We have now arrived at the end of our journey down the path to homeownership as we have arrived at the anxiously awaited day of Closing Day. Although there were many steps we had to complete the actual time elapsed from Step 5 – Negotiating an Offer to Step 13 – Closing Day has only been about 30 calendar days.
Closing day is the day you will officially close and become proud owners of your first home.
Where does the Closing occur? – In Spring Texas, our closings are held at title companies. The title company that will hold the closing is the same title company you made your earnest money check payable to. The closing will occur at a defined scheduled time.
Who attends the Closing? – The title company’s escrow agent, the sellers’ listing agent, the sellers, the buyers’ real estate agent, and the buyers are the parties at the closing table.
What to bring to Closing – A valid drivers license and a cashiers check made payable to the title company for the amount needed to close on the home.
How long does the Closing last? – You should budget between 1 to 2 hours. The title company’s escrow agent will briefly describe the documents you need to sign. If you want to read all of the documents before signing you should budget 2 hours of your time for the closing.
Difference between Closing and Funding – After you and the sellers have signed all the documents that were placed in front of you the closing has officially taken place. But you do not own the home just yet. The next step is for the title company’s escrow agent to send the documents over to your lender. The lender will then wire to the title company the money to fund the loan. After the closing has occurred and the loan funded, a BIG CONGRATULATIONS is in order because you are now the owners of your first home.
If you have missed one of the previous steps in our first time home buyers series, you can find them through the links below:
My family and I have moved many times and have had several realtors in various locations. Jill Wente is hands... read moreMy family and I have moved many times and have had several realtors in various locations. Jill Wente is hands down the best real estate agent in Spring Texas and certainly the best we have ever used. She has represented us as a buyer and seller and then most recently a buyer again the Spring TX area. She helped us figure out what would fit our needs today and what our needs would be 5 and 10 years from now. She was always thinking about future resale value and guided us in the process of making a wise financial decision. She negotiated hard for us and treated our money as if it was her money. She was always available and worked around our schedule. If you are looking for someone with unparalleled knowledge of the Spring TX area look no further, she’s the one you want on your side. I LOVE our new home but if I ever move again, Jill Wente will be who I call. read less