Whether you are purchasing a home or selling a house, knowing what to expect and being prepared at the closing can help eliminate stress and result in a pleasant experience. We understand how important this transaction is to you, and we are committed to consistently providing a level of service that prepares you for this final step in your real estate transaction.
Although the settlement process can vary from state to state, here are some common items that may be required at closing to help the process go as smoothly and quickly as possible.
Valid Photo Identification
Two forms of identification are typically required at closing, including one of the following:
• Valid U.S. Driver’s License or non-driver I.D.
• Valid Canadian or Mexican Driver’s License issued by the Official Agency
• Current United States or Foreign Passport (Foreign Passport must have been stamped by U.S. Immigration and Naturalized Service)
Cashier’s Check, Treasure’s Check, or Wire Transfer
In the event you are required to bring funds to closing, we cannot accept personal checks or cash. If you prefer to wire your funds, contact us for bank routing instructions.
Hazard Insurance Policy and Paid Receipt
A hazard policy, also known as homeowner’s insurance, with the lender designated as the insured holder of the mortgage, is required on most loans. Evidence of hazard insurance, including a paid receipt, must be provided prior to closing.
If you will be bringing a proceeds check from another settlement, contact us to verify the acceptance of those funds – we do not automatically accept all checks.
If Possible, All Parties Who Hold Title to the Property Should Attend the Closing
State-specific laws may require the spouse of the parties in title, even though their name does not appear on the deed, to sign certain documents when obtaining a mortgage. If anyone is unable to attend closing, contact us to arrange a power of attorney or closing by mail.
Checklist of Items Needed for a Successful Closing
1. Closing Instructions or Real Estate Broker Worksheet
2. Purchase Agreement
3. Valid Photo Identification
4. Amendments or Addenda
5. All Closing Party Members
• Buyer(s) Pre-Approval Letter
• Home Warranty Application
• Payoff Authorization to Release Information
• Association/Condominium Contact Information
• Copy of Earnest Money Deposit Check and Escrow Agreement
• Cashier’s Check, Treasurer’s Check, or Wire Transfer
• Power of Attorney (original needed at closing)
• Divorce Decree and Quit Claim Deed (original needed at closing, if not recorded)
• Court Order from Bankruptcy Court
• Corporation Documents: Board of Resolution, Certificate of Good Standing and Articles of Organization
• Death Certificate (original needed at closing)
• Prior Owner’s Title Policy
• Trust Agreement and Attorney Contact
• Letter of Authority for Probated Estate (original needed at closing, if not recorded)
• Limited Liability Company Documents: Operating Agreement and Articles of Organization
• Hazard Insurance Policy and Paid Receipt