Father and teenager signing loan contractClosing day marks the end of your home-buying process and the beginning of your new life! It is an important milestone in your life but remember that the home buying process is not over yet. To make sure your closing goes smoothly, you should bring the following:

  • A certified check for closing costs and down payment.
  • An insurance binder and paid receipt
  • Photo IDs
  • Social security numbers
  • Addresses for the past 10 years

Own The Property

Transfer of title moves ownership of the property from the seller to you. The two events that make this happen are:

  • Delivery of the buyers funds
    This is the check or wire funds provided by your lender in the amount of the
    loan.
  • Delivery of the deed
    A deed is the document that transfers ownership of real estate. The deed names the seller and buyer, gives a legal description of the property, and contains the notarized signatures of the seller and witnesses. At the end of closing, the deed will be taken and recorded at the county clerk’s office. It will be sent to you after processing.

Closing Tips

To help you get through closing, here are some tips and advice you should heed well.

1. Ask a lot of questions. If you don’t understand anything or you are unsure about something, talk to the people involved. You can also talk to your real estate agent about it.

2. Utility companies. In order to transition properly into your new home, make sure that you have transferred the utilities from the previous owner to your name. Call the utility companies a few days before you move so they have time to process it. Prepare proper documentation because the utility companies will most likely ask for proof of home ownership.

3. Copies of paperwork. You don’t know what might happen tomorrow or the next day so it’s good to always have a back up. In this digital age, most people back up their files online. However, it is recommended to keep a hard copy or copies of the documents as well.