Buying a home, especially as a first-time buyer, can be an exciting time. Selling a home, no matter how small or large, can be daunting. Whether you are buying or selling, the transaction has various hurdles that must be dealt with before a closing actually occurs. These include:
- Physical inspection
- Contract creation or negotiation
- Amendments and addendums
- Mortgage contingency
- Satisfying lender loan underwriting requirements
- Title search and marketable title
- Clearing a loan for closing
- Closing scheduling
- Closing documentation preparation