The process of buying a home is often a complex one that may take several weeks to complete. However, there are actions that you can take to streamline the closing process and take possession of your North Carolina home in a timely manner.
Make a cash offer
Paying for a home with cash means that completing the transaction won’t depend on the whims of a mortgage underwriter. In some cases, it can take up to 30 days for a lender to verify your income, credit score and other financial information prior to making a final loan decision. Furthermore, making a cash offer can give a seller confidence that you’re making a serious bid to purchase his or her property.
Schedule the home inspection immediately
It may be possible to conduct an inspection mere hours after your offer has been accepted by the seller. You can further expedite the closing process by assuring the home’s current owner that the results of the inspection will have no bearing on your intent to buy the property.
Conduct a title search before making an offer
If there is a problem with the title to the home, it will likely be necessary to push back the closing date until it is resolved. Conducting a title search prior to making an offer on the property will allow you to discover and resolve any potential problems in a timely and proactive manner. For instance, if there is a lien against the property, you might be able to pay the outstanding debt at the same time you pay other closing costs.
If you are looking to buy a home, it may be in your best interest to do so with the help of an attorney. Legal counsel may be able to help you take possession of a home in a matter of days after your offer to purchase it has been accepted.