Preparing for Closing Day

Now that you have a signed purchase agreement and a loan secured, it’s time to get ready to close on your new home.

The first thing you should do is schedule a home inspection. If any issues are uncovered, you have options at this point.

  • Option 1: Fix the issues yourself.
  • Option 2: Ask the seller to fix the issues.
  • Option 3: Ask the seller to lower the price based on the cost to fix the issues.
  • Option 4: Walk away from the deal if the problems are too extensive.

As closing day approaches, you’ll need to get a certified check to cover closing costs and your down payment. You’ll get this exact dollar amount a day or two before the closing. It’s also a good idea to review your loan documents ahead of time.

The closing will take place at the office of a title company or attorney in your area who will act as our agent. At closing, you will be signing the HUD-1 settlement statement, the truth-in-lending statement, your deed of trust or mortgage, and the promissory note. Your escrow account will also be created to pay your property taxes and homeowner’s insurance.