Things to prepare for when going through the closing process

The home buying process in Texas is long and complex, but closing is the final step. It's when you sign all the paperwork and officially become the owner of your new home.

Here's what you need to know about the closing process:

• When does closing happen? Closing usually happens 30-60 days after you've made an offer on a home.
• Where does closing happen? Closing usually happens at a title company or escrow office.
• What happens at closing? At closing, you'll sign a lot of paperwork. This includes the mortgage loan documents, the deed to the property, and the settlement statement. You'll also pay any closing costs, such as title insurance and appraisal fees.
• How much does closing cost? Closing costs can vary depending on the location of the property and the type of loan you're getting. However, they typically range from 2-5% of the purchase price of the home.
• What do I need to bring to closing? You'll need to bring your driver's license, proof of income, and any other documents that your lender has requested.
• What happens after closing? After closing, you'll receive the keys to your new home and you can move in!

Here are some tips for making the closing process go smoothly:

• Be prepared. Make sure you have all the necessary paperwork and that you understand all the terms of the loan.
• Ask questions. If you don't understand something, don't be afraid to ask your lender or the title company.
• Be patient. Closing can be a long process, so be patient and don't get frustrated.
• Enjoy your new home! After all the hard work, you're finally a homeowner!

Here are some additional things to keep in mind during the closing process:

• Make sure you have a good understanding of the closing costs and what they cover.
• Be prepared to answer questions about your financial situation and your plans for the property.
• Be sure to get a copy of all the paperwork you sign at closing, including the mortgage loan documents, the deed to the property, and the settlement statement.
• If you have any concerns or questions about the closing process, be sure to speak up.

As an avid Real Estate investor in the state of Texas, Grant Trevithick has closed on hundreds of homes, but as always it is important to consult with an attorney and an accountant before going into any Real Estate deal. If you would like to learn more about how Owner Finance can build you generational wealth make sure to check out https://ownerfinanceacademy.com/