Closing

A home closing is the final step in the home buying process, where you sign all of the necessary documents and officially take ownership of the property. Here's what you can expect at a closing:

1. Signing the paperwork: You will be presented with a large stack of paperwork to sign, including the loan agreement, mortgage note, and other legal documents. Make sure to review the documents carefully and ask any questions you may have.

2. Paying closing costs: You will be required to pay any remaining closing costs, including lender fees, title fees, and prepaid expenses such as property taxes and homeowners insurance. You will also need to bring a cashier's check or wire transfer to cover the down payment and closing costs.

3. Transferring ownership: You will sign the documents that officially transfer ownership of the property to you, including the deed and any other transfer documents.

4. Reviewing the settlement statement: You will receive a settlement statement that outlines all of the costs associated with the transaction, including the purchase price, closing costs, and any other fees. Make sure to review the settlement statement carefully and ensure that all of the costs are accurate.

5. Obtaining the keys: Once all of the paperwork is signed and the funds have been transferred, you will receive the keys to your new home.

It's important to arrive at the closing with all of the necessary documents, funds, and identification. You should also review all of the documents and costs prior to the closing to ensure that everything is in order. Your real estate agent or attorney can help guide you through the closing process and answer any questions you may have.