Congratulations, on navigating the thrilling (and at times nerve-wracking) quest of discovering your residence in the delightful town of Franklin, Tennessee! Following a series of engaging property viewings negotiations on offers and thorough inspections you are now poised to embark on a phase; owning a home in Franklin!
we recognize that the closing process can seem daunting. However, fret not! We are here to assist you every step of the way ensuring an triumphant transition into your Franklin abode.
Pre Closing Checklist;
1. Loan Approval; Your lender will furnish a loan commitment letter detailing loan terms, interest rates and closing expenses. It is imperative to grasp all nuances before affixing your signature.
2. Title Insurance; Safeguard yourself against any property ownership disputes with title insurance. Your real estate agent or legal counsel will provide guidance throughout this process.
3. Homeowners Insurance; Prior to closing ensure that you have procured homeowners insurance coverage. Explore providers for quotes to secure protection, at competitive rates.
On closing day;
- The closing usually happens at a title companys office or an attorneys office.
- Be ready to sign documents, such as loan papers, title documents and the sales contract. Your real estate agent or attorney will guide you through each document before you put pen to paper.
- Prepare a cashiers check. Arrange for a wire transfer to cover the closing costs. These costs typically include fees for loan origination title insurance, escrow services and prorated property taxes. If you’re buying property in Tennessee there might also be a deed tax involved.
- Once all paperwork is signed and fees are settled you’ll get the keys to your home! Congratulations, on becoming a homeowner in Franklin!
Some extra tips;
- Take your time reviewing all documents and don’t be afraid to ask questions before signing.
- Remember to bring along a government issued ID for verification during the closing process.
- Make sure your agent is present; Your real estate agent will be there to support you and address any queries you may have during the closing phase.
Why Pick Franklin Real Estate?
we’re more, than real estate agents. We are Franklin specialists! With a combined experience of years navigating the Franklin market we possess an understanding of the towns history diverse neighborhoods and a commitment to helping individuals fulfill their dream of homeownership in this friendly community. We’ll be with you every step of the way, from discovering your home to guiding you through the closing process.
Ready to own a home in Franklin?
Reach out to Franklin Real Estate today! We can’t wait to assist you in turning your homeownership aspirations into a reality in Franklin.
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