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9 Steps to Closing On Your Home

You've just put in an offer on your dream home, and now you're left wondering, 'What happens next if it gets accepted?' Well, the journey to homeownership is an exciting one, but it's not without its twists and turns. Closing on a home involves a series of nine crucial steps that prospective homeowners should anticipate. The journey begins with "getting under contract," where you and the seller agree on the terms of the sale. Next, you'll need to "send in your deposit" to demonstrate your commitment to the purchase. "Title request" and "title search" follow, ensuring the property's legal status and ownership. "Inspections & due diligence" grant you the opportunity to assess the property's condition and feasibility. The process advances to "finalizing the accounting," where financial details are sorted out. Securing a home loan comes next, with "getting approved for your loan" and "sending in the loan documents." Finally, you'll "get all the funds into the attorney's trust account" to facilitate a smooth and successful home closing. These nine steps, though intricate, guide you toward your dream home. 00:00 - Going Under Contract 00:20 - Deposits 01:13 - Title Request 02:06 - Title Search 02:39 - Inspections 03:11 - Accounting 04:25 - Clear to Close 04:47 - Loan Docs 05:33 - Getting Funds In