The Homebuying Process - Part 7 - Clear to Close!

Thank you for joining me for another episode of the Homebuying Process, in today's video we talk about every real estate professional's favorite 3 words; Clear to Close!

Clear to Close is the second to last step in the process, it is the moment where everything has been finalized and you as the homebuyer have been officially approved to purchase the home!

Once you receive the Clear to Close there are a few things that need to get done before the actual closing occurs.

The closing needs to be scheduled
The numbers have to be finalized
A final walkthrough SHOULD be scheduled
The utilities get transferred to you

Thank you very much for watching!

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[tealeaf]

I just got this good news. Can't wait to move in! 🙂

[RetrieverTrainingAlone]

Before closing, a final walk-through the property with your realtor to make sure the property conditions have not changed.
At least 3 days before closing the closing documents are sent to the buyer to review.
Arrange to have utilities in buyer's name (electric, internet, etc.)
At closing, a picture ID of buyers is required and funds are paid (can do this in advance) by cashiers check or wired funds to title company.
After closing, the deed is eventually mailed to the buyer, this can take a few weeks.

[takenbymistake]

This part of ctc feels like it takes forever, from the buyers eyes!! Great video helped me a lot as I’m currently in this process

[susanlaakso-leblanc]

Nicely done Eric! Very thorough with your information!

[doinitlive]

Can I still negotiate my rate after I am clear to close? I want to raise it a little so I can lower my closing costs. Thank you