Closing on your first home is one of the most exciting days! It is helpful to understand what to expect before, during and after the big day. The Southern Ocean County real estate market covers the areas of Stafford Township (including Manahawkin and Beach Haven West,Barnegat, Little Egg Harbor, Waretown and Long Beach Island but the closing process is very similar regardless of where you are buying your first home!
Prior to closing there are a things all buyers in the Southern Ocean real estate market should have ready. They are:
Your lender or attorney will let you know exactly what you need to bring on the day of closing but the above should be required in all transactions.
Prior to closing it is a VERY good idea to do a final walk-through of the new home. This is to ensure that no damage has taken place since you last saw the house and any repairs that were agreed to in the home inspection have been completed.
A closing is usually a very simple and amicable event. Closing will take place either at the title company, the attorney's office, the real estate agent's office or by mail. The buyer will arrive prior to the seller so he or she has time to review and sign the mortgage documents. Once the loan documents have been finalized and approved the seller and buyer will sign the HUD documents which finalize the closing.