Alison Brown, Realtor, Coldwell Banker Residential Brokerage President’s Elite, CRS, CBR


The weeks and days leading up to a home closing can be stressful, particularly for a homebuyer who is already trying to do everything possible to secure his or her dream residence. Fortunately, we're here to help you simplify the process of getting to your closing date.

Now, let's take a look at three tips to ensure you can enjoy a fast, easy home closing.

1. Get Your Paperwork Ready

It often helps to get all of your homebuying paperwork ready before you pursue a residence. That way, you can minimize the last-minute stress associated with searching far and wide for pay stubs, tax returns and other documents that you'll ultimately need to get financing for a residence.

Furthermore, you should meet with local banks and credit unions as soon as you can. If you can get approved for a mortgage prior to starting a home search, you may be able to speed up the process of acquiring your ideal residence.

2. Be Prepared to Cover Your Closing Costs

Although you might have financing to cover your monthly mortgage payments, it is important to remember that you may need to pay closing costs to finalize your home purchase. As such, if you begin saving for your closing costs today, you can guarantee that you'll have the necessary funds available to purchase your dream residence on your scheduled closing date.

Also, you should be prepared to present a cashier's check or wire funds when you close on a house. If you plan ahead, you should have no paying off your closing costs when your complete your home purchase.

3. Schedule Your Final Walk-Through Before Your Closing Date

When it comes to a final walk-through on your dream house, why should you leave anything to chance? Instead, set up the final walk-through at least a few days before you're scheduled to close on a house.

If you find problems with a house during a final walk-through, you'll want to give the seller plenty of time to address these issues. Thus, if you schedule a final walk-through several days before your closing date, you can ensure that any home problems can be corrected without putting your closing date in danger.

For homebuyers who are worried about a home closing, there is no need to stress. In fact, if you work with an expert real estate agent, you can receive plenty of support throughout the homebuying journey.

Typically, a real estate agent can explain what you should expect in the time leading up to your closing date. If you have any concerns or questions before a home closing, a real estate agent is happy to address them. Plus, when your closing date arrives, a real estate agent will help you remain calm, cool and collected as you purchase a home.

Ready to streamline the process of closing on a house? Use the aforementioned tips, and you can reap the benefits of a quick, seamless home closing.



3 Acorn Circle, Medfield, MA 02052

Single-Family

$975,000
Price

11
Rooms
4
Beds
2/1
Full/Half Baths
Delightfully charming & spacious expanded Cape with fabulous curb appeal! Nicely set on a cul de sac, this home offers a wonderfully flexible floor plan with plenty of space for all. The traditional character & ambiance makes this not just a house but a home. Generous sized rooms include, banquet sized dining room with pocket doors, elegant fireplaced living room w/ beautiful detailing and a fireplaced family room off the kitchen. The kitchen has lots of cabinets with a separate breakfast area. Front & back staircases access second floor where you find 4 very generous sized bedrooms and fireplaced sitting area and master with luxuriously updated full bath & laundry area. This home has it all. A three car attached garage, and huge deck across the back complete this wonderful package. The setting is exquisite! Enjoy Medfield's award winning schools and a town with great sense of community with its great town center, restaurants, shops and green space!
Open House
Sunday
February 23 at 1:00 PM to 3:00 PM
Cannot make the Open Houses?
Location: 3 Acorn Circle, Medfield, MA 02052    Get Directions

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3 Acorn Circle, Medfield, MA 02052

Single-Family

$975,000
Price

11
Rooms
4
Beds
2/1
Full/Half Baths
Delightfully charming & spacious expanded Cape with fabulous curb appeal! Nicely set on a cul de sac, this home offers a wonderfully flexible floor plan with plenty of space for all. The traditional character & ambiance makes this not just a house but a home. Generous sized rooms include, banquet sized dining room with pocket doors, elegant fireplaced living room w/ beautiful detailing and a fireplaced family room off the kitchen. The kitchen has lots of cabinets with a separate breakfast area. Front & back staircases access second floor where you find 4 very generous sized bedrooms and fireplaced sitting area and master with luxuriously updated full bath & laundry area. This home has it all. A three car attached garage, and huge deck across the back complete this wonderful package. The setting is exquisite! Enjoy Medfield's award winning schools and a town with great sense of community with its great town center, restaurants, shops and green space!
Open House
Sunday
February 23 at 1:00 PM to 3:00 PM
Cannot make the Open Houses?
Location: 3 Acorn Circle, Medfield, MA 02052    Get Directions

