What Happens on Closing Day

 Final Walkthrough (Before Closing)

This usually happens a few hours (or a day) before closing.

You’ll:

• Check that the property is in the agreed condition

• Confirm repairs (if any) were completed

• Make sure nothing was removed that should stay (fixtures, appliances)

If something is off, this is your last chance to raise it before signing.

📑 Signing the Documents

This is the longest part of closing day.

You’ll sign documents such as:

• Loan agreement (if financing)

• Deed of sale

• Closing disclosure (final breakdown of costs)

Take your time here. Even if it feels repetitive, these are legally binding documents.

💰 Payment and Closing Costs

You’ll pay:

• Down payment

• Closing costs (fees, taxes, insurance, etc.)

Payment is typically made via:

• Bank transfer (wire)

• Manager’s check

Everything must match the final closing disclosure exactly.

🔑 Transfer of Ownership

Once documents are signed and payments are confirmed:

• The title is transferred to your name

• The seller receives the funds

• You officially become the homeowner

This is the moment you get the keys.

📦 After Closing

After everything is done:

• You can move in (unless otherwise agreed)

• Set up utilities in your name

• Keep copies of all documents safely

⚡ Practical Tips

• Bring a valid ID and required documents

• Double-check all numbers before signing

• Avoid large financial changes before closing (like new loans)

• Ask questions if anything is unclear