As we work through the timeline, removing contingencies, we’ll be ever closer to the end of the line, when you’ll be handed the keys to your new home.
Final details of the purchase include:
- The escrow company will request a closing estimate from your lender.
- You’ll receive a Closing Statement, outlining the financial details of the purchase and all of your closing-related expenses. Go over this carefully and call your lender immediately if you notice mistakes or discrepancies.
- Your lender will issue what is known as a “clear to close,” meaning that you’ve sailed through underwriting.
- The escrow company will coordinate a time on closing day for you to sign papers.
- You will have the opportunity to view the home one more time before closing. Typically, this is done about three days before closing. Known as the “final walk-through,” it’s your chance to ensure that the home is in the same condition as it was when you agreed to buy it, that agreed-upon repairs have been made and that the sellers haven’t left personal belongings in the home or on the property. This inspection is not meant to reveal items you may have missed before.
All that is left to do now is sign the stack of paperwork at the closing table.