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

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