What Happens at the Closing?

This is the day we’ve all been waiting for! The closing is the day and time when you actually buy the house – when you give the seller the money and they give you the keys! It usually takes place about 30 days or so after you sign the final purchase contract. The closing will take place at the closing attorney’s office, a title company or other location mutually agreed upon by all parties.

The closing agent or attorney, the buyers, their lender, they buyer’s real estate agent, the sellers and their real estate agent usually attend. We’ll all sit at a table and the closing agent will have a stack of papers to be signed. He or she will give you a basic explanation of everything you are signing and you’ll have the opportunity to read it all if you wish. You are encouraged to ask questions of us or the closing agent at any time as well.

Hopefully, we will have received the final settlement summary (called a HUD-1) before the closing. We go over that line by line with our clients before the closing whenever possible so you know what to expect. That document also tells us what the final dollar amount will be that you’ll need to bring with you to closing. Sometimes the lender is working on your closing packet right down to the wire and we don’t get the final settlement statement until minutes before the
closing.

Rest assured, you will have all the time you need to go over all of the facts and figures related to your home purchase at the closing.

After all the paperwork is signed, the closing agent will disburse the money and you’ll get the keys! Congratulations, you are a home owner!

Our service to you doesn’t have to stop there – call us any time you have a question or need help with anything related to your home. We love your referrals too! The best compliment you can give to us is to refer us to your friends and family.

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