Keller Williams Realty - Loveland Colorado

Continuing our series on buying a home…
Once an offer has been accepted, the property is called “under contract.” In the contract, a closing date is set. Usually this date is four weeks out. The next steps are to line up financing, get an appraisal, and have an inspection done.
This is where a good credit score is important. Building good credit is needed to purchase items such as a car and a home, with a home being the more important of the two. All of those late payments on credit cards and bills ding people right here. For you who have taken care of all of your small financial obligations on time, the banks are a bit more flexible here. The lender then orders and appraisal and does your loan and works toward getting you approval on your loan.
The purpose of the inspection is to really look at the integrity of the home, such as do the appliances work? Electrical and plumbing, furnace and other items are all checked. Once all of these are done and you have loan approval then paperwork is done for your closing.

Once the paperwork has come back, the closing file is put together. Next step is the closing meeting!