Contracts and closing

One of the major up-front costs in buying a home is the investment time. The average household spends more than 4 months house hunting and looks at an average of 20 houses before closing a deal. In addition, you also spend time trying to find the best price of an attorney who will assist you with the legal issues in purchasing your home.

Much of the paperwork involved in closing is done by notary. You may be involved in some of the closing activities and not in others. Before you close on the house, you should have a final inspection, or walk-through, to make sure any repairs you requested have been made and that items which were to remain with the house are still there.

At the closing, ownership officially is transferred from the seller to you. It will involve you,  the seller and your notary. Closing can take an hour to sign all the forms and transfer ownership......CONGRATULATIONS!!