Preparing for Closing Day: The Buyer’s Perspective

Preparing for Closing Day: The Buyer’s Perspective

Can you believe it?  Closing day is just a few days away.  What is that going to be like? What should you expect to happen? And what does closing day represent?  It is the day that all your time spent finding the right house for yourself and your family has finally come true.  All those walk-throughs and home visits are over! You found your home!  Now, all you have to do is the last few steps, and then you’ll become a homeowner!

Before closing, you’ve already completed several key steps:

The home inspection was completed by a professional inspector went over the home from top to bottom, checking everything from foundation to attic, all appliances, systems, roof, insect/termite, etc.  You’ve negotiated via your agent for any necessary repairs to be completed before closing.

The bank or lending institution has approved your loan and had the home appraised to ensure that the mortgage loan lines up with the value of the home you selected to purchase.  The appraisal fee is usually part of the closing fees.

Generally, a final walk-through is done at least 24 hours prior to closing.  This allows you the opportunity to ensure that any agreed upon repairs have been made, that any items negotiated within the contract are in the home, and all systems and appliances are in good working order, etc.

On closing day, you’ll need to bring with you:

  • Identification paperwork – your lender will specify what that needs to include.
  • A certified check or cashier’s check for the closing costs that you will pay.  Some of these fees have likely been part of the negotiation process.  Your lender will let you know the exact amount.

Get ready to sign:

  • The settlement statement
  • The mortgage loan documents
  • The Deed of Trust

Not to worry.  You’ll get a complete packet of everything you’re signed for your personal records.

Lastly, you get the keys to your new home.  Now, go start making that house your home!  

 

⌨️ chrystal.yates@allentate.com
☎️ 336-399-3873

Chrystal Yates
Chrystal Yates
chrystal.yates@allentate.com