The Closing Process

Once you’ve found your new home and construction is almost complete, it’s time to start thinking about the last step in your home buying journey – the real estate closing or settlement.

At the closing is where ownership will be transferred from the seller to the buyer.  This involves some time, patience and paperwork, but if you plan ahead you can make this a smooth process.

Talk with your Lender or Realtor about a week before closing to make sure you understand what paperwork you are responsible for bringing.  If there are costs involved such as a down payment, escrow or mortgage fees, you may need a certified check so find out the exact amount you will need to provide. 

Give yourself plenty of time! You’ll want to review the documents and make sure there are no typos or errors.  Allowing for a good block of time will help to alleviate some of the stress of that process.  Also, in case of delays, don’t arrange for your moving truck on too tight a schedule. Create some overlap so you don’t have to be out of one house the same day as you move in to another.

Remember, once you finish signing that mountain of paperwork you’ll be the owner of a brand new home!