Closing Can Be Simple

Buying a new home or investment property is an exciting experience, but unfortunately, there's often a lot of anxiety involved. This article is intended to help you feel more confident as you learn what closing are all about.

You don't have to be afraid of closing on your home or investment anymore. Once you understand what happens in the closing process, you see how simple it can be. Basically, there are certain steps to take care of prior to actually signing documents which will be followed by the actual closing and disbursing stage.

Prior to closing, the buyer needs to take care of a few simple steps:

1. Have your insurance agent calculate your premium and deliver this information to the closing office several days prior to closing.
2. Verify with the loan officer that there are no lender conditions which will be a surprise at closing.
3. Arrange to have your homeowner's policy delivered to the closing office.
4. Bring a cashier's check in the exact closing amount to the closing.

Sellers must furnish the following documentation prior to closing:

1. Name, loan number, address and phone number of the current lender(s).
2. Name of the pest inspection company and fee. The original wood destroying organism report, dated within 30 days prior to closing, must be delivered to the closing office several days prior to closing.
3. Any other inspections, repairs, etc., agreed upon in the contract.

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