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25 Nightmare Scenarios That Can Disrupt Closing (And How to Avoid Them)

HomeLight

This can radically alter their debt-to-income ratio and jeopardize the whole deal. So get a contract, then call for a home inspection, and then call the insurance company — those are the calls that you make before you do anything else.”. In a traditional market, buyers won’t want to close until the issue is resolved.

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21 Dos and Don’ts When Buying a Home

HomeLight

Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. Real estate agents are professionals who know their local housing market, its conditions, and the homebuying process as a whole. Transaction details: the purchase agreement and a copy of your earnest money deposit.