What to Expect at a Closing

     

    You have made it! You’ve found the house of your dreams, your offer has been accepted and the closing has been confirmed.

    Here’s a rundown of what buyers can expect during a typical closing.

    What exactly are closings?

    During a closing, the buyers and sellers get together and sign all of the documents required to formally sell a home and transfer its title to the new owner. The closing also covers the finalization of the mortgage for the buyer.

    Who attends?

    In addition to the closing agent, buyers and sellers usually attend this meeting in person. Both sides bring the real estate agents involved in the sale, and can also invite personal attorneys or other advisers.

    How Long Should I Anticipate the Meeting will Last?

    Generally speaking, closings usually last about 30 to 60 minutes and involve signing a very large packet of documents which include title forms, tax forms, affidavits, a deed of trust, a promissory note and some additional documents.

    What Do I Need to Bring?

    Anyone who will be featured on the mortgage document will need to bring government issued photo ID.

    Additionally, a cashier’s check will be needed to make payment on anythign that is not being rolled into the mortgage.

    Your smiling face(s), because you will soon be the owner of your own home!

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