It’s closing day! This is the day that funds and home ownership are transferred. Your Realtor will facilitate setting up a time for you to sign documents. A title company or attorney will act as an independent third party to facilitate the signing process. The process will take approximately 30-60 minutes, depending on how much you prefer to read vs. allowing the closer to explain the documents to you. This typically takes place at the title company or attorney’s office, although it can also take place at your place of work or home with a mobile notary if necessary. Everyone who is on the contract will need to be present unless a power of attorney was established with the title company prior to closing day as a result of one party being unable to attend.
For funding, you will either need to bring certified funds or establish a wire transfer from your account to the title company in the amount that is consistent with what is noted on the closing disclosure. The wire can be established before or on closing day. Don’t forget your driver’s license or passport as proof of identity.
As referenced before, the transfer of ownership actually occurs at the time of funding. This typically takes 2-3 hours after the Buyer signs, so signing earlier in the day is preferable. If there was no leaseback in place for the Seller, the property may be accessed as soon as funding has been established and communicated.