Everything You Need To Know About Buying a Saint Clair County IL Home – Part IV

24 Jul

You’re getting close to the finish line and will soon be the owner of your first home. Just a few more steps to go…

saint clair county il home1. Insurance

Adequate homeowner’s insurance is a requirement of all lenders, and it is certainly in your best interests to protect the investment you’ll be making in your Saint Clair County IL home. To find the policy that is right for you, you should shop around for the best value. Check online (some companies offer a discount of 30%-40% if you buy online) for quotes from at least three reputable agencies. Check to see if you need flood insurance. Know the replacement value of your home, keeping in mind inflation increases.

2. Final Preparations

As the settlement date approaches, check with your lender to make certain all necessary documents are in order and are being prepared. You will also want to set up utility services in your name. Ask your real estate agent about the type of payment and amount to bring to the closing. It is a good idea to bring all paperwork associated with the purchase of your Saint Clair County IL home to the closing.

3. The walk-through

You are entitled to an inspection of the property before closing. Make sure all conveyed items are present, there is no new damage, agreed-to repairs have been completed, and the home is in good working order. Your realtor will have a checklist. Items to be checked out are numerous and include both the exterior of the home as well as the interior The house should be empty, except for conveyed items, and “broom-swept“ clean. If any problems arise, your realtor will request repairs or monetary compensation from the seller.

4. And finally…the closing!

You will receive a settlement statement listing all the costs you’ll be required to pay at the table. You’ll be required to bring a certified check and a photo ID with you. The attorney will briefly explain each document you are asked to sign. Don’t be afraid to ask questions or take time to read a particular paper. The attorney will also arrange for the collection and disbursement of all funds

AND, after all these steps have been completed, you will be handed the keys to your first ­­­­­­­Saint Clair County IL home! Congratulations!

Search all Saint Clair County IL Real Estate And Homes For Sale.

Holly Norton offers unparalleled service in the Saint Clair County IL real estate market. Holly assists buyers looking for Saint Clair County IL real estate for sale and aggressively markets Saint Clair homes for sale. Holly serves the entire Saint Clair County Illinois real estate market including the surrounding communities such as Fairview Heights, Belleville, Swansea, Shiloh, O’Fallon, Freeburg, Smithton, Mascoutah and Millstdat area.

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