Interactive Map Search

Use our Interactive Map Search tool to view properties directly on the map. Easily view listings in your favorite neighborhoods.

Search

Follow Me on You Tube.. New Videos EVERY Monday!
SubscribeToMyChannel

What's Your Home Worth?

Are you thinking of selling your home? Get a free evaluation and market analysis of your home with absolutely no obligation.

Get Valuation
 
               House Closing Timeline | 9 Steps to Closing on Your Florida Home

The closing timeline on your new house does not have to be confusing! In this video,I go over the 9 basic steps of what to expect and WHEN they occur..Always stay ahead in the process, and you'll have a smooth ride, all the way to the Closing Table!

 

Yea! You Found your ideal Home and you are now officially in contract for purchase of your new home.

Now what?

The Closing timeline on a new home can seem like a confusing process, especially if you’ve never done it before! But it doesn’t have to BE.

I’m Lisa Kelly, Lakeland Homes and Lifestyles with Premier Realty.

Today, I’m going to clarify the 9 Basic steps of the closing timeline. By the end of this video you’ll know exactly what and when to expect during your closing process.

So let’s dive in!...

1.  Open an Escrow account

 

Your First step is to make your Earnest Money Deposit or any other required deposit. This is held by a neutral party such an attorney or title company. In Florida,  you have 72 hours from the time the last party signed your fully executed purchase contract. 

 

2.  Obtain a home inspection

 

You should hire a qualified third-party home inspector to inspect everything inside and outside. A separate inspection for pests is also necessary.

Depending on the age of the home and certain structures, you may also need a 4-point inspection in order to obtain homeowners insurance.

You’ll typically have 10-15 days to complete all your inspections. However, you’ll want to do your inspections right away, and not wait Just in case you need to negotiate repairs or adjustments to your purchase contract within your inspection period.

 

Which brings us to # 3. Renegotiate your purchase contract, if necessary

Most of our Florida purchase contracts are written “as-Is” with the right to inspect.

.So what happens if your inspector finds a major issue and you have an “as-is” contract?  

In this case, the seller does not have to agree to any repairs or lower the purchase price..But doesn’t mean you can’t ask! In most cases it is in the sellers best interest to deal with the issues now, because these items will come to light again.

But for some reason the seller flat refuses to work with you, you can then back out of your contract and get your earnest money deposit refunded..

Just make sure you have stayed within your contractual timeline period.

4.  Complete your mortgage application

If you are financing your new home, You will need to go through the mortgage application and approval process.

 

 Your lender should have provided you with a list of documents they’ll need to start the process.

 

 Your lender should also provide you with a loan estimate showing your terms, closing costs, estimated monthly payment . Hopefully, you already had your piliminary  documents into your lender when you were pre-approved in order to sped up this part of the timeline.

 

While your lender is preparing your file for the first round of underwriting, Your appraisal will be ordered

5.  The lender appraisal.

 

Most  lenders will request an appraisal of the home’s value, and as the buyer, you typically pay the appraisal fee.

The goal is for the appraiser to value the home for at least as much as your agreed purchase price.

If the appraisal is low, you may need to renegotiate the price with the seller as a lender will approve only to the appraised amount.

6.  Get homeowners insurance

Not all home owners insurance rates are the same. Shop around and get at least 3 quotes. Just make sure you are comparing rates with the same coverage. Ask your Realtor for a list of reputable home owner insurance brokers to call. You also may want to start with the company you have your car insurance through. Sometimes they offer ‘bundle’ discounts.

7. Time for the closing documents

Once your loan is approved, your lender will notify you that you are now CLEAR TO CLOSE! Congratulations! This Means you have successfully completed all the mortgage requirements! And you’re almost to the finish line!.

The escrow or title agent will now contact you to schedule the time of your closing and let you know  what you need to bring to the closing table. This may include wiring instructions and closing disclosures.

 It’s a good idea to review this with your attorney, if you have one, or your Realtor.

m

8. Final walkthrough of Your New Home

Right before your scheduled closing,  you will do a  final walkthrough of the home. This not a formal licensed inspection. It is simply to be reassured the home remains “as we know it” and  nothing has been removed that is included in the purchase contract.  

 

9. Sign on the dotted lines 

The final step is to sign the papers. If you are financing, be prepared to sign A LOT! Some closing packages can be up to 100 pages long. Your closing agent with summarize all of these pages for you, However, one key thing to insure is correct is your interest rate and that there is no penalty for prepayment. Bring your attorney or Realtor with you if you’re not sure about translating all of the legalese. 

After all the signing has been done, and wired closing funds received by the lender you are handed your keys!

 Congratulations! You did it! You are now a Homeowner!

 No two closings are alike, and we just discussed the basics here. Making sure you have experienced representatives that can head off potential  problems before they happen,  is the key to a smooth closing…… and really…the hardest part is the waiting!

