What Is A "Closing?"

A typical closing is a meeting between the buyer (s), seller (s), representatives or agents for the lender, and the real estate broker.

The purpose of the meeting is to transfer title (ownership) of the property from the seller (s) to you, the buyer (s).

In some states the broker may represent both you and the seller. The closing process may be handled by a Title Company.

Be Sure You Have…

Inspected the house one last time to make sure everything is the way you expect it to be. If there has been any damage to the property the seller must fix it before the closing.
Make sure the seller (and all his/her furnishings and trash) will be out of the house prior to closing (unless other arrangements have been agreed to in writing).
The right TIME, DATE, and PLACE of the closing.
A paid insurance policy (or binder) for the house.
Any receipts for other items you may already have paid for, such as your deposit on the house, mortgage application fees, and inspection fees.

ENOUGH MONEY for all the closing costs. Check with the lender (or closing agent) to find out how much money you will need for "closing costs." Payment should be by a cashiers check, rather than a personal check