Day of closing: How buyers can prepare

by Miranda Jung, MBA, Broker Associate 12/04/2022

At the end of a long homebuying process, you’ll finally reach your goal: the day of closing. However, even though you’re at the finish line, closing on a new home is a process itself.

There are many steps to finalize your home purchase and just as many opportunities for delay. To make sure you’re prepared for closing day, here is a guide of what to have with you:

Photo ID

On closing day, you’ll need to confirm the identity of everybody named on the loan. If more than one person is listed, make sure they have their form of photo identification to show the title company.

Cash to close

Cash to close refers to the final closing costs you need to pay. Request a cashier’s check from your bank that covers final costs like down payment, prepaid interest, property taxes and insurance fees.

Closing disclosure

The closing disclosure is essential to finalizing your loan process. These documents include the final terms and details of your mortgage loan. Your lender can provide you with this information a few business days before closing.

Proof of insurance

Bring proof of your homeowners insurance policy at closing. Lenders require proof of insurance as a condition of loan approval. Have a copy of your policy declaration page from your insurance provider to show your mortgage lender.

Your real estate agent

Closing day is made up of several important legal transactions, and it’s important to have professional representation. Your real estate agent should be there to protect your interests and provide any guidance during the closing process.

Closing on a home is a major event. Not only is it the final step of your long buying process, it’s a process in itself. Remember this guide when preparing for closing day to ensure it goes smoothly and quickly.

About the Author
Author

Miranda Jung, MBA, Broker Associate

Welcome!

As a Premier Realtor in the Silicon Valley and the San Francisco Bay Area for the past 23+ years, I’m here to provide you with all the resources and information you need to buy or to sell real estate properties. I’m confident that I can offer you the knowledge, tools, and support that most other agents can't.

Serving My Clients with Caring, Honesty, and Integrity are My Daily Business Principles.

Thank you and I look forward to serving you in all your real estate needs!

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Miranda Jung, MBA, Broker Associate  

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