There’s no need to feel jittery before your closing as I will have you fully prepared for the day. As the buyer, you choose the title company for your title search and the closing. I can recommend reliable title companies.
What should I do before the closing?
We’ll stay in close communication to make sure that your questions are answered and you feel ready to sign on the dotted line. As your closing day nears, keep this list handy:
Stay in close touch with me, your lender, and title company.
Avoid lowering your credit score with a new credit application or late payments.
Confirm that your contract contingencies are resolved, including the home inspection, an appraisal, and your financing.
Finalize your homeowners insurance policy.
Gather your down payment and closing-cost funds in an accessible account.
Review your closing disclosure form, which you’ll receive three days before your settlement, and ask questions if you don’t understand something.
Arrange a wire transfer or get a cashier’s check for the funds you need for the settlement.
Schedule a walk-through of your new home within 24 hours before your closing to check its condition.
What can I expect at the closing?
We’ll be finalizing all of the paperwork to close on the sale of your new home. You will want to allot a few hours for your closing.
Bring to the closing:
A government-issued photo ID
Proof of homeowners insurance
Your copy of the contract
All paperwork associated with your loan and the home purchase
Your cashier’s check or wire transfer confirmation
Your checkbook for miscellaneous funds that weren’t included on your closing estimate
What paperwork is required to close?
You’ll be signing numerous documents, including a repeat of the documents you signed when you applied for your loan. The most important documents you’ll sign are:
Promissory note to repay the mortgage
Deed of trust, which gives the lender the right to foreclose if you don’t repay the loan
Initial escrow disclosure, which outlines the funds on deposit for your property taxes and homeowners insurance bills
Right to cancel form, which states that you have three business days to cancel the transaction
After your closing:
Keep all your signed documents in a safe place.
Change your address.
Change the locks and security codes on your home.
Review your due dates and new budget.
Congratulations! You’ve got the keys to your new home!
After your purchase, ask me to recommend fully-vetted service specialists in town or how you can care for your home. Further down the road, should you ever want to sell, I’ll have the scoop. You’ll always have my number, and I’ll always be ready to spring into action.