What To Expect At Closing

Once your closing day arrives whether you are the buyer or the seller it can be exciting and emotional experience.  This blog will help “prepare” you for what will be taking place and who you can expect to be there for the occasion.

Who Will Be Attending

• Listing Agent/ Buyers Agent – The realtors during this time are really just there to be assistant to the attorney.  Each realtor is different you may not necessarily see them until the end of the closing and in some cases the attorney will take the realtors checks if they do not attend the closing.
• Seller & Buyers Attorney – The attorneys will be reviewing all credits and debits from the utilities, taxes, and in some cases “rent” if there is not immediate occupancy.  They run through this checklist quickly and then review the numbers with you, do not feel overwhelmed you will get a closing statement at the end reviewing all the numbers again. 
• Title Company – A representative from the title company will be clarifying everything regarding title, and making sure all documents necessary are in the file.
• Bank Attorney – In addition to the buyer & sellers attorney the most important person in the room will be the bank attorney who will be the one writing the checks to all parties and who you will be signing quite a bit of paperwork for !  

         

What Do You Need To Bring With You

• Identification - Both buyers and sellers will need to bring with them 2 forms of identification with their name matching how the home will be titled.  If you will be using a maiden name rather than a married name you need to make sure you have the proper identification and visa versa. 
• Keys - Many homeowners think that bringing every single key to their home is what they bring to closing.  Most buyers will have most of the locks changed after the purchase, rather than dragging all keys and more than likely not remembering which lock they go to there is a better alternative.  I tell my sellers to bring to copies of the keys to the front door of the home, leave the other keys someplace for the buyers in the house and label which door they are for. 
• Checkbook - It is always good to bring your checkbook sometimes their will be smaller adjustments that your attorney may have overlooked.