There are many stages in the home purchasing process, but once your offer has been accepted, you’re just a few steps
away from owning a home. It’s essential to not rush through your home closing in order to property fulfill all
needed steps to ensure the process goes smoothly. 

Establish an escrow account 

It’s in your best interest to establish an escrow account. This account acts as a third party to keep your funding
safe as you negotiate and work with the home seller. 

For example, many home sellers request the potential homebuyer to put down earnest money. This funding displays the
homebuyers’ seriousness about the property. An escrow account keeps this money safely and acts fairly on behalf of
both parties. 

Home inspection 

There are so many things to be excited about when finalizing your home purchase, which may make it tempting to rush
through things to get to the finish line. However, it’s best to not graze over completing a home inspection. 

A thorough home inspection can pinpoint any issues the property may have which could be deal breaking.  If
issues with the property are found, the homebuyer can negotiate with the home seller to resolve these issues or
adjust the price of their listing. 

Review paperwork 

Before wrapping up the homebuying process, it’s crucial to review all paperwork with your real estate agent to get a
better understanding of the deal being made. This paperwork includes tax declarations, all title documents and the
purchase agreement. 

Many papers may need your signature, but in addition to signing the right documents, this review gives you a chance
to catch any errors before your signature becomes binding. 

Be meticulous when you wrap up your home purchase. Working with a knowledgeable real estate agent can help you move
through the closing process with ease.