A closing will be scheduled after contract contingencies are satisfied and a satisfactory title search is obtained. Closing figures should be reviewed in advance so there are no surprises or adjustments the day of the closing. Buyers and sellers will both attend the closing together or closing documents may be executed separately. The buyer will need to bring a cashiers or certified check for the down payment and closing costs, proof of insurance and any items that are conditions of the sale. Both buyers and sellers should bring proof of identification. Photo identification may be required.
The closing attorney or title company representative will explain all documents which may include a mortgage, note, settlement forms and the deed. Monies will be collected and dispersed by the closing agent. Home utilities and services will be terminated or transferred. The buyer will take possession of the property according to the terms of the purchase contract.