Closing A Home Sale Cedar Rapids IA

There is a lot for both buyers and sellers to consider, even after an offer to purchase has been made and accepted. Here are some steps and tips to remember to help buyers close the deal successfully.

Local Companies

Franzenburg Shelly Rl Est
(319) 378-6710
100 1st Ave NE
Cedar Rapids, IA
Todd Mark Rl Est
(319) 294-0500
3725 Center Point Rd NE
Cedar Rapids, IA
Skogman Chris Rl Est
(319) 377-8333
328 Teakwood Ln NE
Cedar Rapids, IA
Stahl Nancy Rl Est
(319) 294-3854
805 Wright Brothers Blvd
Cedar Rapids, IA
Kummer Tricia Rl Est
(319) 378-6890
100 1st Ave NE
Cedar Rapids, IA
Slattery Ed Rl Est
(319) 378-6655
100 1st Ave NE
Cedar Rapids, IA
Long Lisa Rl Est
(319) 378-6707
100 1st Ave NE
Cedar Rapids, IA
Louvar Kathy Crs Gri Abr Cbr Rl Est
(319) 378-6704
385 Collins Rd NE
Cedar Rapids, IA
Eaton Amy Rl Est
(319) 378-6624
100 1st Ave NE
Cedar Rapids, IA
Porter Alicia Rl Est
(319) 743-7221
1951 51st St NE
Cedar Rapids, IA

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Closing a home sale may seem guaranteed once an offer to purchase has been made and accepted, but there is a lot to consider for both Buyers and Sellers, and deals can collapse at the eleventh hour. Here are some steps and tips to remember to help Buyers close the deal successfully...and safely.

Get financing

One must be aware of the details of agreement when financing a house with a mortgage. Buyers should ask these questions:

  • How will the taxes and insurance be paid?
  • Will there be a pre-payment penalty?
  • What is the interest rate on the loan?
  • Are you going for a fixed or adjustable rate (OUCH!) mortgage?
  • Up to what percentage of the property value will the bank finance? How will you finance the remainder?
  • Be careful of Private Mortgage Insuance (PMI). Ask your Mortgage Broker.
  • What are the closing costs and their amounts? These can occasionally be negotiated, and are sometimes paid in part or in full by motivated sellers.

Get appraised and surveyed

Hire a full service Home Inspection Company to do a complete examination of the property if the bank doesn’t—and they usually will. Make sure that you have a true picture of the property’s value from a professional. Their job is to find out what is wrong with the property so it can be repaired. The results of this examination may save you additional money before the purchase occurs. The property should also be surveyed to check for encroachments.

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Author: Bob Burns
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Featured Local Company

Coldwell Banker Real Estate

319 621 7653
70 Sturgiss Corner Dr.
Iowa City, IA
www.robmccain.com