5-Steps to Prepare for Closing Day.

Congratulations on finding your dream home! Closing day is an exciting time for buyers, as it marks the official transfer of ownership of the property. To ensure everything runs smoothly, it’s important to know what to expect on closing day. Here are some tips to help you prepare:

1. Have all your documents ready

You'll need to bring your driver's license, proof of insurance and any other paperwork required by your lender or the closing company.

2. Confirm your funds ready

Typically at closing you will be paying your down payment and closing costs. Make sure you have the funds required to close the sale and properly filled out according to your lender's requirements.

3. Take the time to read over the documents

There will be a number of documents you will be reviewing and signing. Take the time with your attorney to read over all the documents carefully. Ask questions if you don't understand something.

4. Make sure all contingencies are satisfied

Usually your attorney and lender will review all documents prior to closing and signal you are "Clear to Close" once everything has been confirmed. However, you will also want to make sure all contingencies have been satisfied, such as inspections, agreements and appraisals.

5. Find out who will be attending closing

You'll want to know who will be attending the closing. Typically, your realtor and attorney will be there with you, along with a representative for the seller. Buyer's also may have the choice to have their attorney attend on their behalf, if they prefer not to attend.

BONUS! After closing, you should make a plan

After closing you should be prepared with a plan for taking ownership of the home. Everything from turning on utilities and changing the locks so you know who has access to your home.

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