#1
Time to Start Moving In!
Some celebrate with champagne and some are just thankful to finish the deal! Either way, you’ll want to do a few housekeeping things at this point in the process.
Final Walk-Through Inspection
The final walk-through is the last time you will inspect the house before purchasing. At this point, the contingencies in the Purchase Agreement should be met and all of the seller’s belongings removed from the home. Usually, the final inspection takes place the day before or the day of closing.
Closing
When you are satisfied with the inspection, then, it is time to close. You, the seller, and the closing agent will sign the settlement agreement, which details the financial transactions enacted through the process to certify its accuracy. You will sign your loan documents and deposit the balance of your down payments and closing costs to escrow. If you are bringing funds to the transaction, then you can choose to either bring a certified bank check to the closing in the amount specified in the settlement statement, or you can have the funds electronically wired to the escrow account. Once everything has been completed, the deed will be recorded at the County Recorder’s office and you will officially take ownership of your property.
When you are ready to get started, call us at 479.733.7325 or complete the form and one of our experienced agents will be in touch.
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Tips For Buying The Perfect Home
Don’t Max Out Your Budget
Being approved for a maximum amount does not mean you should spend it all on the purchase price. Reserve funds for closing costs, taxes, and potential repairs or improvements.
Get To Know The Area
Spend time in the neighborhoods you are considering. Northwest Arkansas is a thriving, diverse region, and finding the right community for your lifestyle matters.
Never Skip The Home Inspection
A thorough inspection is one of the most valuable steps in the entire process. It surfaces issues you might not otherwise see and gives you the information needed to make a truly informed decision.
Get Pre-Approved
Pre-approval signals to sellers that you are a serious, qualified buyer, not just browsing. It strengthens your offer and speeds up the closing process.
Make a List of Deal Breakers
Know what you can live with and what you cannot live without and also those things that can be taken care of with a simple remodel. If you need a 4 bedroom home, don't buy one with 2 that requires a massive addition which can break your budget.
Look At The Age Of Appliances & Other Systems
Some of the most expensive features of a home are Appliances, HVAC, Hot Water Heater, Septic/Well, and Roof. You should pay attention to their age and whether they have required service. You may even be able to get the seller to add a home warranty.
Check For HOA Requirements
Most neighborhoods have HOAs that govern what you can and can't do - be sure you know what the rules are for your neighborhood, and the fees associated with having an HOA. They are usually listed as annual fees.
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What Price Range Can I Afford?
Resources For Northwest Arkansas Home Buyers
The journey to homeownership starts by understanding how much you can afford. One major thing to consider is your down payment, if any. Many consumers believe it's impossible to buy a home without at least 20 percent down. But thanks to various government-sponsored programs, many people can now buy a house with as little as 3.5 percent toward a down payment. Veterans of the U.S. military have zero-down programs available.
Finding a knowledgeable Mortgage Loan Officer is key to receiving the most up-to-date information on available lending options. Feel free to check out or vetted list of preffered lenders below - or, if you just want to run some quick rough numbers, check out our free mortgage calculator.
Northwest Arkansas Real Estate
Areas We Serve
- Northwest Arkansas
- Fayetteville
- Springdale
- Bentonville
- Rogers
- Lowell
- Farmington
- Centerton
- Prairie Grove
- Pea Ridge