What to Expect at Closing

Thank you for tuning into the Get Me Ready to Buy Podcast, where we help buyers prepare for the home buying process. In this episode, we discuss the closing process and what it entails. Closing refers to the transfer of ownership of the property from the seller to the buyer. While there are twelve steps to the closing process, according to Investopedia, it's important to note that these steps may vary depending on your region. Partnering with professionals, such as a real estate agent, closing attorney, title company, or lender, can provide you with the specific details of the closing process in your area.2:00 - What is the Close?3:42 - #1: Open an escrow account5:57 - #2: Title search and insurance8:30 - #3: Hire an attorney10:04 - #4: Negotiate Closing Costs11:06 - #5: Complete the Home Inspection12:22 - #6: Get a pest inspection12:54 - #7: Renegotiate the offer14:32 - #8: Lock in your interest rate15:45 - #9: Remove contingencies18:51 - #10: Meet funding requirements25:49 - #11: Final Walkthrough27:22 - #12: Sign the paperwork<br/>The closing process is an important step in homeownership, where ownership of the property is transferred from the seller to the buyer. It's crucial to partner with professionals who can guide you through the specific steps of closing in your region. Thank you for listening to the Get Me Ready to Buy Podcast, and we hope this episode has helped you prepare for the closing process. Remember to subscribe to our podcast and YouTube channel for more valuable information on buying a home.