Tips On The Real Estate Closing Process

Before you sign on the dotted lines, ask yourself these six crucial questions.

1. WHAT AM I BUYING?

Make sure you have done your due diligence and inspected the property thoroughly. This could be the biggest investment you ever make (emotionally as well as financially) so know what you are getting yourself into before you seal the deal.

2. WHAT SORT OF LOAN AM I GETTING?

Before you close you will get a stack of papers ten reams high and you will be signing and initialing every last one of them. Make sure you know what you are signing - is the interest rate the attractive one you were quoted when they were begging for your business? Do you have a pre-payment penalty? When is your first payment due and where do you send it? All important questions to ask and have answers to before you seal the deal.