 

 

Contact Me

 

What my clients are saying  

My experience while purchasing my first home was the best experience I've ever experienced. With Lisa's guidance it was a stress free experience. She made sure I was comfortable and understood every step. She gave her opinion from the heart. You can tell she genuinely wanted you to have the home you desired. She is very personable and that's great when you are purchasing a large investment. I am forever grateful of her help. So if you are looking to have a wonderful experience while purchasing or selling any property Lisa Kelly Realtor is the way to go.

 

~ Candace Engram

Candace Engram ????? 18 weeks ago My experience while purchasing my first home was the best experience I've ever experienced. With Lisa's guidance it was a stress free experience. She made sure I was comfortable and understood every step. She gave her opinion from the heart. You can tell she genuinely wanted you to have the home you desired. She is very personable and that's great when you are purchasing a large investment. I am forever grateful of her help. So if you are looking to have a wonderful experience while purchasing or selling any property Lisa Kelly Realtor is the way to go.

 

~ Candace Engram

Greg Raymond ????? 43 weeks ago Finding and buying the right house can be a difficult and daunting process. When my wife and I found our home online, we needed someone local to the property to assist us as we were out of state. Lisa came recommended by a local acquaintance and she was quick to respond to our call. She was collaborative and professional throughout the process, and was attentive to our needs and questions through closing. I would certainly recommend her!

 

~ Greg Raymond

I had such a positive experience working with Lisa. Not only is she a complete professional, but such a compassionate human being. Her knowledge guiding me through the Florida real estate process was so helpful as a first-time Florida homebuyer. She was always prompt and responsive while going above and beyond. She attended all key inspections in person and kept me informed throughout the entire process. If you are looking for a great real estate experience, look no further. Lisa is your gal to get the job done. I will definitely be working with her again in the future.

 

~ DJ Bradley

I had such a positive experience working with Lisa. Not only is she a complete professional, but such a compassionate human being. Her knowledge guiding me through the Florida real estate process was so helpful as a first-time Florida homebuyer. She was always prompt and responsive while going above and beyond. She attended all key inspections in person and kept me informed throughout the entire process. If you are looking for a great real estate experience, look no further. Lisa is your gal to get the job done. I will definitely be working with her again in the future.

 

~ DJ Bradley

We can’t say enough good things about Lisa Kelly! From the moment she stepped through our front door, she demonstrated all the characteristics you want in your realtor: integrity, friendliness, optimism, thorough knowledge of her field, state-of-the-art technical savvy, unflagging energy and sensitivity to all our own needs and feelings. Our house sold in four days and we are certain this success was largely due to Lisa’s skill and hard work. We highly recommend Lisa Kelly to anyone looking for a top notch realtor!

 

~ Tom and Kim Manske

We can’t say enough good things about Lisa Kelly! From the moment she stepped through our front door, she demonstrated all the characteristics you want in your realtor: integrity, friendliness, optimism, thorough knowledge of her field, state-of-the-art technical savvy, unflagging energy and sensitivity to all our own needs and feelings. Our house sold in four days and we are certain this success was largely due to Lisa’s skill and hard work. We highly recommend Lisa Kelly to anyone looking for a top notch realtor!

 

~ Kim Manske

Kim Manske ?????Aug 21, 2020 We can’t say enough good things about Lisa Kelly! From the moment she stepped through our front door, she demonstrated all the characteristics you want in your realtor: integrity, friendliness, optimism, thorough knowledge of her field, state-of-the-art technical savvy, unflagging energy and sensitivity to all our own needs and feelings. Our house sold in four days and we are certain this success was largely due to Lisa’s skill and hard work. We highly recommend Lisa Kelly to anyone looking for a top notch realtor!

 

~ Joanna Grizzard

Sidney Wyland Lisa Kelly was our realtor that helped us with our move from Utah to Lakeland. She is a very good resource for us in Lakeland and helped us buy our new home. We found Lisa on the internet. She has helped us with all the contacts and scheduling to insure all things here went smoothly. The closing on our home was completed on time which was very important as we had are household goods being delivered from two different states. She also continues to be there for us for any referrals or help we may need here locally. I would highly recommend her to anyone buying a home.

 

~ Rick and Sidney Wyland

Just wanted to thank Lisa for a job well done. I worked with Lisa on 2 of our homes this past year. We sold one in June and another late in the year. Everything went smooth and all details were handled in a very professional manor. Thanks again Lisa; nice working with you. Lee Brown

 

~ Lee and Frankie Brown

We had been looking for a new home for about three months. We changed Realtors and began working with Lisa. She showed us a couple of places. We talked about limits on price and location. We looked again on a couple. We did not care for those. She emailed us about a home that was being restored for a flip. We met her at our current home. We liked the location and made an offer which was accepted. She did a great job getting the seller to accept and a wonderful job from there. The closing took about fifteen minutes. We have been very happy from that day on. Patricia and Bill Crabb

 

