Closing

The Closing Process is different for each party of the transaction, depending on whether you are a buyer, seller or refinancing. Here are some tips on making your closing process go smoothly.

Sellers

What do you need to do to prepare for your closing?
  • Comply with all requirements listed in the purchase agreement
  • Cancel automatic mortgage payment withdrawals
  • Contact all current utility providers regarding change in ownership
  • Contact closer if there have been any recent repairs and/or improvements done to the property
  • Contact closer if all parties can not be present at closing to make arrangements
What do you need to bring to your closing?
  • Current driver’s license or other Government-issued photo identification
  • Keys and garage door opener(s)
  • Any information on appliances, etc. that may be helpful to the buyer
What will happen at your closing?
  • Final settlement statement will be reviewed and signed
  • Closing documents will be reviewed, signed and notarized
  • Funds are collected and disbursed
  • Keys, garage door opener(s) and other property information is exchanged

Buyers

What do you need to do to prepare for your closing?
  • Comply with all lender requirements for approval of your new mortgage
  • For cash have a certified cashiers check for closing for the full amount needed by you
  • Determine your homeowner’s (hazard) insurance needs
    • contact your lender for the loss payee clause
    • obtain an original insurance binder and one year paid receipt
    • Call closer with premium amount
  • Contact utility companies
  • Contact closer if all parties cannot be present at closing to make arrangements
What do you need to bring to your closing?
  • Certified or cashier’s check payable to The Title Team for the amount due at closing
  • Current driver’s license or other Government-issued photo identification
  • Conditions and any special documentation as required by your lender
  • Insurance binder and one year paid receipt
What will happen at your closing?
  • Final settlement statement will be reviewed and signed
  • Closing documents will be reviewed, signed and notarized
  • Information on homesteading your property is provided
  • Funds are collected and disbursed
  • Keys, garage door opener(s) and other property information is exchanged

Closing on the refinance of you home

What do you need to do prepare for your closing?
  • Comply with all lender requirements for approval of a new mortgage
What do you need to bring to your closing?
  • Certified or cashier’s check payable to The Title Team for the amount due at closing (if applicable)
  • Current driver’s license or other Government issued photo identification (for notary purposes)
  • Conditions and any special documentation as required by your lender
What will happen at your closing?
  • Final settlement statement will be reviewed and signed
  • Closing documents will be reviewed, signed and notarized

Download Printable Closing Brochure