What happens before closing day?
THE HOME GUIDE · 25
What happens before closing day?
A calm moving day often starts with small jobs done early.
ABOUT 3 MINUTES TO READ
A QUICK LOOK · THREE THINGS TO KNOW
01 / START HERE
Start with dates and papers
Once the deal is signed, read the dates in it.
02 / START HERE
Get the money ready
Buyers should ask their bank and lawyer when money must be sent.
03 / START HERE
Plan the final days
Book moving help, arrange home insurance and ask about the final walk-through.
Signing the deal may feel like the last big step. There is still work to do before closing day. Money needs to be ready. Papers need to be checked. Buyers and sellers each have jobs to finish.
PART 01
Start with dates and papers
Once the deal is signed, read the dates in it. Check when each step must happen. Some deals have loan or inspection dates to meet.
PART 02
Get the money ready
Buyers should ask their bank and lawyer when money must be sent. Transfers can take time. Sellers may need loan payout details.
PART 03
Plan the final days
Book moving help, arrange home insurance and ask about the final walk-through. A checklist can make the last week calmer.
A SMALL STEP YOU CAN TAKE
One thing to check today
Write down each key date, the person in charge and what is still needed.
HOW TO USE THIS
If you are buying or selling
If you are buying
Ask your lender and lawyer what to do before closing. Keep money ready.
If you are selling
Check loan payout, moving plans and any final tasks with your lawyer.
SAVE THIS LIST
Three questions worth asking
- Which dates are contractual and which are planning targets?
- When must my funds reach the lawyer?
- What must be confirmed before keys are released?
SOURCE AND FURTHER READING
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