How to Close on the Sale of the Home You are Buying

Video Transcript

"Closing on the sale of a home you are buying can be a pretty difficult task. I'm Richard Blake I'm here to explain to you how to close on the sale of the home you are buying. Once you've gone through the inspection period, you've accepted the property in it's as is condition, and you found out from the lender that you've got a loan commitment and everything ready to move forward with. Generally you are going to want to a few days before the closing you are going to want to go and speak with your loan officer or your mortgage broker, ask them to review all the paper work ahead of time and just to be sure and certain that you are getting the loan program that you decided upon, maybe a month, two month, three, six months ago, depending how ever long the process has been of you purchasing this home, that you know there could be several months of communication in between that time period just to make sure that you are getting exactly what it is that you want. I recommend going and speaking with your loan officer a few days before the closing and making sure that the loan program is exactly as you previously discussed. At that point in time, once you are satisfied with the loan program, you are going to speak with the title company who is actually closing the property for you, and the title company is the one who is going to give you that final number, that final pay off that you are going to bring to the closing table and when you go to the closing table, that day all you are going to need is a driver's license and a cashier's check. They will not accept personal checks, so you want to make sure that you do give your self substantial time to go to the bank before the closing, cause it may be only one or two days before the closing that you do actually get that final pay off number depending on how fast the title company gets it all done for you. Again that's a, what's going to happen and that's how you close on the sale of your home that you are buying. I'm Richard Blake have a great day."