Closing Day Events and Reminders
What are the events and requirements on my Closing day?
Closing day can be exhilarating! Nothing is more exciting than being minutes away from being the proud owner of your new home.
This is when you will meet with your closing company or attorney and complete your purchase transaction. Every state has its own protocol for how closings are conducted so ask your agent to explain the normal procedure to you. Sometimes, your real estate agent may attend closing with you and in some states they may not be allowed to attend.
Some states have attorneys perform the closings and buyers and sellers are across the table from each other signing documents. Other states have escrow agents or title companies perform the closings and the buyers sign documents privately with their real estate agent.
Be prepared to sign a lot of documents (almost 40 to 50)– especially if there is a loan involved. In some states your deed is recorded that same day or the next business day. Some times there are requirements about bringing your identification like a driver's license but also either wiring the closing funds or bringing a certified check for closing. Most closings will not accept personal checks any longer.
Depending on your state’s practices, you may receive your keys to your new home that same day and be able to take possession of your new home and move in. Check with your real estate agent and closing company to make sure. Don't forget to make sure you have transferred your utilities into your name too. And no matter how hectic it may get as the closing hour nears, just take a deep breath and try to enjoy the moment!
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