The final days before closing on a property are often the most stressful. While the finish line is in sight, performing a few critical due-diligence steps can prevent a dream home from turning into a financial nightmare.
1. Conduct a Thorough Final Walkthrough
Never skip the final walkthrough, even if you’ve already had a professional inspection. This is your last chance to ensure that the seller hasn't removed agreed-upon fixtures, that no new damage has occurred during the move-out, and that all major systems—HVAC, plumbing, and appliances—are still in working order.
2. Verify Completed Repairs
If your initial inspection resulted in a "repair addendum," you must verify that the work was actually completed. Don't just take the seller's word for it; ask for copies of paid invoices from licensed contractors. If the repairs were significant, such as roof work or electrical upgrades, consider having your inspector return for a quick re-check.
3. Review the Closing Disclosure (CD)
Your lender is required to provide the Closing Disclosure at least three days before you sign. Compare it line-by-line with your original Loan Estimate. Look for unexpected fee increases, incorrect interest rates, or missing credits. Even a small clerical error can cost you thousands over the life of the loan if not caught before the ink dries.
4. Confirm Utility Transitions
Ensure that all utilities—water, electricity, gas, and trash—are scheduled to be transferred into your name on the day of closing. You don't want to arrive at your new home only to find the power has been cut or the pipes have been drained for the winter. This is also the time to schedule your internet and security system installations.
5. Secure Your "Move-In Day" Services
The gap between closing and moving in is the best time to handle services that are difficult to do once furniture is in place. Schedule professional deep cleanings, lock re-keying, and minor repairs like painting or floor polishing. Having these "convenience" services lined up ensures your first night in the new home is actually restful.
The Power of Preparation
Closing on a home is a marathon, not a sprint. By staying organized in the final 72 hours, you protect your investment and ensure a seamless transition into your new life. Remember: once you sign the papers, the property's problems become yours.