• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

  • BUY

    • Search for Homes
    • Mortgage Calculators
    • NJ School Report Card
    • Short Sales
    • Should I Buy an Investment or Rental Property?
  • SELL

    • 1031 Exchange
    • NJ Real Estate Transfer Tax
    • What is Your Home Worth
  • Vacation
    Rentals
    • Guest Services
    • Payments and Policy
  • Market
    Reports
    • Atlantic County Market Report
      • Longport, Margate and Ventnor Market Report
      • Ocean City Market Report
    • Camden County Market Report
    • Cape May County Market Report
      • Avalon/Stone Harbor Market Report
      • Cape May Market Report
      • Sea Isle City Market Report
      • Wildwood Market Report
    • Cumberland County Market Report
    • Gloucester County Market Report
  • Core
    Services
    • Mortgage
    • Title
    • Insurance
  • Meet
    Mav & Co.
  • Contact
    Us

4 Ways to Ensure a Smooth Closing

March 18, 2022 By The Mav Team

Buying a house is a thrilling experience! But before you can cross the threshold, you have to get through the closing…which, unfortunately, can be a confusing and stressful process for many.

While every homebuyer’s situation is different, there are some steps everyone can take to make sure the closing goes as smoothly as possible:

Have cash available. Make sure you have extra cash that is easily accessible well ahead of the closing. You will need the cash to pay some of the closing costs, and be sure to build in a 10 percent buffer for final costs that come in higher than estimates.

Have all your documentation ready to go. Ask your lender and real estate agent to provide you with a list of every piece of documentation you will need for the closing. Make sure it is complete and gathered ahead of closing day, so that you have time to double check and troubleshoot as needed.

Preserve your credit score. Keep in mind that your loan approval was based on your credit score at the time you signed the purchase agreement for your home. If you’ve taken out any new loans or debt since then, such as a credit card or car loan, this could affect your credit score and jeopardize the home loan. Wait to make any large purchases until after the closing, and make sure you’re paying everything on time.

Keep your employment steady. Don’t change jobs or decide to quit and start your own business prior to closing. Keep your employment record and income steady.

Settle the inspection. Review the inspection and make sure you are satisfied with the results. If there are any issues that need to be addressed, decide how they are going to be handled – by you or the seller? It’s critical that all decisions regarding the inspection are made before closing – you may have no further recourse afterwards.

Primary Sidebar

Current Interest Rates

Powered by NJ Mortgage Rates

What is Your Home Worth in Today's Market? Find Out!

We are Short Sale Professionals! Whether you are looking to buy or sell a home short sale, contact us!

Michael Mavromates - Certified Short Sale Agent

Have a Question? Contact Us Now!


Sorry we are experiencing system issues. Please try again.

From the Blog

  • Dodge Winter Lawn Damage
  • 7 Things to Remove From Your Home When You List It
  • 3 Ways Soapstone Enhances Home Design

Footer

Connect with Us

  • Facebook
  • LinkedIn
  • Pinterest
  • Twitter
  • YouTube

Contact Us

  • Name
  • Email
  • How May We Help You?
  • Buy
  • Sell
  • Vacation Rentals

Copyright © 2023 Michael Mavromates · Long & Foster Real Estate, Inc · Avalon, NJ · Homes and Real Estate

Michael Mavromates - Mav & Co.| Licensed NJ Realtor® | mmavromates@comcast.net | Cell: 609-408-7804
Long & Foster Real Estate, Inc | 2997 Dune Dr - Avalon, NJ 08202 | Office: 609-967-3001
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Equal Housing Opportunity Disclosures Privacy Policy

website by marketme