The closing process is the final step in the home-buying journey—a moment filled with excitement and anticipation as you prepare to receive the keys to your new home. However, it can also feel overwhelming if you're unsure about what to expect. Here's a simple guide to help you confidently navigate this stage.

What Is Closing?

The legal transfer of property ownership from the seller to the buyer happens during closing. It's when all the final paperwork is signed and any remaining payments such as closing costs, are settled. Once completed, you'll officially own your new home!

Steps in the Closing Process

1. Reviewing the Closing Disclosure

A few days before your closing date, you will receive a Closing Disclosure. This document details all the costs related to your loan and the property purchase. Make sure to review it carefully for accuracy and confirm that it aligns with what was agreed upon earlier in the process.

2. Final Walkthrough

Typically, a day or two before closing, you'll have the chance to do a final property walkthrough. Take this time to make sure all agreed-upon repairs are completed and the property is in the expected condition.

3. Preparing Necessary Documents

Bring a government-issued ID, proof of homeowner's insurance and any other paperwork requested by your lender or title company. It's also a good idea to confirm the exact amount needed for closing and how to deliver the funds, whether by wire transfer or cashier's check.

4. Signing the Documents

You'll sign various documents at the closing appointment, including the mortgage agreement and title deed. Take your time to read through them and ask questions if anything seems unclear.

5. Paying Closing Costs

Closing costs usually include fees for the loan, appraisal, title search, and other services. These can range from 2% to 5% of the home's purchase price, so plan accordingly.

6. Receiving the Keys

Once everything is signed and payments are made, the property is officially yours. Congratulations—you're now a homeowner!

Tips for a Smooth Closing

• Stay in close communication with us.
• Review all documents carefully before signing.
• Plan your finances to cover closing costs comfortably.

Closing on a home is an exciting milestone. With preparation and understanding, you can make it a smooth, stress-free experience and step into your new home with confidence!