While you recently got under contract on your property, you need to start planning for closing day. It will be here before you know it! Follow these tips for closing day for an easier process.
Prior to Closing
Prior to closing, you will want to schedule your wire transfer or get a certified check from your bank. Wire fraud is on the rise and you will want to call and verbally confirm any wiring instructions you receive. Many wire transfers can be initiated online, but some banks may require you to sign a form or meet in-person. If your bank is out of town and you are coming in town for closing, make sure you have your wire transfer scheduled before you come for closing.
Make sure you bring your drivers’ license to closing. The attorney’s office will need a copy of the drivers’ license of everyone that will be signing paperwork.
Also bring a second form of ID. Some mortgage companies require the attorney to look at a second form of ID. This ID can be a credit or debit card.
If your closing will be handled by mail, you will need to arrange for a notary and a witness. They need to be two different people and neither can be related to you.
Day of Closing
Block the day of closing on your calendar now. This way, you do not accidentally schedule anything on closing day. Most likely, closing will happen in the morning should you close in-person. We will find out the specific time sometime the week before closing.
In addition to the actual hour that closing may take, you may also need to visit your utility companies or homeowners’ association (HOA). You may need to set up gate codes or get amenities passes from your HOA.
Where Does Closing Happen?
Closing will occur at your attorney’s office. I will make sure you have the address to your attorney’s office.
Movers
Keys can typically be exchanged after your Deed is recorded. Closing usually occurs in the morning and the Deed records in the afternoon. I would suggest scheduling your movers to unload at your new home at 4:00 PM on the day of closing or later.
Protecting Your Title
After closing, set up a fraud alert for your property address and name in the appropriate county.
