Things Not to Do Before a Closing

At Hawaii Development Group, we try to make the Hawaii real estate process as easy as possible. Often, we see a variety of sellers who are along the spectrum of experienced property owners and new property owners selling or buying for the first time and it can be hectic for many without an experienced real estate professional. We strive to ensure that the entirety of the closing process comes with ease for our clients and we advise on the following topics to ensure that level of ease.

 

Opening a new line of credit can have adverse effects on one's credit score and the last thing we want for our clients is to experience a negative closing process due to changes in one’s credit history. We always try to tell our clients to continue their normal financial life throughout the process until everything is finished.

 

A large purchase can have an impact on your financial history that will cause a new red flag on you as a person so try to withhold large purchases when possible unless it’s an exigency.

 

Often, we see people who want to break out into a new level of their career and it can completely ruin a closing process because you individually are changing your approved amount based on your income. Changing jobs, no matter the income level or stability, will rupture the pre-approval you once had so try to stay within your own job and remain in your normal financial life until closing is finished.

 

Increasing your already established credit limits could be damaging to your closing because while most pre-approved lenders do not typically pull your credit on the day of closing, it is still within their ability to do so and if they see an adverse change in your credit, it could damage the closing process itself. Try to not increase already established credit throughout the closing process.

 

While it is an exciting moment to close on a home, any and all actions can affect how the closing process moves forward. Try as much as possible to remain stable enough in your normal life financially and personally so that the closing comes to fruition. It is such an important part of your life to close on a property that the last thing you would want to happen is something to become negative.

 

The closing process is an exciting time for property buyers and we love to advise on the ways to ensure it goes smoothly for every client. Hawaii real estate is such a unique version of real estate in itself that we love to advise on ways to ensure our clients get to the finish line of their dreams. We encourage you to reach out to one of our Hawaii Development Group agents today who are all well versed in all things Hawaii real estate to connect so we can help you find your dream home!