Preparing for Closing Day
The finish line is in sight! Here's everything you need to know about closing day: what to expect, what to bring, and what you'll sign.
Closing Day Timeline
What happens before, during, and after your closing appointment
Before Closing
- Confirm wire transfer instructions directly with title company by phone
- Gather required documents (ID, any outstanding paperwork)
- Review closing disclosure 3 days before (required by law)
- Arrange cashier's check or wire transfer for closing costs
- Set up utilities in your name
At Closing
- Review all documents with closing agent
- Sign purchase agreement, deed, and loan documents
- Pay closing costs and down payment
- Title company records the deed
- Receive your keys!
After Closing
- Change locks for security
- Update your address with important contacts
- File homestead exemption (if applicable)
- Keep all closing documents in a safe place
Who Attends Closing?
Closing typically takes 1-2 hours. Here's who you can expect to see at the closing table:
You (the Buyer)
Sign documents, provide funds
Closing Agent
Explains documents, facilitates signing
Your Agent (Dawn)
Support and guidance, answer questions
Seller (sometimes)
May sign separately or attend
Lender Representative
May attend or documents sent ahead
What to Bring
Government-issued photo ID
Driver's license or passport
Cashier's check or wire confirmation
For closing costs and down payment
Proof of insurance
Homeowner's insurance binder
Any outstanding documents
As requested by lender or title company
Understanding Closing Costs
Typical closing costs range from 2-5% of the purchase price. Here's what to expect:
| Cost Item | Typical Amount |
|---|---|
| Loan Origination Fee | 0.5-1% of loan |
| Appraisal Fee | $400-600 |
| Title Insurance | $1,000-2,500 |
| Recording Fees | $100-250 |
| Prepaid Interest | Varies |
| Escrow Deposits | 2-6 months |
| Home Inspection | $300-500 |
Wire Fraud Prevention
Wire fraud is a serious threat in real estate transactions. Criminals hack emails and send fake wire instructions to steal your down payment. Protect yourself:
- Always verify wire instructions by phone using a known number
- Never use contact info from an email. Look up the number independently
- Be suspicious of last-minute changes to wire instructions
- Report any suspicious communications immediately
- If in doubt, delay the wire and verify in person
Congratulations, Homeowner!
When the last document is signed and the keys are in your hand, you've officially begun your new chapter. Welcome to homeownership!
New Homeowner Checklist
Important tasks for your first week as a homeowner
Change Locks
You never know who has copies of the old keys. Re-key or replace all exterior locks.
Update Address
Post office, employer, banks, DMV, subscriptions, and insurance policies.
Meet Neighbors
Introduce yourself! Good neighbor relationships enhance community living.
Document Everything
Take photos/video of your new home's condition for insurance records.
Locate Shutoffs
Find water main, gas shutoff, and electrical panel. Know how to use them in emergencies.
File Homestead
If this is your primary residence, file for homestead exemption to reduce property taxes.
Set Maintenance Reminders
Schedule regular maintenance: HVAC filters, gutters, water heater, etc.
Keep Documents Safe
Store closing documents, warranty info, and home systems manuals in a secure location.
Closing FAQs
How long does the closing meeting take?
Typically 1-2 hours. You'll sign many documents, but the closing agent will explain each one. Don't hesitate to ask questions!
When do I get the keys?
Usually at the end of closing, once the deed is recorded. In some cases, possession may be slightly delayed based on contract terms.
What if I find problems during final walkthrough?
Minor issues can often be addressed at closing through credits or escrow holdbacks. Major problems may require delaying closing to resolve.
Do I need to bring anything besides ID and funds?
Bring your ID, proof of insurance, and any documents your lender or title company requested. I'll remind you of anything specific needed.
What if I have questions after closing?
I'm always here to help! Whether it's contractor recommendations, market questions, or just saying hello, feel free to reach out anytime.