Guide For First Time Home Buyers - Step 8
Step 8: Finalize everything
Your inspection went well...what a relief! Now it's time for to finalize the deal. This is the last step before you get the keys to your new home.
You and your REALTOR will do a final walk through of the home. Here is a partial checklist of what you'll be looking for when you do your final walk:
Turn on light fixtures
Run water in all faucets, and look under the sink for leaks.
Flush the toilets completely.
Test all appliances, including lights and timers.
Run the garbage disposal and exhaust fans.
Test the heating/air conditioning unit.
Check your garage door openers.
Open and close all doors, including closets and storage areas.
Open and close all windows.
Inspect all ceilings, walls, and floors.
Make sure all debris is removed from the home.
Then you'll want to close on your home!
Term to know:
Closing or settlement: when the ownership of the property is transferred to the buyer.
The closing process includes closing costs, loan fees, title charges, signing the deed and other papers required by law or by the lender, etc... Again, your REALTOR will help you with this process!
Following the closing meeting, the keys to your new house are presented to you!
Look for my LAST step in buying your first Phoenix home.
If you missed former steps of the first time home buyer process:
Guide For First Time Home Buyers - Step 1
Guide for First Time Home Buyers - Step 2
Guide For First Time Home Buyers - Step 3
Guide For First Time Home Buyers - Step 4
Guide For First Time Home Buyers - Step 5
Guide For First Time Home Buyers - Step 6
Guide For First Time Home Buyers - Step 7
Guide For First Time Home Buyers - Step 8
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Anna "Banana" Kruchten
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