Preparing For The Closing

There are a few steps that you should do to prepare for closing.

• Call utilities and schedule the ownership change for water/sewer, garbage, electricity, natural gas, cable, phone
• You should know the location of the closing. This will almost always take place at the Title Company that we chose together.
• Review the Closing Disclosure (CD). The CD statement is the “final bill of sale” accounting sheet that pulls together all the financials of the transaction into a 2 or 3 page summary. Make sure the bottom line $ is correct.
• Make sure your homeowners insurance is ordered and ready.
• (Optional) You can purchase a home warranty if you wish.

Things to bring to closing:

• Cashiers check (or wire transfer the funds a few days before closing)
• Photo ID
• Know your SSN if you do not have your SSN card
• Insurance policy
• Any additional documents required by lender
• List of past 10 years of residences for each buyer
• An energy bar, you’ll need it for all the paperwork you’ll be signing

Here is a list of closing costs and their explanation:

Closing Costs Explained