The real estate closing is the final step in buying or selling a home. It’s the point where ownership of the property officially changes hands, documents are signed, and funds are disbursed. Whether you’re buying your first home or selling one you’ve owned for years, knowing what to bring to the closing table can help the process go smoothly and prevent delays.

What Buyers Should Bring to Closing

To ensure a seamless closing, buyers should come prepared with the following items:

• Valid government-issued photo ID: A driver’s license, passport, or other government-issued identification is required to verify your identity before signing any documents.
• Certified funds or proof of wire transfer: Buyers typically need to bring the balance of their down payment and closing costs. In most cases, funds must be provided either by wire transfer or a certified cashier’s check, as personal checks are not accepted.
• Loan documents and Closing Disclosure (CD) form: While most loan documents will be prepared by your lender and settlement agent, it’s important to review your CD form in advance and bring a copy to the closing for reference. By law, the lender must provide this document to the buyer at least three business days before the scheduled closing date.

What Sellers Should Bring to Closing

At closing, sellers are expected to provide certain items and documentation to complete the transaction and transfer the property to the buyer. These include:

• Valid government-issued photo ID: Like buyers, sellers must present identification to verify their identity when signing documents.
• Keys and access items: Sellers should bring all keys, garage remotes, and alarm codes to hand over to the buyer at closing.
• Final utility readings (if requested): Some settlement agents request final utility account information or meter readings to ensure services are transferred properly.
• Banking information for sale proceeds: Sellers who are receiving funds from the sale should provide wiring instructions or bring a voided check so the settlement agent can disburse the proceeds securely.

Tips for a Smooth Closing

While every transaction is unique, the following practices can help both buyers and sellers experience a smooth and efficient closing:

• Confirm details in advance: Buyers and sellers should check with their settlement agent or attorney ahead of time about specific requirements.
• Review closing documents early: Buyers should carefully review the Closing Disclosure form as soon as they receive it.
• Protect against wire fraud: Always verify wiring instructions directly with your settlement agent. Do not rely solely on email, as electronic communications can be compromised.
• Arrive prepared: Bringing all required documents and information can help prevent delays and keep the closing process on track.

Closing day is an important milestone in the real estate process. Having all items prepared can help the closing proceed efficiently and facilitate the transfer of ownership or sale proceeds. 

To learn more about the closing process, contact the team at Linear Title & Escrow.