You, the seller, and the closing agent will sign the settlement agreement, which outlines the financial transactions involved in the process. You will also sign your loan documents and pay the balance of your down payment and closing costs to escrow. If you bring funds to the transaction, you can bring a certified check or have the funds electronically transferred to the escrow account. Once all documents have been signed and funds have been exchanged, the deed will be recorded at the county recorder's office, and you will officially become the owner of the property.
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Tips For Buying
Don’t Max Out Your Budget
Just because you’ve been approved for a max amount doesn't mean you should spend it all on the home's sale price. You will want to set some of that aside for closing costs, taxes, and potential home repairs or remodeling.
Get to Know the Area
Make sure the neighborhood works for you and your family - are you close to schools, and is shopping conveniently located?
Don’t Skip the Home Inspection
Inspections are worth their weight in gold and will draw attention to problems you may not otherwise see, giving you peace of mind and letting you make more informed decisions about your purchase.
Get Pre-Approved
Getting pre-approved by a lender lets the seller know you are serious and ready to purchase a home and that you are not just window shopping. Check out our list of recommended lenders here.
Make a List of Deal Breakers
Know what you can live with and cannot live without and also those things that can be taken care of with a simple remodel. If you need a four-bedroom home, don't buy one with two that requires a massive addition which can break your budget.
Look at the Age of Appliances and Other Systems
Appliances are some of the most expensive portions of the home, and you should pay particular attention to their age and whether they have required service.
Other systems to have inspected are your HVAC, water heater, and septic, if applicable. You may be able to get the seller to add a home warranty when buying.
Check For HOA Requirements
Most neighborhoods have HOAs that govern what you can and can't do - be sure you know what the rules are for your neighborhood.
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Areas We Serve
Don’t see your neighborhood? These are just a few cities and communities we offer management services to. Contact us if you don’t see yours; we are always looking to expand!
- Charlotte
- Huntersville
- Cornelius
- Lake Norman
- Davidson
- Concord
- Mooresville
- Gastonia