Buying a home is a very emotional experience. This comes as quite a surprise to most buyers. Many approach the transaction as a business deal. In the end, while financial, social and family priorities drive the decision, it is usually the connection with the property, the ‘WOW’ factor, colors, and space itself that strongly influences the buying decision.
Once your offer on a property is accepted the wheels are set in motion. Below are a few of the things you can expect. This is not an all inclusive list as lender requirements can vary aside from federal or state mandated procedures. As a buyer you can expect to:
- Provide your lender with volumes of information. Today’s world of lending and all the mandates placed on lenders go beyond what you may have experienced in the past. Don’t be alarmed. Don’t get upset. Lenders are required to ask for the things they ask of you. Don’t kill the messenger. Work with your agent. Ask for explanations. Provide information on a timely basis. Remember, time is of the essence. Your Realtor will work with you to ensure information is provided within the timelines agreed to in your contract.
- DO NOT make any major purchases or open new credit cards until you move in to your new home.
- Contact several movers inquiring about the type of insurance they carry to cover your belongings. Schedule your move in date.
- Take inventory of your belongings. Determine what items will go with you and which will be donated or sold.
- Start packing as soon as you can. The time from contract acceptance to move in date will go faster than you think.
- Complete the Change of Address form with the USPS.
- Contact your local utilities to learn their procedures for making final payment at your current address and putting in your name at your new address.
- If you have a smart phone download a moving checklist to help you stay focused on your upcoming move.
- Come prepared to your closing with your drivers license or another form of government issued ID. Your lender or title company will let you know prior to closing what is currently acceptable.