Closing Day. This is the day you have been waiting for! The stress, the elation, the movers… A week before you will want to get your utilities set-up effective as early as today. The day of closing belongs to YOU. You should already know where the closing is going to be held and at what time. If your final walk-through is just before we will caravan together to closing. I will be there at the closing to assist with anything you  might need. You will need to bring your photo id such as a drivers license or passport and your certified bank check made payable to the title company. Your good faith deposit will already be at the title company on your account. If you have a loan a closing will take approx one hour; if cash 30 minutes. Your lender will most often not be present but accessible by phone. The loan documents are plentiful and with the same verbage on most loans- You don’t pay, you don’t stay. If you want to read every page please let me know in advance so the title agent can plan accordingly. Specifically pay attention to the Note and your interest rate and if you have a pre-payment penalty. There will be a delay at the end of closing when the closing agent steps out of the office to send the signed settlement statement to the lender as well as several other forms. Once the loan underwriter has approved everything they will send a wire to the title company. You will finally receive the keys once all documents are signed and your loan funds have been transferred to the title company. Hooray! Congratulations!

I hope you found this guide to be helpful. I vividly remember my first purchase and how I blind I was to the process. Knowledge is power and I hope in return to receive your highest compliment- your business or a referral.

Regards,

Sophia Catherine Nakis, PA

Tags: Buyer Resources, Buying Guide

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