After the searching for a home is done, the negotiations have been completed, the house has been inspected, and the mortgage has been applied for and committed to, the focus suddenly turns to the closing, which may also be called “settlement” or “escrow,” depending on your locality. Closing is the legal transfer of ownership of the home from seller to buyer. It is a formal meeting that most parties involved in the transaction will attend. Closing procedures are usually held at the title company.
After final negotiations are complete, your Zuidema Team REALTOR will coordinate a closing time between you and the sellers. Your closing officer will coordinate the signing of documents and the collection and disbursement of funds. One day prior to close your lender will contact you with the amount of funds as well as any additional documents you need to bring to close such as recent pay stubs and your drivers license.