Congratulations! You’ve made it towards the end of your journey!
The closing date is approaching, you’ve scheduled your time to sign documents, and everything is all lined up.
Prior to closing, you need to review all the documents that you will be signing, and ask the closing officer any questions that you may have.
You will especially want to pay close attention to the settlement statement, as this reflects who is paying for what, and how much you will be receiving or paying at closing.
Once you sign at the closing table, you are obligated to the terms.
The following tips are a few reminders prior to signing:
Once you’ve finalized your closing date and time when you’ll be signing documents, you can coordinate with the different vendors to arrange closing those accounts.
It’s usually courteous to have them remain in your name for the first few days after closing to allow the Buyer time to have them turned on in their name.
Here are just some of the most popular services that you will want to
- Sewer or Septic
- Post Office
Contact your Mortgage Company prior to closing in order to give them your updated address. This allows them to send you any remaining funds from your account, as well as any additional documents.
Your Insurance Company may owe you a refund; if so, notify them a few days before closing to inform them of the closing date and updated address.
After closing, they may need you to provide them with a copy of your signed HUD-1 to ensure that the sale was completed.
After closing, keep your closing documents in a safe place as you will need them later on.
The signed settlement statement will be the most important document that you will need for the following reasons:
- Filing your taxes for that year
- Applying for credit: This will show that your home was sold if it still appears on your credit report.
For more information, please use the following valuable resources for information about selling your home: