Closing 101: Buying A Home

Prepare for It

Closing day marks the end of your home-buying process and the beginning of your new life! To make sure your closing goes smoothly, you should bring the following:

• A cashiers check for closing costs and down payment. Make the check payable to

the title company.

• An insurance binder and paid receipt
• Photo IDs and second form of ID such as a passport

Own It

Transfer of title moves ownership of the property from the seller to you. The two events that make this happen are:

Delivery of the buyers funds

This is the check or wire funds provided by your lender in the amount of the loan.

Delivery of the deed

A deed is the document that transfers ownership of real estate. The deed names the seller and buyer, gives a legal description of the property, and contains the notarized signatures of the seller and witnesses.

At the end of closing, the deed will be sent and mailed to the county clerk’s office. It will be sent to you a few weeks after processing.