Closing Day

• Market Conditions
  
• Have Your Paperwork Available
  You should bring all paperwork pertaining to the transaction ... contract, inspection reports, correspondence ... in the event there are any questions.
  
• Understand the Closing Documents
  Your attorney will go over all documents with you; many are formalities required by the lender. Don’t be afraid to ask questions. After signing these documents you will have both rights and obligations. It’s important to understand your responsibilities.
  
• Close Your Mortgage
  Before you can close the deal with the seller, you need to close the deal with your lender. This part of the closing has nothing to do with the sellers, and they will not be present.
  
• Deal with Any Problems
  Now is the time to deal with any outstanding issues; typically – if at all – anything arising as a result of the final walk-through, occasionally items on the HUD-1 or other closing documents.
  
• Execute the Purchase Documents
  Happily, there are far fewer purchase documents than loan documents, which all parties will sign. Congratulations, you’ve just bought a home!
  
• Collect the Keys from the Seller
  In addition to the keys, the sellers may bring (or leave in the house) any relevant paperwork (e.g., service records, warranties, appliance instructions, etc.).