House Closing Tips
Crossland Title Tennessee

House Closing Tips

House Closing Tips

Crossland Title, Inc

Crossland Title Inc. is a Knoxville title agency providing full-service real estate title solutions. Crossland Title Inc. makes your closing seem effortless.

With more than 36 years of experience in the real estate and title business, owners Pam Rice and Beth Crox have built their reputations upon the virtues of personal service and integrity. They believe that reputation as an honest and reliable business is the recipe for success.

All About House Closing

When you finally arrive at closing day in the home-buying process, it can sometimes be a whirlwind of unknowns and confusion. You will have questions like – How much are closing costs on a house? Who pays closing costs? What financial information – if any – do you need to take with you?
Then there’s all the of paperwork you’ll have to sign when you close on your new home. So how can you be ready for all the documents you’ll need to review – and understand? Prepare for the ride ahead so you can close on your loan with confidence.

Where does it take place?

If you’re taking out a loan, closing usually takes place at the office of a settlement agent. It can be the title company (the company that insures your ownership of the property) or, in some states, the lender’s office or escrow company. If buying with cash, you and the seller can decide the most convenient location.

Who attends the closing?

Who attends depends on many factors, but in general attendees include:

  • Home buyer (you)
  • Home seller or builder’s representative (if buying a new home)
  • Attorneys (buyer and lender, if applicable)
  • Closing agent (they run the meeting)
  • Seller’s real estate agent
  • Mortgage lender

How should I prepare?

By law, your lender has to send you something called a “closing disclosure” at least three days before your closing date. This document will include the terms of your loan and the final numbers for any closing costs you will owe. Review this document to confirm that all the details are accurate and as you expected. Write down any questions you have and bring them to the closing (or consult with your agent or attorney beforehand).

If you will owe money at the closing, make sure you plan ahead to get a cashier’s check or have a wire transfer done. Personal checks are NOT accepted.

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