A lot goes into closing your home purchase or sale; we call all the fees associated with completing your transaction “closing costs.” If you want to know more about what to expect at closing, we can help explain it. Below we explain what to expect when closing on a home.

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Closing on a home is an exciting and significant event in the homebuying process. Here’s what you can expect during the closing process:

1. Finalizing paperwork: You’ll review and sign various legal documents, such as the loan agreement, the deed, and the closing disclosure. Be prepared to ask questions and carefully read through the paperwork.
2. Payment: You’ll need to bring a cashier’s check or arrange a wire transfer for the down payment and closing costs. The closing agent will provide the exact amount and instructions for payment.
3. Title search and insurance: A title search will be conducted to ensure the property’s ownership is clear. You’ll also purchase title insurance to protect against any potential issues with the title.
4. Property walkthrough: Prior to closing, you’ll have the opportunity to conduct a final walkthrough of the property to ensure it’s in the agreed-upon condition.
5. Settlement statement: The closing agent will provide a detailed settlement statement outlining all financial transactions and fees involved in the closing.
6. Signing and notarization: You’ll sign numerous documents, and a notary public will validate your signatures.
7. Handing over the keys: Once all the paperwork is completed, the funds have been transferred, and the closing is officially recorded, you’ll receive the keys to your new home.

Remember, the closing process can vary depending on the location and specific circumstances, so it’s essential to communicate with your real estate agent and closing agent to understand the specific details of your closing.

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