So you’ve decided to buy a house. That’s great! Homeownership is a wonderful thing, but you may feel like you need to jump a few hurdles before you can cross the finish line. Real estate closings can seem complicated, especially if you’re a first-time home buyer, so here’s a checklist of things you’ll need to bring to the big day:
1. Your ID.
Bring your driver’s license or other form of photo identification. Some lenders even request a second form of ID such as a passport or a birth certificate. Your lawyer will let you know what’s required.
2. Funds.
You will need to provide cash for both the down payment and the closing costs. Your closing attorney will give you the numbers- just be sure to bring a cashier’s check.
3. Your Good Faith Estimate.
Your lender should have provided you a Good Faith Estimate of closing costs during the loan application process. Make sure the final closing costs match up to what was originally quoted to you.
4. Proof of insurance.
You will need to provide proof that you have established a homeowner’s insurance policy on the property. Your lender may want to review your policy before closing on the home.
5. Your signature... and your smile.
Buying a home- from finding a lender to going through the ordeal of closing- can be a stressful experience. This is the day you finally get the keys. The house is yours. Congratulations!
At Collins & Hepler, we’re proud of our long history of residential and commercial real estate closings. In fact, our archive houses over 6,000 real estate files. We bring experience and personalized service to your home buying process. If you’re thinking of purchasing a property in Covington, Alleghany County, Bath County, Lexington, Rockbridge County or Buena Vista, contact us for a free consultation.
1. Your ID.
Bring your driver’s license or other form of photo identification. Some lenders even request a second form of ID such as a passport or a birth certificate. Your lawyer will let you know what’s required.
2. Funds.
You will need to provide cash for both the down payment and the closing costs. Your closing attorney will give you the numbers- just be sure to bring a cashier’s check.
3. Your Good Faith Estimate.
Your lender should have provided you a Good Faith Estimate of closing costs during the loan application process. Make sure the final closing costs match up to what was originally quoted to you.
4. Proof of insurance.
You will need to provide proof that you have established a homeowner’s insurance policy on the property. Your lender may want to review your policy before closing on the home.
5. Your signature... and your smile.
Buying a home- from finding a lender to going through the ordeal of closing- can be a stressful experience. This is the day you finally get the keys. The house is yours. Congratulations!
At Collins & Hepler, we’re proud of our long history of residential and commercial real estate closings. In fact, our archive houses over 6,000 real estate files. We bring experience and personalized service to your home buying process. If you’re thinking of purchasing a property in Covington, Alleghany County, Bath County, Lexington, Rockbridge County or Buena Vista, contact us for a free consultation.
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