~ Bill and Patricia Crabb

We had been looking for a new home for about three months. We changed Realtors and began working with Lisa. She showed us a couple of places. We talked about limits on price and location. We looked again on a couple. We did not care for those. She emailed us about a home that was being restored for a flip. We met her at our current home. We liked the location and made an offer which was accepted. She did a great job getting the seller to accept and a wonderful job from there. The closing took about fifteen minutes. We have been very happy from that day on. Patricia and Bill Crabb

 

~ Bill & Patricia Crabb

Just wanted to thank Lisa for a job well done. I worked with Lisa on 2 of our homes this past year. We sold one in June and another late in the year. Everything went smooth and all details were handled in a very professional manor. Thanks again Lisa; nice working with you. Lee Brown

 

~ Lee & Frankie Brown

01/03/2017 - shunter317 Bought a Single Family home in 2016 for approximately $175K in Lakeland, FL. Local knowledge: Process expertise: Responsiveness: Negotiation skills: Lisa is an exceptional agent as she knows real estate law and the local market. She communicates and is extremely responsive to her clients questions and needs. She walked us through a complicated contract. We consider Lisa a new friend.

 

~ What Others Had to say

Highly likely to recommend 08/09/2016 - HappyBuyerNEOH Bought a Single Family home in 2016 for approximately $225K in Lakeland, FL. Local knowledge: Process expertise: Responsiveness: Negotiation skills: I highly recommend Lisa Kelly! She was awesome to work with through the whole process. Her communication and promptness went above and beyond my expectations. Working in the mortgage industry, I see all types of realtors, if you want a genuine, awesome, go getter- she is your girl!

 

~ What Others had to say

Highly likely to recommend 10/27/2014 - jessbparker Bought a Single Family home in 2014 for approximately $75K in Auburndale, FL. Local knowledge: Process expertise: Responsiveness: Negotiation skills: I cannot say enough about Lisa Kelly. She helped my husband and I buy our first home when we had limited funds and difficult circumstances. She is extremely knowledgeable about homes, market, taxes- anything you could want to know. She is also an excellent advocate for her clients during negotiations, which really came in handy when you're a nervous first-time home buyer.Less

 

~ What others had to say

Highly likely to recommend 02/22/2014 - par167 Bought a home in 2014. Local knowledge: Process expertise: Responsiveness: Negotiation skills: Lisa Kelly is the hardest working woman I know! If you are in the market to buy or sell take it from my personal experience she delivers results!In Polk County or anywhere else for that matter you will be hard pressed to ever get better service. Paul Renner.....

 

~ What others had to say

Highly likely to recommend 02/25/2012 - user027478 Bought and sold a Single Family home in 2011 for approximately $275K in Lakeland, FL. Local knowledge: Process expertise: Responsiveness: Negotiation skills: Lisa is the most professional realtor I've ever worked with... she's direct, honest, highly-knowledgable, very responsive and a consummate professional. She played fundamentally important roles in helping us to sell our house in a tough market. She's a hard worker and also gave us great advice and we were able to sell after listing for about 30 days. She then helped us find and close on our dream home. Her persistance and negotiating savvy helped us buy a house that was not a very convential listing. If we'd had an average realtor, we'd have been a lot less successful with both our deals. I'd recommend Lisa to anyone who wants to work with a genuine professional. She could write a book on what it takes to be an outstanding service provider.

 

~ What others had to say

02/09/2012 - Alyson7707 Bought a Single Family home in 2009 for approximately $125K in Bartow, FL. Local knowledge: Process expertise: Responsiveness: Negotiation skills: We absolutely loved our experience with Lisa.. She is incredibly knowledgeable and dedicated to finding the home of your dreams. We couldn't be happier with the home she found us or the time we spent with her--she made the experience exciting and easy. We do not hesitate to recommend her to friends and family and will absolutely work with her in the future. Thanks again Lisa! -Michael & Alyson Elrod

 

~ what others had to say

Highly likely to recommend 02/08/2012 - AimeeWeed Bought a Single Family home in 2010 for approximately $100K in Auburndale, FL. Local knowledge: Process expertise: Responsiveness: Negotiation skills: Lisa was always quick to respond to my questions. I honestly think that my family and I would not be in this wonderful house without her hard work. She is honest, not afraid to give her opinion in a helpful way, and she is very knowledgeable in all aspects of her job.

 

~ what others had to say

Wonderful wonderful experience. Lisa is what I call a dream maker. I had the dream, and she made it a reality.Lisa's hard work, her quick response, her compassion in knowing I was a single mom purchasing my first house, has earned my loyalty in using her as my realtor for life.

 

~ what others had to say

Highly likely to recommend 03/09/2011 - reedswife11 Bought and sold a Single Family home in 2011 for approximately $75K in Lakeland, FL. Local knowledge: Process expertise: Responsiveness: Negotiation skills: This woman is amazing, we have run into every road block imaginable and she has negotiated our problems quickly and effectivly everytime. Always available and Always puts her clients first

 

~ what others had to say

More Reviews

Want to Know How Much Your Home is Worth?

Get Your FREE Home Market Analysis Report Right Now!

YES, SHOW ME NOW
G-YV0FBRN5V5