Similar Properties




 Photo by James DeMers via Pixabay

If you're hoping to make some major changes to your home, you're likely interested in the types (and terms) of financing available to you. The 203k loan was designed to give homeowners an attractive interest rate, so they'd be more likely to upgrade and modernize their homes. However, it's not available to everyone. Find out more about how the loan works and who qualifies. 

The Gist 

A 203k loan is granted by the FHA, though it's not the same as an FHA loan. You can apply for this loan at the time of purchase or after you've already owned the home for a while. Typically, these loans are granted to people who want to transform properties that have seen better days. So if you're buying a major fixer-upper in an abandoned part of town, you're more likely to qualify. Just as with any lender, you'll want to approach several before finding one for you. 

The Terms 

The interest rate that each homeowner qualifies for will depend on everything from the going rates to the homeowner's credit score. However, it tends to be around 1% more than a conventional home loan. A regular FHA loan has a minimum credit score of 580 but 203k loans typically require at least 640. You'll also need 3.5% of the total cost of the loan in order to qualify. (So if the repairs cost $10,000, you'll need at least $350 to get started.)

How Repairs Work 

These loans are only given to primary homeowners, as opposed to second, vacation or flipped homes, and you're typically not allowed to do the repairs yourself. These loans require you to have serious work completed by an approved contractor, despite the individual zoning laws of your neighborhood. Owners must include an itemized list of upgrades to lenders before being approved. If you aren't able to live on the property during the time of repairs, you can borrow up to six months of mortgage payments to counter the financial burden. 

Types of Loans 

You can either take out a streamline or standard loan. A streamlined loan is typically for those who need to make less than $350,000 in repairs, while a standard has no monetary limits. You can use a standard loan to essentially build an entire property, it only requires a small part of the foundation to exist before qualifying. As you might imagine, standard loans require a more intensive underwriting process. 

The 203k loan can be a great way for homeowners to get the home they want and take a big step toward revitalizing a neighborhood. And while not everyone qualifies, the terms of the loan are typically far more reasonable than conventional lenders. 



73 Indian Hill Road, Medfield, MA 02052

Single-Family

$799,900
Price

10
Rooms
4
Beds
2/1
Full/Half Baths
Welcome to Indian Hill, one of Medfield's sought-after neighborhoods. This beautifully maintained and updated 4-bedroom, 2.5 bath colonial with attached 2-car garage has been recently updated with hardwoods and a fresh coat of paint! A gracious foyer welcomes you to this home and connects to both the sun-filled front-to-back living room and formal dining room. You have an updated eat-in kitchen with Silestone countertops and slider which leads to an over-sized deck. The family room is stunning with the cathedral ceiling, built-in cabinetry surrounding the fireplace and connects to the sunroom/office with the attached mud area. All bedrooms have hardwood flooring and are all generously sized. Both bathrooms on second the floor have been updated. Looking for a game room? The finished area of the basement offers a great area for that Superbowl Sunday and exercise area. House sits on a great 3/4-acre lot and is close to Noon Hill Reservation and the Charles River!
Open House
Sunday
February 16 at 1:00 PM to 3:00 PM
This home will not last. Mint condition 4 bedroom garrison colonial with over 2830 sq ft of living. 3000 including basement. Hardwoods are beautiful throughout the house. Updated kitchen and baths. Perfect!
Cannot make the Open Houses?
Location: 73 Indian Hill Road, Medfield, MA 02052    Get Directions

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