Buying a home in New Hampshire
New Hampshire’s state motto is "Live Free or Die," and this is exemplified in the fact its legislators are not at all keen on excessive homebuyer regulation. Not only does New Hampshire lack many laws requiring a property seller to write a formal disclosure statement about any structural problems to a potential buyer, but the state courts enforce "caveat emptor" ("let the buyer beware") clauses in purchase contracts. Under this doctrine, judges will more often than not refuse to compensate a buyer for any home defects found after the purchase. All this means, in New Hampshire, it would be well worth your while to carry out your own inspection before signing any contract. Of course, once all this is completed, it will be time for the closing itself.- Just prior to the closing, a title search will be run
- Then the buyer’s attorney will prepare the paperwork for changing the title
- A closing date will be chosen
- A final cash figure is calculated for the amount the buyer has to bring to the closing. This is usually a cashier’s check
- At the closing, a final walkthrough will take place to verify that everything is in order
- The buyer and seller sign all closing documents
- The title company representative or your attorney will then record the transaction and deed
- The buyer receives the keys and takes possession of the property