It’ll take about 40 days to close, but you’re off to a great start. There’s just a few last things to take care of.
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“The housing market is hottest in the spring and summer, but buyers in the winter tend to be more serious.”
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Complete Inspection and Appraisal
The home is usually inspected and appraised within the first ten days of the closing process. The buyer will make these arrangements and let you know when to expect them, but start getting ready for it now.
Ask your agent:
- How do I prepare for the home inspection?
- What documents can I provide to help with the appraisal?
- How do I negotiate repair requests with the buyer?
- Do I need to appeal the appraisal results?
Clear Your Debts and Payments
At this point, the buyer should be sorting out their finances. There’s less on your plate now, so take this time to start clearing out any debts or outstanding payments you might have on the home. If you’re not sure what you owe, your mortgage lender can point you in the right direction.
Start paying off:
- Remaining mortgage balance
- Unpaid property taxes
- HOA fees
- Utilities balances
Get Ready for Closing Day
You’re almost done. Ask your agent what you’ll need for closing day and get it ready. In the meantime, it’s never too early to start planning for the move.
Start working on:
- Preparing for a final visit from the buyer
- Shutting down valves and transferring services like cable and internet
- Scheduling the move
- Preparing your documents for closing
Finish the Sale and Move Out
Congratulations – you’ve officially sold the home! There’s still a little work to do, but take a moment to celebrate the occasion.
Start working on:
- Reviewing and signing the final closing documents
- Moving to your new home
- Updating your address
- Receiving payment from the buyer