Finding a new home involves several steps, with closing being the final one. The closing process starts after signing a purchase agreement and making an earnest money deposit, typically occurring 30 to 45 days later. Key steps include funding, title search, title insurance, home appraisal, home inspection, homeowners insurance, final walkthrough, and the closing meeting. During closing, important documents are signed, including the closing disclosure, which outlines loan terms and costs. Legal assistance can be beneficial for first-time buyers navigating this complex process.
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