Closing dates, Closing costs and Closings in general all can cause undue stress and anxiety for buyers. Often, the stories about a Closing going bad are as exaggerated as stories about the size fish people catch, or how great their golf game was!
The Closing is the closing of the real estate transaction. Present at the Closing will be the buyers, sellers, their respective attorneys, the real estate agent(s), the Title Insurance Company and a representative from the bank that is lending the money.
At the Closing you can expect to sign many documents and it is important to feel comfortable asking your attorney to explain the documents you are signing. Some buyers get very overwhelmed with the volume of documents, however, if your attorney is explaining the documents and reviewing them you should feel much more comfortable.
When preparing to go to the Closing, bring with you copies of all documentation received, make sure you have photo identification, a check book and any certified checks that were requested of you. Also, make sure you ask your attorney what else you need to bring with you to the Closing.
Typically, at the Closing you will receive a copy of the deed, copies of all documents you signed and perhaps the keys to your new home. In some cases, the sellers have the ability to stay in the home after the Closing for a specific number of days until they have the ability to move from the home.
Everyone at the Closing is working together towards the same goal, so the best thing to do is stay calm, stay focused and enjoy the new beginning that results from the Closing.
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