(Closed) Any advice from those who are newly homeowners?

posted 8 years ago in Home
Post # 3
Member
1074 posts
Bumble bee
  • Wedding: May 2009

Make sure you know how much money you’ll have to bring ‘to the table’ and in what form (we had to have a cashier’s check, I think). Practice your signature! 🙂 That’s it! Congrats! 

Post # 4
Member
11327 posts
Sugar Beekeeper
  • Wedding: February 2011

enjoy it!! Honestly I was prepared for the worst at closing. My mom told me when they closed on their first house she cried all the way home. But it was not that bad. We signed a whole bunch of papers, were out an hour later and we were homeowners! I guess my only advice is, take your vitamins bc its going to be a busy/tiring week coming up!! 🙂

Post # 5
Member
529 posts
Busy bee
  • Wedding: October 2009

Ditto what JenniRae said – we had to get a bank check to cover our downpayment and closing costs and that was pretty much the only thing we had to bring with us.  You may have other things you have to bring but your realtor/mortgager should tell you.  Then prepare for a cramped hand because you have to sign soooooo many things.  Our closing went really smoothly.  The sellers were excited to get the house of their hands and we were excited to get the house!  It’s so cool when those keys change hands and the house is officially yours!  Good luck and have FUN!

Post # 7
Member
1752 posts
Buzzing bee
  • Wedding: June 2010

Yeah, the check thing is really the biggest thing.

People were like, oh my gosh, you are going to sign about a million things.

I probably signed my name 15 times.. it wasn’t that bad!  It took about a half hour and the woman explained everything really well!

Post # 8
Hostess
18646 posts
Honey Beekeeper
  • Wedding: June 2009

Make sure that you know how much you need.  We went to get our certified check the day before and then they called us early in the morning to tell us that it had changed.  Thankfully we could bring a personal check for the difference.  Other than that, just be prepared to sign everything in triplicate!

Post # 9
Member
144 posts
Blushing bee
  • Wedding: June 2010

closing for us was good, and easy! just make sure you know exactly how much you need for closing, and what form:) it take’s up to an hour, ours only took 30 min!! lol, and some states don’t let you have the keys for a few days, so ask about that too so your not let down. we got our right away and came to our new house and just walked around.. it’s pretty sureal! and congrats!!

Post # 11
Member
4123 posts
Honey bee
  • Wedding: October 2010

Know the money but also know “what” your buying. Analyze the numbers on the HUD before hand if possible.

Even if after closing the HUD is not correct, you could be liable for added costs… so just make sure it’s on the money 🙂

Post # 12
Member
85 posts
Worker bee
  • Wedding: November 2010

Triple check with your mortgage broker and real estate agent that everything is set to go.  Or even call the title company and double check with them.  I ditto the others in saying to make sure you are bringing the right amount of money in the correct form.  I was scrambling at the last minute to make sure that I had everything set to go, because my mortgage broker didn’t tell me everything that I needed to have.  

Post # 13
Member
41 posts
Newbee
  • Wedding: October 2007 - Organic farm an hour from San Francisco

I agree with practicing your signature.  I normally only sign initials which was a big “NO!!!!!!!!” when we got to the table. I had to make one up at the day of and try and be consistent.

Post # 14
Member
1944 posts
Buzzing bee
  • Wedding: June 2009

Agree with the pp but I want to add……ENJOY IT! This is an exciting, yes understandably stressful time, but such an experience that should be enjoyed. Have fun with it.

Post # 15
Member
3762 posts
Honey bee
  • Wedding: May 2010

Try to get the “settlement statement” as soon as possible (probably the 48 hours you were saying).   You will want to make sure you can go over this line by line and make sure everything adds up and matches.  If there is a surprise you want time to fix it!!!

Plan for a fun lunch or something afterwards and bring a camera!!!

Start stocking up on cleaning supplies!!!! 

Oh and if your stuff is packed up don’t but too much household stuff until you are unpacked.  I ended up with like 3 paper towel holders somehow!!

Post # 16
Member
1523 posts
Bumble bee
  • Wedding: September 2010

So, for closing try to determine how much money you will need to bring to the table. I had to run to the bank at 4:30 to get a cashier’s check the day we closed because the total amount needed was uncler until that point.

Be prepared that you may not get the keys that day. I think this will depend on your state’s laws. We had to wait 24 hours so that our documents could be acknowledged by the county. Don’t be mad if this happens, because it’s totally within the homeowners right to wait the 24 hours. The sellers run the risk of someone’s financing not going through and then having to formally evict them if they give the keys right away.

One last thing, are you planning on changing the locks on all of your doors? We decided to do this for safety reasons so we lock shopped a few days before closing. We were able to buy a system that uses one key to open all 4 of our exterior doors!

Good luck!

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