When you’ve at long last located the house you have been searching for, it’s easy to believe that the tough part is over. However, there’s still a great deal to do so you can make sure your home purchase goes smoothly. If you are tying up the loose ends on your house purchase, here are a few things you must do to prevent any pointless slow downs.
Hire A Lawyer
No matter how much research you have done, you could need an attorney! There’s a lot of legal terminology in the closing paperwork that could be challenging for many people to comprehend. Rather than performing guesswork, you should hire an attorney who will make the difficult documents easy to understand. This will ensure there won’t be any hiccups with the documentation.
In South Carolina, real estate attorneys perform the same tasks that escrow companies do in other states. This includes preparing the all of paperwork and performing the closing. The closing is where the final paperwork is signed.
The closing attorney does not usually represent either the buyer or the seller. This means if you have complicated questions, you may be forced to hire an attorney. Or your real estate agent or mortgage broker may know the answer. Just remember that the only person that can give you legal advice is an attorney!
Get A House Inspection
A home inspection is an essential step when buying a house. This crucial step should be done ASAP since it can seriously affect your house purchase. Significant issues are often uncovered in the course of a home inspection. Getting this done early and determining if something needs to be repaired or the price adjusted will help to make sure there aren’t any last minute setbacks.
Always Get Title Insurance
To make sure your home truly belongs to you, it’s best if you have a title search completed. A title search will see if there are any claims on the property that could invalidate your investment. Since this is a legal shield for your claim to your property, it helps you steer clear of unnecessary complications if there is an unknown property claim.
You need to get owner’s title insurance. Your lender will probably require you get title insurance that covers them but you must also get a policy that covers YOU! I know this seems like overkill but it can save you a ton of money and heart ache later!
Buying a house is a major investment with challenges you may not know about. But by buying title insurance and getting a lawyer to look through your documents, you can easily make your house purchase go smoothly. If you’re planning on purchasing a new home soon, you may want to contact your local Realtor for more information!