Once the deed is recorded, the house is officially yours.
Look past the paint colors and staging. Check the age of the roof, the HVAC system, and the "vibe" of the neighborhood at different times of day.
Don't be afraid to ask for closing cost credits or repairs if the house needs work. Phase 4: Due Diligence Once an offer is accepted, you enter "Escrow." home buying guide pdf
Usually 24 hours before closing, you'll visit the house one last time to ensure it’s in the agreed-upon condition.
Your bank will send an appraiser to ensure the home is actually worth what you’re paying. Once the deed is recorded, the house is officially yours
This is the final deep dive into your finances by the lender. Pro tip: Do not make any large purchases (like a new car) or open new credit cards during this time! Phase 5: Closing Day
A higher score equals a lower interest rate. If yours is under 620, consider a few months of "credit repair" before applying. Don't be afraid to ask for closing cost
Your agent will help you determine a fair price based on "Comps" (recent sales of similar homes nearby).