Responsive Menu

3 Things to Do Before Closing On Your Home 

Closing on your new home is an exciting, but detailed process. We are here to help ease the transition and make sure everything is covered. Whether this is your first or fifth home, here are three things to do before closing on your home.

1. Get a Home Inspection

Home inspections are a way for the buyer to understand everything about the property. A seller is required to disclose all matters that affect the value of the property, but sometimes things can be missed. Having a licensed inspector check the home before closing can save you if something is left out of the disclosure. Once you finalize the purchase, anything wrong with the property becomes your responsibility. If anything is found, you can request that the seller fix the issues or cancel the contract.

2. Estimate Closing Costs

Many people forget about closing costs when buying a home. Closing costs are the final payments made during the home-buying process. Before the purchase is official, the buyer must pay insurance, appraisal fees, taxes, and any other fees associated with buying the home. These costs can be anywhere from 2% to 5% of the total purchase price. Make sure to factor this cost into your savings plan so you are prepared at closing.

3. Get Home Insurance

Home insurance is a requirement from mortgage lenders before they agree to finance your home. Home insurance not only protects your property and your belongings, but it also protects the mortgage lender’s investment in your home. Home insurance can provide money to repair or rebuild your home if it is damaged by a covered event, like a storm or fire. Home insurance also gives additional living expenses if you need somewhere to stay while your home is being repaired and can cover legal and medical expenses if someone is injured on your property.

Call or email us to get a quote from any of our A-rated 35+ carriers for your home insurance.

Please note that this is not a comprehensive list of things to do before closing on a home. Seek out a real estate professional before purchasing a home.

Learn More About Your Options

Our experienced team is here to help you every step of the way.

Categories

Recent Posts

Ready to Learn More?

Connect with one of our insurance specialists today.

Why Choose FBC Insurance Services?

At FBC Insurance Services, we are committed to providing our clients with outstanding customer service. We have access to many different A-rated insurance carriers that are able to provide coverage across the country. This means we will shop them all and find the best insurance offer whether it’s for your home, flood, auto, motorcycle, boat, recreational vehicle, or personal policy. We also offer bundling of policies to provide you further discounts and savings.

All information presented is for educational purposes only and not intended as financial advice.

Browse More Blog Posts

Why Are Home Insurance Rates Rising? 

Why Are Home Insurance Rates Rising? 

Home insurance rates have increased over 20% since 2023. More claims from natural disasters are being submitted, meaning insurance companies are raising their rates. While the increased rates are being experienced all over the country, there are some ways to possibly...

read more
Home Insurance Basics

Home Insurance Basics

Home insurance is an important coverage that will protect you against financial loss and damage in the event of a theft or a disaster. The insurance company will pay for the damage or loss that is written in your policy in exchange for you paying a premium. While home...

read more
Why Are Auto Insurance Rates Rising?

Why Are Auto Insurance Rates Rising?

Auto insurance rates all over the United States have been increasing over the past few years. Florida is no exception, with auto insurance rates being almost double the national average. While there are some external factors that contribute to rising costs, there are...

read more