As you progress through the process, stay well-informed:
The Initial Agreement and Deposit
- Document all agreements in writing to maintain clarity.
- Adhere to the established timeline to avoid delays.
The Closing Agent
- A closing agent will ensure title clearance and manage paperwork.
- Buyers’ closing costs typically range from 4.5% to 6% of the purchase price.
Title Considerations
- Consult with an attorney or tax advisor to determine the most suitable title-holding method.
Inspections
- Property inspections can be invaluable to assess its condition.
- Address any concerns or renegotiate terms as necessary.
Property Insurance
- Safeguard your investment against natural disasters.
- Insurance costs vary based on property type and features.