Real Estate Closing: Know the Process Here

1. REAL ESTATE CLOSING: KNOW THE PROCESS HERE BRIEFING ON HOUSE CLOSING PROCESS 1 Once a buyer has narrowed down their selections after going through several projects, looking for possibilities that meet their wants and budget, and following some helpful home-buying guidelines, their hunt for a house eventually comes to a conclusion. REAL ESTATE CLOSING STAGES 2 Once a buyer has narrowed down their selections after going through several projects, looking for possibilities that meet their wants and budget, and following some helpful home-buying guidelines, their hunt for a house eventually comes to a conclusion. INSPECTION OF HOME 3 Doing a house inspection is the first step. Inspections of homes are usually performed by specialized home inspectors. These are professionals who examine the house thoroughly and identify any flaws, concerns, or future difficulties. NEGOTIATIONS IN DEAL 4 After narrowing down his options, the buyer typically offers less than the seller’s “ask price.” The negotiated offer, though, needs to be a wise choice that the seller would find difficult to turn down. EARNEST MONEY 5 It’s time to begin funding the transaction once the buyer and seller have agreed on a certain sum. Earnest money is the initial payment made by a buyer to a seller. This money prevents the seller from selling the property to another party and demonstrates to the buyer that they are sincerely interested in buying it. SETTLE THE PURCHASE AGREEMENT 6 The agreement for the house needs to be finalized next. The seller and buyer finalize the terms and conditions of the agreement together, which makes it easier for them to proceed with the transaction. www.esqlaws.com