Closing Date

Verify acceptable funds with Title Insurance Company

Verify with the Title Insurance Company whether they will accept a cashier's check for closing or if you will be required to wire funds for closing.

IMPORTANT NOTE: If you are wiring money to the Title Insurance Company for Closing you should always get wiring instructions straight from them by calling them. Do NOT rely on emailed wiring instructions without verifying them by calling the Title Insurance Company or in person.

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IF YOU WANT TO READ EVERY DOCUMENT: Read closing documents prior to Closing

Some clients want to read, word-for-word, every document at Closing. If this is you, let us know as soon as possible and we can try to request a copy of the entire closing document package so you can read them in advance of Closing.

Then, at Closing, you can quickly compare them to the ones you've read to make sure they're the same ones and sign them.

Only about 1 in 50 clients do this so it is relatively uncommon.

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REAL ESTATE BROKER: Coordinate with Lender and Title Insurance Company amount you need for Closing

Your Real Estate Broker should coordinate with your Lender and the Title Insurance Company to find out how much you'll need to bring to Closing.

Great Lenders will do this for their clients as well. Some don't.

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REAL ESTATE BROKER: Coordinate and scheduling Closing time

Your Real Estate Broker should coordinate with you, the Seller, Seller's Real Estate Broker and Title Insurance Company to schedule a time for Closing.

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REAL ESTATE BROKER: Coordinate and scheduling final walkthrough

Your Real Estate Broker should schedule a final walkthrough of the property just prior to Closing.

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REAL ESTATE BROKER: Review and approve Settlement Statement

Your Real Estate Broker should review your Settlement Statement to check to make sure it matches the terms of your "Contract to Buy and Sell Real Estate" that was agreed to and, additionally, verify the pro-rations.

Your Real Estate Broker will not know the terms and agreed to expenses of your loan so you'll want to review those numbers with your Lender.

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Review expenses related to your loan with your Lender

Your Real Estate Broker will not know the terms and agreed to expenses of your loan so you'll want to review those numbers with your Lender.

This is usually done a few days prior to Closing in an ideal world with a great Lender. Often, it happens the day before or even the day of Closing. Some less-than-great Lenders never do it unless you insist they go over it with you.

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IF TENANT OCCUPIED: REAL ESTATE BROKER: Provide an "Assignment of Leases"

If you have a tenant in the property and you're buying the property with a lease in place, your Real Estate Broker should provide you with an "Assignment of Leases" that assign the rights of the current Landlord to you at Closing.

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Schedule babysitter to watch kids for Closing

You'll want your full attention for the hour or so it takes for Closing, so please schedule a babysitter to watch your kids during your scheduled Closing time.

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Schedule time off from work for final walkthrough and Closing

Walking through the property before Closing takes about 5 minutes, but you'll need time to travel there and the to Closing as well. Closing will take about an hour, so please schedule time off from work to accommodate your Closing time.

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Complete final walkthrough of property just prior to Closing

We recommend you walk through the property for about 5 minutes just prior to Closing to make sure that the property is still standing. This is NOT another inspection, but just a quick check to make sure all is how it should be.

We like to schedule this just prior to Closing so about 30 minutes or an hour before Closing depending on how far the property is from the location for Closing.

You'll usually meet your Real Estate Broker at the property for this final walkthrough prior to Closing then head directly over to Closing after.

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Bring to Closing

Bring the following with you to Closing:

  • 2 forms of photo ID
  • Your checkbook - sometimes there will be a last minute adjustment to the closing numbers resulting in a small shortage that the Title Insurance Company will accept a personal check for
  • Your funds required for Closing (usually a certified check)

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Attend Closing

Attend the Closing.

Be sure to bring certified funds, two forms of ID and your checkbook.

Mark this task complete after Closing.

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