The Final Countdown: Preparation is Key
Here are some steps you should take to ensure a smooth closing:
- Review Your Closing Disclosure: At least three days before closing, you’ll receive a Closing Disclosure. This document outlines the final terms and costs of your loan. Take the time to review it carefully. If you have any questions or notice discrepancies, call us or address them with your lender.
- Gather Necessary Documents: Bring a valid photo ID, an additional form of identification, proof of homeowners insurance, and any other documents your lender or real estate agent requires.
- Get a Cashier’s Check or Arrange a Wire Transfer: You’ll need to bring the necessary funds for your down payment and closing costs. Your Closing Disclosure will specify the amount. Ensure ahead of time these funds are immediately available in the form of a certified check or wire and that you’ve followed your title company’s instructions for transferring them securely.
The Morning of Closing Day: Anticipation Builds
You wake up on closing day with a mixture of excitement and nerves. Take a deep breath and remember, you’ve got this! Here’s what the day might look like:
Final Walk Through: Schedule your final walk through with your realtor to view the property one last time to ensure your home is in good order and any required repairs have been completed. Give yourself plenty of time to get to the closing location, so you are not rushed.
Arriving at the Closing: The Big Event
When you arrive at the closing office, you’ll be greeted by our team – our front of house hospitality coordinator, your closing coordinator and your closer. Here’s what happens next:
- Introductions and Paperwork: You will be greeted with a smile at the door, offered something to eat and drink and provide your driver’s license for identification verification. You’ll meet with various parties involved in the transaction, including the seller, real estate agents, and possibly your lender. Your closer will guide you through the stack of paperwork you’ll be signing. This includes the deed, mortgage, note, Closing Disclosure and other legal documents prepared by your lender and title company.
- Review and Sign: As you sign each document, your closing agent will explain its purpose. Don’t hesitate to ask questions if something is not clear. This is your moment to ensure you understand all of the terms and conditions of your purchase and financing.
- Final Walkthrough of Costs: You will review the Closing Disclosure (final financial details) once more. This includes your down payment, closing costs, and any prepaid expenses like property taxes and homeowners insurance.
- Ask Questions: This is a great time to ask any questions you may have about your new home to the seller and the seller’s realtor. For example, any questions regarding utilities, functionality of the home, etc.
Congratulations! You are a Homeowner!
After all the documents are signed and funds are transferred, it’s time for the most exciting part of the day: receiving the keys to your new home! This moment is often accompanied by smiles, handshakes, and even a few happy tears. Congratulations, you’re now a homeowner! Most homeowner’s request that we take a picture to commemorate this fantastic memory and we are happy to spend as much time taking pictures and celebrating with you as possible! When you close with Durrett Title, you will receive a special gift available only to our homebuyer clients.
A Smooth Closing with Durrett Law & Title, LLC
At Durrett Law & Title, LLC, we’re committed to making your closing day experience as smooth and enjoyable as possible. Here’s what sets us apart:
- Expert Guidance: Our team of experienced professionals will guide you through every step of the closing process. We love our clients and will communicate with you throughout the entire process so you know what to expect and get all of your questions answered. Our goal is for you to come to closing relaxed, confident and informed.
- Personalized Service: We understand that every homebuyer’s journey is unique. We tailor our services to meet your specific needs and provide a personalized experience. We communicate with you how and when you want to meet your specific needs.
- Attention to Detail: We handle all the details meticulously, so you can focus on the excitement of becoming a homeowner. From title searches to document preparation, we have got you covered.
- Positive Atmosphere: We believe closing day should be a celebration. Our team strives to create a welcoming and positive atmosphere, so you leave our office with a smile on your face.
Final Thoughts: Embrace the Moment
Closing day marks the end of one chapter and the beginning of another. It’s a day filled with excitement, anticipation, and a sense of accomplishment. By knowing what to expect and preparing in advance, you can fully embrace this special moment.
From all of us at Durrett Law & Title, LLC, congratulations on your new home! We’re honored to be part of your journey and look forward to helping you with all your future real estate needs.
If you have any questions or need assistance, don’t hesitate to reach out. Happy closing day, and welcome to your new home!