What To Expect When Closing On A Home

What to Expect At Closing

If you are about to close on your first property your inner scaredycat may be saying, yikes!  What do I need to know?  What do I need to bring?  Who should be there?

Let’s create a scaredycatguide check list to alleviate these worries.

Items to Know for Closing

  • Closing date and location
  • Settlement Agent (either a title company or lawyer depending on your state. Some states require legal representation while others do not)
  • Escrow Agent

Items to Bring to Closing

The best practice is to contact the settlement agent a few days beforehand and ask them exactly what you need to bring to closing.

However, these are items I suggest you always bring:

  • Closing Disclosure (we want to compare this to the final closing statement)
  • Proof of Wire Transfer or Cashier’s check
  • Your ID (driver’s license is standard)

Who Should Be There

This depends on your state laws and if you are buying the property with someone else or not.

If your state requires legal representation then your lawyer should be present.

If you are buying the property with a partner, spouse, family member, etc. whose name will also be on the title then they should be present to sign documents as well.

If you are buying in a state where a lawyer is not required then you can go to closing by yourself, assuming no one else will be on the title. I do suggest having your real estate agent come attend, especially on your first deal to make sure nothing slides by.

Most agents will attend, but there are some who do not. Which would you rather do business with though?

As I mentioned in chapter six, my agent flaked out on me coming into closing.  He tried to remedy it by arranging for the mortgage broker to attend the close.  Yes, the same broker I had the rate lock issue with.  He didn’t show either.

Trial by fire is never a fun way to learn and exposes you to mistakes.  I don’t recommend the experience.  Make sure your agent is there to help you review the closing documents.


We will delve further into the closing in the next post; Discussing the key items you need to review in the closing disclosure and loan estimate.  It’s important to ensure you are not overpaying on anything prorated or paying for something you shouldn’t due to an error in paperwork.


Remember, you should be using a property calculator to analyze all your properties.  Download the scaredycatguide calculator now!


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