Today I’m here to give you all the necessary tips to have a successful closing. Let’s start on the buyer’s side.
When you’re a buyer, one of the biggest things you want to make sure you do is have a final walkthrough inspection on your home prior to closing. This typically happens anywhere from 24 hours prior right up until your closing. You also want to make sure that you’ve been able to review your closing disclosure and that the numbers match up with what the lender describes to you. Then you’ll want to make sure to wire all of your funds over to the title company in plenty of time before your closing.
When you arrive at the closing, you’re going to want to bring two forms of photo ID. Also, if you’re the only one on the mortgage but you are married, you’ll want to bring your spouse along with a form of photo ID so that they can sign some documents as well.
The closing process then will take about an hour. You’ll sign some documents, the seller will sign some documents, and your lender will issue a funding number. At that point, you can get the keys and move into your new home.
On the other hand, if you’re a seller, you are going to want to make sure that you are moved out of the house within 24 hours of your closing date to allow the buyer to do their final walkthrough. You are going to want to provide utility information for the buyer as well, along with garage codes, termite codes, and the other necessary things that they will need.
You need to bring two forms of ID to closing with you as well, along with wiring information for where you want your funds deposited. Your closing process should only take around 30 minutes. Once everything is funded, you will have your proceeds, typically before the end of the day.
If you have any more questions or need any more tips for a successful closing, don’t hesitate to give us a call or send us an email. We would love to hear from you soon.