December 2017 Magazines 89012 - Page 38

Money Matters Time to Move In! Tips for a Stress Free Home Closing You’ve spent countless hours searching for the perfect home, and you’ve finally found it. You made the offer, the seller accepted, and you’ve filled out all of the necessary paperwork. The day-to-day excitement of moving into your new home escalates, and finally the most important part of successful home own- ership arrives…THE CLOSE!!! RE/MAX Unlimited top producing agent Kendra Rich offers expert tips to guide you through the closing process. Her advice can prevent you from ending up with a “closing gone wrong” night- mare; instead allowing you to concentrate on making your new house, a home. What is closing? Closing is the final step in completing a real estate transaction. This is the date where the deed, note and several other documents are signed and money is exchanged, allowing for ownership of the property to be transferred to the buyer. The process is handled at an escrow company, a neutral, 3rd party entity respon- sible for facilitating funds and documentation between all parties to include the seller, buyer and mortgage company. What needs to be done before signing? One important decision to be made prior to closing is how you choose to hold title to the property. Common verbiage includes community property or communit B\H]Yو\]ܜ\ ]\X^HHY܈[\]X][ۈ[[H؛[X]X[[HK\[HYK\]Y\[ۜۈH\\[\XYH܈[\]X][ۋ[x&[[YYHH]HXH[ۋHܛHو[\[H]XœX[\]Hۙ\[[\YZ[\\\[ۜوY[[[X[\܂YX\X]Y]H\K[H[HH[\܈^[Y ]H[^\X[Y[^[YXݙ\H^Y\YY\[^B\[ٙ\H\H[H\ ܈YY][Y\\[YHۂ\Z]YX\\]\[&]\YHH[\HY[ۙ\&\[\[HXH܈\H[[ Y[HۙJK]\[H[XH[܈\ܛˈۙ\H\]HYH\[H[˜[[ۘ[XH]ݙ\\Z\܈\X[Y[و[\YH\[\[\X[\[^HZ[ X[X\Ҙ[X\H NӔԑQӕS]^X]\ܛ˂Yۚ[H[\H\\\[] B\H\\Y[][ۈHH[ܝYH\[HZ[š^KX[H][\YYH\^Y[H[Y]\&\›X[K\ܝ ܈ܙY[\H[x&[[H^XY[ٙ\[ۙ^K[[]H[XYHXZ]YHHوH[\B\HH[\[\]]Z[[Y\ˈY\[Z[][\ܛ\[Y\ۛHX\\H[ٙ\܈^[Y[ [X[H[\]Z\H[\[Y[X[]]HH[ٙ\ZH\[ۜY\][ۈ[[[ˈH\ܛ\[B[H[[[H\[[X[ۜ[H[[[[HYY\H[\ܛ܈[ˈHYHY\[[[\\ܛٙKB\[\KXX[HX\XHو[[ܛX][ۋ\XX[BHX[\[x&]HY[[XY\HH[ۙ^H˂\H\Hܜ܈ܚY\X][ۙ^HZ[\YX[˜[\\X\[]]HXK۸&]]]\[[HBۘHH[\HYۙY [ۙ^H\[ٙ\Y[BYY\XܙY [x&[[[HXZ]HH^\[\]šYHH\\[Y][Y\ZH  \Y\[BYۈH[[ˈH\H]HYYYH][]HKB[Y\X][\[^H[[ٙ\[H[[\[YK[[]XYH[ݙH[HYHو[\X[\B[HX\Y[[Y[[H\Y\[^H܈ LYX\ˈHX\܈KPV[[Z]Y [X[HXZ][\\›X[K[HXX[^\\H\[[^Z[Y[ [[][ۜ[ܝ[\ˈH[›XZ\Hۘ][ۈ[[“Z\XH]ܚ[XXY[ ›[YH]]\HY[XB[ۋY[H\H[[܂^HHYH][Y[]][^\Yܙ\]H]YY\X\]ۛYH[YXKB[ۈ^\\H][Yܚ]K\][x&\ٙXH]Y]H\[YH Z]H LK[\ۋ\]\X]B]˚[\X K[XZ[\][P[\X B܈[ M ML