In the midst of the exhilaration surrounding closing day, it’s easy to overlook crucial tasks that are pivotal for a seamless settlement. Whether you’re in the process of buying or selling, understanding your obligations in advance is crucial for ensuring a smooth and trouble-free transfer of ownership.
- Arrange the handover of keys for doors, garage openers, and sheds, particularly if the closing is conducted remotely.
- Guarantee that the house is in a broom-swept condition by removing all trash, boxes, furniture, and personal items before the scheduled walk-through.
- Complete any inspection requests prior to the walk-through and furnish documented proof to buyers concerning repairs, termite treatment, mold remediation, and radon remediation.
- Bring a valid photo ID to the closing, such as a driver’s license, passport, or government ID. For remote settlements, it’s advisable to send a digital copy in advance.
- Schedule the walk-through within twenty-four hours before the designated closing time.
- Thoroughly review the ALTA settlement statement at least three days before closing. This document provides a detailed overview of mortgage terms, monthly payments, taxes, mortgage insurance, funds required for closing, and the amount of escrow to be released.
- Confirm the payment method and receive instructions for closing costs from the title company. Exercise caution against wire fraud by double-checking the title company’s phone number.
- Verify the fulfillment of contingencies before the closing day. This includes agreed-upon repairs with the seller, completion of the home appraisal, finalization of the mortgage commitment, and proof of homeowner’s insurance.
- Bring a valid photo identification, such as a driver’s license, passport, or government ID, to the closing. For remote settlements, it’s advisable to send a digital copy in advance.
- Confirm the date and time with your moving company at least three days before the scheduled move.
Proper preparation for closing day significantly minimizes the risk of delays and complications. Entrust your journey to closing day to the expertise of your real estate agent or attorney, ensuring that this significant day lives up to its excitement with utmost ease.