Closing A Home Sale Waterloo 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

Pro Resource Realty
319-296-7046
1030 Ansborough Ave.
Waterloo, IA
Forssberg Emily Rl Est
(319) 234-4402
3110 Kimball Ave
Waterloo, IA
Godwin Don Rl Est
(515) 271-7736
932 N Shadyview Blvd
Pleasant Hill, IA
Dye Sheila Rl Est
(515) 453-7206
3424 Ep True Pkwy
West Des Moines, IA
Brooks Russ Securities & Real Estate
(712) 755-3840
717 Court St
Harlan, IA
Lewiston Patricia Rl Est
(515) 453-6623
3424 Ep True Pkwy
West Des Moines, IA
Lawler Labrent Rl Est
(515) 453-5948
809 8th St SW
Altoona, IA
Labrasca Roger J Rl Est
(515) 453-6782
1516 Valley West Dr
West Des Moines, IA
Wanamaker Marcia Rl Est
(515) 453-6839
1516 Valley West Dr
West Des Moines, IA
Seeley Bob Rl Est
(515) 453-6740
1516 Valley West Dr
West Des Moines, 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

Pro Resource Realty

319-296-7046
1030 Ansborough Ave.
Waterloo, IA
www.RachelCheeney.com