Closing 101

Prepare for It

Closing day marks the end of your home buying process and the beginning of your new home ownership!

To make sure your closing goes smoothly, you should bring the following:

❏ A cashier’s check for balance of downpayment and closing costs. Make the check payable to the title company at closing. Your lender will advise you of the balance needed.

❏ Your insurance binder and paid receipt

❏ Driver’s License (Photo ID’s)

❏ List of your addresses for the past 10 years

❏ Your personal checkbook

❏ Know your social security numbers

Own It

Transfer of title moves ownership of the property from the seller to you.

The two events that make this happen are:

Delivery of the buyer’s funds

This is the check or wire funds provided by your lender in the amount of the loan along with your remaining downpayment funds.

Delivery of the deed

The deed is the document that transfers the ownership of real estate. The deed names the seller and buyer, gives a legal description of the property, and contains the notarized signatures of the seller and witnesses.

At the end of closing, the deed will be taken and recorded at the county clerk’s office. You will receive copies of everything you signed and keys to your new home!