The day of closing is the goal at the end of a long and complex homebuying journey. Like every step of the process, closing on a new home has multiple smaller steps and variables to prepare for. Luckily, there are some simple ways to get ready for the closing process. Here are the most important things you should have on closing day:
Photo ID
You’ll need to verify your identity with the title company that’s responsible for the loan closing. It’s important that everyone who has their name on the loan bring their own form of identification.
Cashier’s check (cash to close)
A cashier’s check from the bank will be necessary to pay your closing costs. Closing costs can include the down payment, prepaid interest, property taxes and insurance fees. The cashier’s check for closing costs is commonly referred to as “cash to close.”
Closing disclosure document
The closing disclosure is an essential form involved in the loan process. This document lists the final terms and costs of your mortgage. You’ll get this form from your lender at least a few business days before closing.
Proof of insurance
Bring proof of a homeowners insurance policy with you on closing day. Homeowners insurance is required by your lender to issue final approval on the mortgage. You can typically use the policy declaration page from your insurance provider for this purpose.
Professional representation
Closing on a home is one of the most significant financial decisions you can make, and it’s critical to have somebody with you who’s protecting your interests. It’s recommended that you have a closing agent or a real estate attorney present on the closing day.
Closing on a home is a major event and the final step in your homebuying process. To prevent delays, make sure you remember this list of the essentials before the day arrives.
About the Author
Sheida Rezazadeh
Our Mission Statement:
Our philosophy is simple: clients come first. We pledge to be in constant communication with our clients, keeping them fully informed throughout the entire buying or selling process. We believe that if you’re not left with an amazing experience, we haven’t done our job. We don’t measure success through achievements or awards, but through the satisfaction of our clients.
About Me:
With over two decades of experience in the real estate industry, I derive immense satisfaction from assisting clients in realizing their real estate aspirations. My journey in this field commenced with personal investments and the management of multiple properties, providing invaluable insights into the dynamics of the real estate market. Over the years, I have refined my negotiation skills, accumulating extensive knowledge and experience that empower me to deliver exceptional service to my clients.
As a seasoned professional, I specialize in residential, luxury, multi-unit, and commercial real estate. I possess the acumen to secure top dollar for sellers and the best possible prices for buyers. Recognizing the significance of creating a home sanctuary as a mother and wife, I understand the security that real estate investments can bring. It's not just a transaction; it's a life-changing experience, and I am dedicated to guiding my clients through every step of the process.
Leading a team of highly-seasoned real estate professionals, we are committed to providing personalized service. We take immense pride in building enduring relationships with our clients and tirelessly work on their behalf to help them achieve their real estate goals. Our team comprises the best and brightest in the industry, consistently striving to lead in research, innovation, and consumer education.
As a trusted resource in the complex world of real estate, I am devoted to providing the best and most timely information to my clients. My team and I stay up-to-date with the latest trends and developments in the industry, utilizing this knowledge to help our clients make informed decisions. It's not just about buying or selling a home; it's about building a better future for you and your family, and I am honored to be a part of that journey.