It’s one of the most exciting parts of the move — the time when you buy a new home and finally get the keys to your next castle. Closing day is indeed exciting for everyone, but can also be nerve-wracking, if you’re not adequately prepared. In order to help you avoid such a situation, we’ve brought you a few things to expect on closing day.
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Questions Aren’t Annoying
As you’re going through documents with your real estate agent or loan officer, keep in mind that there are really no stupid questions. It’s a good idea to ask your real estate agent what to expect before the day. Additionally, it’s better to be safe than sorry: Ask the people representing you if they have all documents they need — don’t just assume that they do. Just because the people with whom you’re working do this often doesn’t mean that everything will be perfect without your involvement, so it’s good to keep track of what’s going on.
Look for Typos
As with just about any other event that’s important, human error still occurs, even though it’s closing day. To cut down on surprises that could throw the whole closing into a delay, look at the documents before the day, and check for typos that could derail the process. Additionally, looking at the documents before you sign them is a great way to ensure that all the terms are still as you’d like them to be.
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Allot Enough Time
Could you close on your house during your lunch break? Probably, but that doesn’t mean that’s how much time you should give yourself. It’s probably best to take the whole day off of work, so you can be sure that you have time to address any mistakes or unexpected obstacles that may come up.
Bring the Money
This may sound like a silly tip on what to expect, but on closing day, it’s surprisingly easy to forget this simple part. As you’re going through the documents in advance of closing day, you will find a clause mentioning how much the check would need to be. Although many people think that doing a wire transfer of this money could be faster than a check, the opposite is actually true in a lot of cases So, don’t forget that a check is your best option, and you will likely need to get it certified before bringing it to the closing.
Jennifer Morehead is a writer for Manilla and the founder of Moveboxer.com. Moveboxer makes moving easier. Moveboxer matches people up with reputable movers, provides a utility cancellation tool, helps people change their address, and connects people with mortgage, storage, boxes, supplies, and car transport.
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