Episode 10: Closing
In this final episode of our home buyers guide, we discuss the closing process. Closing is your last step in purchasing your home, when you go to the Title Company to sign your title and loan paperwork. This episode features Kelly Wald of Republic Title who helps walk us through the process of what happens at closing.
One important thing to know about closing is, there is a lot of paperwork! You have the right to sit and read every document, and that affects how long your closing will take. The typical buyer closing will last 30-45 minutes.
On the back end, once all the paperwork has been signed by the buyers and sellers, the title company works with the loan officers to make sure everything is in order. Once the loan officers approve, they give the title company funding authorization. That is the moment when the home becomes yours! Once that happens you’ll be able to pick up your keys from the Title Company.
We recommend being prudent and not planning to bring your moving truck to closing. Plan to give closing some time and being able to wait for funding authorization. Planning moving into your new house for the day or days after closing is your safest bet.
Congratulations on your new home! We are so glad that this guide has been helpful and that you have followed with us through the home buying process. For any of your homeowner or real estate needs, feel free to reach out!
