How to Close on a Home Quickly

The key to reducing the buying process of a home is knowledge. The more informed you are the quicker you will close the transaction. In the real estate market of today everything is based on short sales, bank collapses and foreclosures which is why you need to be informed all the time. Being informed means that you can put the right questions and thus get the right answer. This is the way you will buy a house faster.

To close the transaction on the spot make sure that you bring you cash in certified fund and not in checks. If you bring the money needed in checks this will delay the transaction with up to two weeks because it take this amount of time until the escrow company cashes the money and gives its approval on the funds. Before you send the cash ask the escrow company through which channel they would like you to send your money, you can choose between wire transfer, cashier check and mail. If you decide to send the cash through mail don´t forget to use a tracking number because this is the only way you can prove that you have sent the money.

When it comes to hiring a real estate agent be wise and chose an experienced one. A good way to detect the right real estate agent is to ask a simple question: Why should I hire you?.. Only an experienced real estate agent will be able to give you several reasons on why you should hire him. Most real estate agents have a plan when they start this kind of process, just in case something occurs.

The contract of sale should be as clean and as simple as possible. If you write all the details down and the when they should be done than you will have no problem. In the contract you should specify that the person who makes the offer has the possibility to change its mind this way you are protected in case you change your mind about buying the house or if you want to renegotiate the contract.

Write down all the insurances you have. You should have a home insurance policy and give the number of your insurance and the telephone number of your insurance broker to your escrow officer just to make things move quicker.

These are the things you need to take into account when you want to close the transaction of buying a home faster.