Keep in mind that you will pay taxes on the property from the closing date. If you are buying at the end of the year, ask your tax advisor if it would benefit you to push back the closing until January.
Set a closing date that works well for you.
If you are currently renting, set the date near the end of your lease.
Evaluate how the closing date will affect your closing costs. Sometimes changing the closing by a few days or a week will save you money.
If you plan to move in on closing day, schedule the closing for the morning.
Get an estimate of your closing costs.
Lenders are required to issue a good faith estimate of your closing costs within three days of your application, and they will give (upon request) an itemized list of your closing costs. Typically, these costs are about 5 percent of the sale price of the home.
Schedule a final walk-through of the house to verify that the seller has made all necessary repairs he or she is responsible for according to the purchase contract.
Remember: If the house is perfect for you, don’t waffle! Act decisively and promptly, or you may lose the home of your dreams.
