4 Expert Tips To Ensure A Smooth Closing

 Real Estate Savannah, GA

As you get closer to closing your home buying, you'd like nothing to go wrong. However, expect the procedure to be more stressful and upsetting due to the numerous obstacles or issues that may arise before you ultimately hold your house keys.

With Mary Smith Team, Savannah's premier real estate team, on your side, you can rest confident that they will streamline the closing process and help make it less stressful. First, however, you must be prepared and do some legwork to ensure that everything goes as smoothly as possible.

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 At 912-596-2814 Now!

Tips To Ensure A Smooth Closing

Here are a couple of things you may do to avoid issues and seal the sale of your house with fewer snags:

1. Read More Paperwork

  
Problems with documentation frequently cause last-minute delays in real estate closings. Because you're making the largest purchase of your life, it's vital that you fully comprehend your agreement. As much as possible, get a head start on evaluating the papers. Read all of the documents and emails sent to you carefully, and reread them if necessary. It will give you sufficient time to take notes, ask questions, and clarify any misunderstandings ahead of time. This way, you won't be sifting through paperwork while everyone else is sitting and observing. While there's nothing wrong with taking your time on closing day, it may make you nervous, causing you to overlook important information when signing.

2. Ensure Your Name Is Spelled Correctly

 
When it comes to real estate transactions, no aliases, nicknames, or stage names are permitted.

You will be required to show a government ID during the closing. If the name on your ID does not match your papers, you will need to either get a new ID or redo the paperwork to match the name on the ID. In the event that you have recently been married or divorced and have not updated your driver's license with your new name, you may run into this problem.

To avoid this confusion, double-check your name spelling on the form and make sure your state-issued ID has your current name on it. When closing a transaction, always give the lender, your real estate agent, and the title officer your complete legal name.

3. Keep All Relevant Parties Up To Date.

The buyer and seller aren't the only ones involved in a real estate transaction; there's also the buyer's agent, the seller's agent, the lender, the title representative, and occasionally even a real estate attorney and accountant.

Your agent and lender must be informed of any changes that occur before closing, whether you've changed jobs, been furloughed, or reached a deal with the seller on a last-minute repair. Any of these transactions must reflect in your documentation, which means you must keep these persons informed so as to protect yourself and avoid any delays at closing.

4. Verify Banking Information And Payment Requirements.

Before transferring money via wire transfer or cashier's check, inquire about payment restrictions and double-check that all required information is correct.
Aside from your down payment, which you must pay in full at closing, you must also fund other closing charges, which means you will transfer a significant amount of money.

Check that the amount needed for closing fees is correct and ensure that the information is accurate. The title company agent or the attorney will tell you the precise amount needed and how you should pay it, such as sending funds ahead of time. Remember that if the attorney requests a wire transfer, you will never email such instructions. To avoid becoming a victim of wire fraud, be cautious and verify the wiring instructions with your attorney or real estate agent first. You want to be sure that the individual contacting you regarding a money transfer is legitimate and not a con artist.

 

Frequently Asked Questions What Do I Need To Bring To The Closing? 1. Identification A driver's license or passport are examples of government-issued identification cards. Two kinds of identification cards may be required in some instances. 2. Additional paperwork, such as proof of homeowners insurance, the findings of a home inspection, and other legal documents required for the closing 3. If you are married, your partner should accompany you. You'll need a form of identification from your spouse. 4. A cashier's check for the total amount of the down payment and closing charges. Before the closing, your mortgage lender will present you with the final amount, allowing you to draft the bank check. What Can I Expect During The Closing Process? The closing process lasts roughly an hour. The length of the appointment may vary depending on the transaction's intricacy and the availability of finances. During the meeting, both parties will need to sign various documents. The closing agent will be on hand to walk you through all of the documents you'll be signing and answer any questions you might have. What Documents Are Signed At The Closing? You will sign a variety of documents during the closing, including: 1. Title Transfer This paperwork is to transfer homeownership from the previous owners to you. 2.  Truth-in-Lending Statement This document contains the fine print of your mortgage loan, and it is necessary by law for your mortgage company to present it to you at the closing. 3. Title Insurance Title insurance protects both you and your lender from problems with your home's title. 4. Mortgage Loan Documents This paperwork will seal your loan's acceptance and provide you with the funds you need to buy it.

 

The Best Real Estate Agent In Savannah

Mary Smith Team is the best real estate firm in Georgia. We understand how to find, negotiate, and sell properties with a level of expertise that few other agents can match. Our team has been helping people buy and sell their homes for 30 years, so you know we've got what it takes to get the job done right. So if you want an expert who will work hard to help you make your dreams come true, then contact us today!

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Mary Smith Team
214 Whetstone Drive Savannah, GA 31410
912-596-2814