Many people may attend the closing: the buyer and their real estate agent, a loan officer, the seller (or builder) and their real estate agent and your settlement officer. During the meeting, which usually takes about an hour, the buyer and the seller review all of the relevant closing papers, many of which must be signed. Then after the buyer provides a cashier's **restrictions apply** or certified check**restrictions apply** or wired funds for the down payment and closing costs, the keys are passed to the buyer and the proceeds are given to the seller.
FAQ
WHAT SHOULD I EXPECT AT CLOSING?
WHAT IS TITLE INSURANCE?
WHAT DO I BRING TO CLOSING?
BUYERS/BORROWERS - Please bring the following to settlement:
- Homeowners/Hazard Insurance Policy with one year paid receipt or bill.
- All cash and refinance closings require funds to be wired to our office directly. Contact our office for wiring instructions.**
- All closings that include a new mortgage we will accept a cashier's check up to $100,000.00 (restrictions may apply). For amounts over $100,000.00 we require funds to be wired to our office directly. Contact our office for wiring instructions.**
- Social Security Number.
- Photo I.D.
- Any special lender requirements.
REMINDER: Be sure to transfer all utilities into your name.
SELLERS* - Please bring the following to settlement:
- Any unpaid tax bills; original paid tax receipts or tax certifications.
- Water/sewer/refuse bills or original paid receipts.
- Social Security Number.
- Photo I.D.
- Use and Occupancy Certificate (if applicable).
- Bring all house keys, mailbox keys, garage door openers, etc.
- Stop automatic withdrawals with your mortgage company.
REMINDER: Be sure to transfer all utilities out of your name.
*If the sellers will need their funds wired DIRECTLY after settlement, please notify us immediately.
**PLEASE NOTE: We will accept a personal check up to $300.00. Cash will not be accepted at closing. (NOTE: If property is located in State of Ohio please be aware that the laws for the State of Ohio do not allow us to accept any personal/business checks.)