Closing

Closing on your new home is the final step in the home buying process. Here's what typically happens on closing day:

1.    Sign the paperwork: A few days prior to the closing date or even the day of closing you will sign papers at the escrow company that is assigned in your contract to review and sign all closing documents.

2.    Pay closing costs: You'll need to pay the closing costs, which can include fees for things like the home inspection, appraisal, and title search, as well as taxes, insurance, and prepaid interest.

3.    Transfer ownership: The seller will also be signing paperwork during this time, once closing date arrives these documents are sent to the county or city recording office where they will be registered with a recording number, and ownership of the property will officially transfer to you.

4.    You get the keys: The contract for purchase will outline the specific date in which you will be closing and keys are typically provided the same day. Working with your real estate agent to understand the sellers rights to procession will help you determine when you will be given access to the property.

5.    Move in: You can now move into your new home!

It's important to review all the paperwork carefully before signing to ensure that you understand the terms of the sale and that there are no errors. Your real estate agent can help you with any questions or concerns you may have.

After closing, you may need to set up utilities, arrange for insurance, and make any necessary repairs or renovations. Enjoy your new home!