Monday, October 31, 2011

So you just bought a house!

So you have endured the entire home buying process. Getting pre qualified, finding a home, inspection, appraisal, and now you are going to close. Very exciting. What are the final days like?

Well you have to make sure you have your utilities on, when you are moving you want water, electricity and any other utilities you might want or need. You can do all the footwork on this in advance, but you do want to make sure they are in your name and turned on for the day you record and take possession.

And what does closing consist of? Here is a broad overview, it can be different per transaction, but here is how it goes.

First your “docs” are released to the title company, this is your finance documents. You make an appointment with your title person and sign away!

Then the docs go to the bank for final approval and funding.

Once the loan is funded the title company will pay everyone and record your deed! And at that point you own the home.

Next step you get your keys, some way somehow your agent and the selling agent will get you the keys to you new home! You cannot have your keys until your deed is recorded, that is the ultimate final step.

That is really all there is to it. I know it made is sound simple and all of you that have done it before know that is the condensed version. This process can take 48 to 72 hours, and again it can be slower or faster depending on your specific transaction.

And of course we here at Arizona 360 Realty will help you in each step of the home buying process.

So are there any subjects you would like us to cover? Any questions? Please let us know so we can keep this interesting!

Visit us at www.sellaz360.com!

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