When the time finally comes to close on your brand new ICI Home, you will find yourself filled with all sorts of different emotions.
During that excitement, you’ll want to take some extra time to make sure that everything goes smoothly at the closing table.
While the closing process is basically just an exchange of the final payment for the keys to your new home, it is possible that just the slightest hiccup could result in a delay.
In order to avoid that, you will want to do everything in your power to make sure that you are fully prepared when you arrive at the closing.
Here are four great tips for how to prepare for your closing:
Ask Questions Before Closing
While it is perfectly fine to ask for clarification on things at the closing table, you will have much more leverage if you get the answers to your questions worked out ahead of time. Your new home is one of the biggest purchases you will make in your lifetime, so it is perfectly reasonable to ask a lot of questions leading up to the closing date. That’s what we’re here for, so don’t be afraid to ask.
Review Loan Documents Prior to Closing
It is perfectly reasonable for you to ask your lender to review your mortgage documents with you prior to the closing. This will allow you to ensure that all of the details are correct, and that there will be no surprises when you review the loan documents at the closing table.
Don’t Forget the Check!
As the buyer, your primary function at the closing table is to sign for the home and hand over the final payment, which is usually in the form of a certified check.
It is surprisingly common for an excited buyer to completely forget to bring the check to the closing, which can result in a delay in taking possession of their new home.
Make sure you remember to bring the final payment with you to your closing!
Schedule Plenty of Time
The typical closing process should take less than an hour, and your closing agent will likely tell you that you don’t need to schedule any more time than that.
However, you are going to be signing a lot of paperwork, and any small detail that you notice to be incorrect could result in a delay. If something does come up at the closing table, you don’t want the additional pressure of a tight schedule adding to your stress level, so leave yourself plenty of extra time just in case it is needed.
The closing process should be more of a celebration than anything else, and as long as you remember the tips above, your closing should be a smooth and painless process.