THE 4-1-1 ON FINALIZING THE DEAL
Once you decide you want to make an offer on a house, the home-buying process goes into overdrive. Your real estate agent and lender will guide you through this final leg of your journey, but here’s a high-level overview of what to expect:
01 Make an offer.
Your real estate agent will help you offer a fair price for your home.
02 Negotiate.
The seller can accept your offer, reject it or make a counteroffer. Keep in mind that closing costs can be negotiated, too.
03 Sign the contract.
• Put down earnest money and apply for a mortgage.
• Schedule an inspection.
• Get homeowner’s insurance.
• Consider buying a home warranty to cover repairs or replacements for major home appliances and systems due to normal wear and tear.
04 Complete the final walk-through and close on the home.
• Pay your down payment and closing costs via wire transfer or cashier’s check.
• Attend the closing and sign the papers.
• At Dominion Energy Credit Union, we make it easy to close on your loan – if you aren’t local, we can send a settlement agent to you.
