The closing is the final step in purchasing a new home. Arguably, it’s the most important event of your home buying journey. So like any important event, you’ll want to come prepared. Read on for a checklist of some things to prepare for, so you can close in confidence.
Work Out and Confirm All the Details
Besides knowing the date and time of the closing, there are some other key details you should confirm. Be sure you know who will be conducting the closing. Ask your real estate agent or real estate attorney to get all these details. Keep a record of all important names and contact information related to the closing.
Get a List of What You’ll Need to Bring
Contact the individuals responsible for conducting your closing and get a list of everything you’ll need to bring. These could include*:
- Closing Disclosure: by law, you’ll receive your closing disclosure at least three days before the closing date.
- Promissory Note: a legal document listing the details of the payment transfers.
- Deed of Trust
*If the closing is for a refinance, you may be required to bring more documents not listed. Be sure to ask your real estate attorney for all necessary paperwork.
Watch Out for Closing Scams!
Mortgage closing scams are becoming more and more prevalent. It’s essential to protect yourself from this sort of fraud. Beware of emails stating last-minute changes to payment or wire instructions. Confirm all funding instructions with your title company and attorney before sending any funds.
Read Everything You Sign
There will be a lot of paperwork involved in your closing. Be sure you’ve reviewed every single contract and document before you sign. Your real estate attorney is the best person to answer any questions you may have regarding all the legal documents involved in your transaction.
Have any questions about your closing or the home buying process? We can help! Give us a call today.