The article outlines the essential steps involved in the closing process when buying a home, which typically spans 30 to 60 days. Key steps include depositing earnest money shortly after an offer is accepted, completing a mortgage application while avoiding financial changes, ordering a title search to confirm ownership legality, and ultimately signing all necessary paperwork on closing day. These steps ensure a smooth transition to home ownership while protecting both buyers and sellers in the property transaction process.
Closing on a home typically takes between 30 to 60 days and involves various necessary steps including mortgage approval, title checks, and completing necessary inspections.
The initial step after an offer is accepted is to deposit earnest money, demonstrating commitment to the purchase and held in escrow during the sale process.
Once your mortgage application is underway, it’s crucial to avoid significant financial changes that could impact credit approval, including obtaining new loans or credit.
A thorough title search is fundamental to ensure there are no ownership claims on the property, with the title report detailing any issues that may arise.
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