fbpx

Tips To Help New Homeowners Get Through Closing Day

closing-day

After months of phone calls, house showings, and meetings with your real estate agent, the day has finally come: closing day. The journey to buying a new home can be long and stressful, so naturally you want the big day to go smoothly. We have a few tips to help you get through closing day so your home buying experience is a positive one. 

Plan Your Route Ahead of Time

With your nerves already on the edge, the last thing you want is to be late to your closing appointment. Your delay could set the tone for the rest of the closing, potentially stressing you out even more. You don’t want to feel rushed while making a serious financial decision. Avoid the stress with a bit of careful planning and scheduling. Check the time it will take to arrive at the appointment, and give yourself an extra 10-15 minutes to account for traffic. 

Bring Proper Identification

For a closure to occur, all names on the mortgage must have the correct identification with them. You can check with your agent to see what forms of identification are required, but most closings at the bare minimum will require a driver’s license and proof of insurance. 

Plan Out Your Payment Method

The attorney in charge of your closing should let buyers know a few days in advance if there are any closing costs or if they need to pay the remainder of the down payment. Don’t anticipate paying and fees with cash or a check, as attorneys won’t accept those forms of payment. A cashiers or certified check are commonly accepted forms of payment at closings. Check with your attorney to find out the proper form of payment before your appointment. 

Clarify How You Should Sign Your Paperwork

Signing requirements will vary depending on the type of document you’re dealing with. When you close on a house, your signature on any legal documents will be legally binding. Your initials however may not be. Make sure to check with your loan officer what method of signature is preferred before you put ink to paper. 

You May Not Get The Keys On Your Closing Day

Since closing day will be the first time you legally own your new property, it’s understandable that you would expect to be handed the keys to your new home right away. However, this isn’t always the case. It can take some time before you’ll be allowed to officially claim your new property as your own. In some states, the transfer of ownership isn’t final until it’s registered at the county register’s office. Don’t panic if you don’t receive the keys at your closing appointment. If everything is in order, you should receive them as soon as possible.

Go Into Your Closing Day With No Surprises

Closing on a new property is stressful enough. The last thing you need to deal with on the big day is running into an issue with your home’s ownership title. Every new homeowner should consider a title insurance plan to help protect their rights as property owners. At Venture Title Agency, we’ll work with you at every step of the way, so you don’t run into any unwanted surprises at your closing appointment. Visit our website to learn more about how we can help you protect your home.